PPG Industries Inc
) protective and marine coatings (PMC) business announced that it
will offer AMERCOAT brand coatings in Mexico. The products that
are sold and serviced by PPG in Mexico include AMERLOCK which is
a global brand of PPG and offers high-performance coatings that
protect industrial onshore and offshore steel structures against
corrosion in the world's most severe geographical conditions.
AMERLOCK is available in a wide range of colors and low-volatile
organic compound (VOC) formulations.
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Another products offered by PPG in Mexico also includes DIMETCOTE
inorganic zinc primers which protect the carbon steel against
corrosion. They are available in water-based and low-VOC solvent
formulations, and also have high abrasion resistance.
Patented PSX 700 polysiloxane topcoat is also offered by PPG in
Mexico. The product is used around the world for applications in
various protective and marine segments. It is also available in a
wide range of colors and is the world's first weatherable epoxy
that embodies the properties of both a high performance epoxy and
an acrylic polyurethane in one coat. This multi-purpose coating
offers breakthrough weather resistance and corrosion control.
PMC is a world leader in protective and marine coatings. PPG
Industries posted its second-quarter 2013 results on Jul 18. The
company posted earnings (barring one time items) from continuing
operations of $2.45 a share in the quarter, which beat the Zacks
Consensus Estimate by $0.11. The adjusted earnings exclude
Revenues rose 16% year over year to $4,095 million, yet missed
the Zacks Consensus Estimate of $4,115 million. Solid results in
the coatings business was driven by sales gains across automotive
OEM coatings, automotive refinish and aerospace. However, the
architectural coatings business was the weakest link in the
Revenues from the Architectural Coatings (Europe, Middle East and
Africa) division fell 5% to $571 million on lower volumes.
Sustained economic weakness led to lower demand in the region.
PPG Industries, a prominent player in the paints industry along
), envisions sustained earnings momentum in the third quarter
driven by similar factors that aided results in the first half,
including prudent cost management. Innovation is key to the
company's growth and the launch of the new collection is expected
to augment sales of the company's architectural coatings
PPG Industries currently carries a Zacks Rank #3 (Hold).