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PPG's AEROCRON Qualifies Standard - Analyst Blog

Posted
1/8/2014 3:30:00 PM
By: Zacks.com
Referenced Stocks:AMS;ARKAY;JMPLY;LYB;PPG

PPG Industries Inc. 's ( PPG ) AEROCRON electrocoat primer has been qualified to SAE International's Aerospace Material Specification (AMS) 3144 standard for anodic electrodeposition primer used for aircraft applications. AEROCRON electrocoat primer was developed by PPG Industries' aerospace coatings group. Four different variations of the primer, designed to meet specific customer or regional requirements, comply with the AMS 3144 specifications.

AEROCRON primer, qualifying the aerospace industry standard certification, will assure airframe manufacturers and subcontractors of its high quality. The electrocoat primer technology was developed for the automotive industry to meet the requirements of military, commercial and general aviation aircraft manufacturers and subcontractors.

AEROCRON chromate-free primer offers better corrosion protection than other conventional spray primers because electrocoating enhances coverage. It also provides more uniform application, nearly 100% product utilization, reduced primer weight for enhanced aircraft fuel economy, and elimination of worker overspray exposure.

AEROCRON chromate-free primer was the first electrocoat-application primer developed for the global airframe manufacturers and subcontractors to coat parts for commercial, military and general-aviation aircraft. It was commercially launched on Jan 4, 2012.

Aerospace products and services business is part of the Performance Coatings division of PPG Industries. PPG Aerospace consists of two wings - PRC-DeSoto and Transparencies. PRC-DeSoto is a global producer and distributor of aerospace coatings, sealants, and packaging and application systems. Transparencies is the global supplier of aircraft windshields, windows and canopies.

PPG's revenues from the Performance Coatings division shot up 34% year over year to $1.6 billion in the third quarter of 2013 as gains from acquisitions more than offset a decline in volumes and unfavorable currency impact. The company witnessed higher sales across aerospace, automotive refinish and North American architectural coatings businesses.

PPG Industries currently carries a Zacks Rank #2 (Buy).

Other companies in the chemical industry worth considering are Johnson Matthey plc ( JMPLY ), LyondellBasell Industries NV ( LYB ) and Arkema S.A . ( ARKAY ). While Johnson Matthey sports a Zacks Rank #1 (Strong Buy), both LyondellBasell and Arkema carry the same Zacks Rank as PPG Industries.



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LYONDELLBASEL-A (LYB): Free Stock Analysis Report

PPG INDS INC (PPG): Free Stock Analysis Report

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