PPG Unveils Conductive & Non-Conductive Urethane Primers

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PPG Industries, Inc. 's PPG industrial coatings business recently launched Spectracron SPU conductive and non-conductive urethane primers. These products are the first of their kind that can be applied over multiple plastic substrates, such as Metton LMR (liquid molding resin) and sheet-molded composite (SMC) plastics.

Apart from being compatible with a broad range of plastic substrates, Spectracron SPU conductive primer lowers wet-on-wet times to three minutes, helping manufacturers save time compared to other conductive plastic primers.

According to Scott Laney, PPG liquid products manager, industrial coatings, Spectracron SPU is a breakthrough in primer technology as it helps heavy-duty equipment and automotive component manufacturers to prime parts made from multiple plastic substrates with a single product. Moreover, the product offers excellent performance on most types of plastic used in the heavy-duty equipment and transportation industries. This eliminates the conventional need for multiple primers, which add time and complication to the production process, and increase the potential for quality problems.

Spectracron SPU non-conductive and the PACCAR-approved conductive primer are designed to match PPG's OEM-approved two-component (2K) topcoat, providing manufacturers the option to streamline their inventories by stocking an integrated primer and coatings system from a single supplier.

PPG Industries' Industrial Coatings segment's sales rose around 2% to $1.37 billion in fourth-quarter 2015 on volume gains and contributions from acquisitions. Automotive OEM coatings volumes rose by a mid-single-digit percentage, surpassing the global industry growth rate of around 4%. Industrial coatings and specialty coatings and materials businesses saw higher year-over-year growth, backed mainly by Europe and Asia. Packaging coatings volumes rose by a mid-single-digit clip in the quarter, supported by new technology-related customer conversions.

PPG Industries remains committed to deliver higher organic growth, including continued commercialization of its innovative, industry-leading coatings technologies.

Shares of the company gained around 2.2% to close at $102.49 on Mar 4.

PPG Industries currently carries a Zacks Rank #3 (Hold).

Better-ranked companies in the basic materials space include Koninklijke DSM N.V. RDSMY , Daqo New Energy Corp. DQ and Ferroglobe PLC GSM . While Koninklijke and Daqo New Energy sport a Zacks Rank #1 (Strong Buy), Ferroglobe carries a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Business , Investing , Stocks
Referenced Symbols: PPG , RDSMY , GSM , DQ

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