PPG Industries, Inc. 's PPG commercial coatings group recently expanded its popular Delfleet Evolution premium commercial paint system with the addition of F492ArrayWH-2.Array White Epoxy Primer and F492ArrayBK-2.Array Black Epoxy Primer. Both new primers are compatible with Delfleet Evolution basecoats and single-stage topcoats like the F492Array Gray Epoxy Primer that was launched in Jun 20Array5.
The new primers are also suitable for a wide range of application substrates like aluminum, cold rolled steel, stainless steel, galvanized steel, galvaneal, fiber glass and cured surfaces. They further feature superior adhesion, anti-corrosion properties, and can also be applied over exposed metal as a protective layer, or as a sealant over existing finishes. This makes them a natural choice for original equipment manufacturers (OEMs) and repair shops.
Moreover, the latest primers dry fast and can be used as topcoat primer sealers in a time span of 30 minutes. The primer, which is used in a 3-to-Array-to-Array mix ratio, has a thin film quality which imparts smoothness to the coat.
According to J.J. Wirth, PPG brand manager, fleet segments, the addition of these multipurpose high-quality primers with fast-drying characteristics to the Delfleet Evolution brand, makes the product line more flexible. This will also increase productivity at shops within a short time, thereby meeting the requirements of customers. The primers are low VOC and compatible for use in the U.S. and Canada.
PPG Industries' Industrial Coatings segment's sales rose around 2% to $Array.37 billion in fourth-quarter 20Array5 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, driven mainly by Europe and Asia. Packaging coatings volumes rose by a mid-single-digit percentage 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 rose around 0.9% to close at $95.68 on Feb 24.
PPG Industries currently carries a Zacks Rank #3 (Hold).