Credit: Shutterstock photoPPG Industries Inc.PPG declared that Enviro-Prime Epic electrocoat (e-coat) technology has secured full approval from the PSA Group, subsequent to the production-line conversions and testing at two of the automaker's plants in Europe.
Enviro-Prime EPIC e-coat is a patented, metal-free catalyst technology that provides greater smoothness, is corrosion resistant and also gives a thin-film pretreatment performance. The technology is available in high- and hyper-throwpower versions and enables automotive original equipment manufacturers (OEMs) to meet the global environmental standards while avoiding the cost volatility of e-coats using metals that are in limited supply, such as bismuth.
Because of its excellent appearance at a low exterior thickness, the Enviro-Prime EPIC e-coat is raising expectations of the market. The technology provides premium performance at optimum cost per vehicle.
A number of testing and analysis, including a vehicle with Enviro-Prime EPIC e-coat that underwent 60 testing cycles, confirmed the e-coat's performance in appearance, mapping sensitivity, bacteria sensitivity, thin-film pretreatment compatibility, film-build distribution and throwpower. The testing also proved a 10% reduction in the amount of e-coat product required, compared to the plants' previous technologies.
PPG Industries remains committed to deliver higher organic growth, including continued commercialization of its innovative, industry-leading coatings technologies.
The company is well placed to gain from continued strength across North-American automotive and aerospace markets, synergies from acquisitions and cost-saving measures. Healthy momentum across automotive OEM, automotive refinish and aerospace markets are expected to support its results moving ahead.
PPG Industries carries a Zacks Rank #2 (Buy).
Other well-placed companies in the diversified chemical space include Albemarle Corp. ALB , Innospec Inc. IOSP and Asahi Kasei Corp. AHKSY , all sporting a Zacks Rank #1 (Strong 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.
