Credit: Shutterstock photoPPG Industries Inc. 's PPG automotive refinish business has broadened the range of Vibrance Collection custom paint finishes with the addition of VC5700 Ditzler custom clear. The new clear provides high build and superior vertical hold, which is highly suitable for filling tapelines, burying flakes and leveling transitions on graphic overlays.
VC5700 uses a simple 2-to-1-to-1 mix ratio. The product is easy to apply, buff and polish, and leaves an ultra-smooth finish with a durable and lustrous look. Also, it is applicable in all markets, depending on the PPG reducer used. In 2.1 volatile organic compound-compliant markets, it can be used with DT1855/D8767 reducer while in national rule markets, DT8XX/D87X reducer should be used. It is designed to deliver show-quality gloss for restoration, refinish and custom work.
PPG Industries' shares closed around 2.6% lower at $99.87 last Thursday. The stock is down roughly 15% so far this year.
Recently, PPG Industries' automotive refinish business introduced VWM500 Custom Midcoat. A solvent-based, VOC-compliant Vibrance Collection product, it is manufactured specifically for application with waterborne basecoats.
VWM500 enables painters to effortlessly create multiple colors like custom candies, micas or pearl midcoat layers over waterborne basecoats using the Vibrance Collection special-effect pigments and dyes. VWM500 is particularly useful when the custom finish is performed over a long period of time. This product can also be used to separate graphics.
PPG Industries has a diversified business and a leading position in several paints and coatings end markets. The company saw organic sales growth in its automotive refinish business in second-quarter 2015 on rising demand. Healthy momentum across automotive OEM (original equipment manufacturers) and aerospace markets and synergies of acquisitions are expected to support its results moving ahead.
PPG Industries currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the chemical space include Innospec Inc. IOSP , LyondellBasell Industries N.V. LYB and Akzo Nobel N.V. AKZOY . While Innospec sports a Zacks Rank #1 (Strong Buy), both LyondellBasell and Akzo Nobel carry 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.
