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PPG Industries (PPG) Unveils New Fiber Glass Products
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PPG Industries Inc. (PPG - Free Report) declared that it has added three new products to its established Tufrov, Hybon and Innofiber fiber glass product lines.
Hybon 2732 direct draw roving fiber glass is designed to increase the strength of composite structural products made of pultruded fiber-reinforced polymer (FRP). Hybon 2732 roving has minimal profile warping, low process abrasion and lower running tensions than rival products, and it increases the processability of continuous FRP shapes and profiles of structures made with constant cross-sections, such as oil and gas platforms, architectural products, ladder rails, cellular and utility towers, and other power-generation and infrastructure applications. It also ensures better dry roving tensile strength for enhanced compatibility, with unsaturated polyester resins in pultrusion processes.
Tufrov 4520 roving provides a combination of high mechanical strength and improved long fiber thermoplastic (LFT) processing, especially in hot, humid production environments, for a fiber glass product in its category. Tufrov 4520 roving lessens downtime and allows the formation of stronger, higher-quality thermoplastics for automotive components, truck liners, aerospace cargo containers, component housings and other applications with high structural requirements.
Innofiber TS 2402 direct draw roving fiber glass is a new composition which is made to optimize sound absorption through increased volumizing inside muffler cavities for automotive and industrial exhaust systems. It is made in a way to increase the glass softening point and meet the stringent performance specifications of leading global automakers.
PPG Industries’ shares closed 0.8% lower at $103.65 on Aug 16.
Last month, PPG Industries released its second-quarter 2016 results. The company’s adjusted earnings of $1.85 per share went up 10.8% year over year. Sales in the quarter were fairly consistent with the prior-year quarter, at $4,064 million. While earnings beat the Zacks Consensus Estimate, sales trailed the same. The bottom line was primarily boosted by the successful commercialization of innovative new products, strong business and cost management as well as earnings-accretive cash deployment.
PPG Industries currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the chemical space include Innospec Inc. (IOSP - Free Report) , Innophos Holdings Inc and Arkema S.A. (ARKAY - Free Report) . All of these sport a Zacks Rank #1 (Strong Buy).
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PPG Industries (PPG) Unveils New Fiber Glass Products
PPG Industries Inc. (PPG - Free Report) declared that it has added three new products to its established Tufrov, Hybon and Innofiber fiber glass product lines.
Hybon 2732 direct draw roving fiber glass is designed to increase the strength of composite structural products made of pultruded fiber-reinforced polymer (FRP). Hybon 2732 roving has minimal profile warping, low process abrasion and lower running tensions than rival products, and it increases the processability of continuous FRP shapes and profiles of structures made with constant cross-sections, such as oil and gas platforms, architectural products, ladder rails, cellular and utility towers, and other power-generation and infrastructure applications. It also ensures better dry roving tensile strength for enhanced compatibility, with unsaturated polyester resins in pultrusion processes.
Tufrov 4520 roving provides a combination of high mechanical strength and improved long fiber thermoplastic (LFT) processing, especially in hot, humid production environments, for a fiber glass product in its category. Tufrov 4520 roving lessens downtime and allows the formation of stronger, higher-quality thermoplastics for automotive components, truck liners, aerospace cargo containers, component housings and other applications with high structural requirements.
Innofiber TS 2402 direct draw roving fiber glass is a new composition which is made to optimize sound absorption through increased volumizing inside muffler cavities for automotive and industrial exhaust systems. It is made in a way to increase the glass softening point and meet the stringent performance specifications of leading global automakers.
PPG Industries’ shares closed 0.8% lower at $103.65 on Aug 16.
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Last month, PPG Industries released its second-quarter 2016 results. The company’s adjusted earnings of $1.85 per share went up 10.8% year over year. Sales in the quarter were fairly consistent with the prior-year quarter, at $4,064 million. While earnings beat the Zacks Consensus Estimate, sales trailed the same. The bottom line was primarily boosted by the successful commercialization of innovative new products, strong business and cost management as well as earnings-accretive cash deployment.
PPG Industries currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the chemical space include Innospec Inc. (IOSP - Free Report) , Innophos Holdings Inc and Arkema S.A. (ARKAY - Free Report) . All of these sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>