We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PPG Industries’ (PPG - Free Report) Teslin Food-Grade substrate, part of its Specialty Coatings and Materials business, received accreditation from German independent testing institute ISEGA. The certificate attests that synthetic paper can be used safely for numerous European packaging applications and food labeling. The move will help to improve efficiency of supply chains and provide consumers relief against tampering and counterfeiting issues.
According to PPG Industries, this certification enables customers to use Teslin Food-Grade substrate for applications that require direct contact with dry foods having no free fats at the surface, at room temperature and below, per the European Commission Directives 2006/125/EChas and 2006/141/EC.
Notably, the product offers the same capabilities as normal Teslin substrate, which is resistant to chemicals, water and scuffs. It can survive extreme cold and hot temperature fluctuations and is also resistant to steam and ice exposure. The aforementioned attributes enable packaging and labels to endure wearing that occurs during storage, handling and shipping.
The product is compatible many printing technologies such as laser, inkjet, flexography, thermal transfer and offset. High-definition printing quality and vibrant color reproduction also make it appropriate for branded packaging.
PPG Industries also announced that Teslin Food-Grade substrate is fully compliant with the U.S. Federal Food, Drug and Cosmetic Act, along with all food-additive related regulations for food-contact applications. This allows customers to use the product for single and repeated use applications, under all operating conditions, with no limits to material amount and with all types of food.
PPG Industries, which is in the same industry as Koppers Holdings Inc. (KOP - Free Report) , Innophos Holdings, Inc. and Kronos Worldwide Inc. (KRO - Free Report) , expects modest global economic growth. The company anticipates a higher level of earnings-accretive cash deployment in the second half of 2017 including acquisitions and share repurchases.
PPG Industries is taking steps for growing organically. The company is also taking measures to lower costs. The company also remains committed to deploy cash on acquisitions and share repurchases. It plans to deploy $2.5-$3.5 billion cash for acquisitions and share repurchases in 2017 and 2018 combined and is now targeting the top end of that range at a minimum.
However, PPG Industries faces currency headwinds and macroeconomic challenges. Some of its end markets including marine still remain sluggish. It is also exposed to volatility in raw materials and energy costs.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
PPG Industries' (PPG) Teslin Substrate Gets ISEGA Certificate
PPG Industries’ (PPG - Free Report) Teslin Food-Grade substrate, part of its Specialty Coatings and Materials business, received accreditation from German independent testing institute ISEGA. The certificate attests that synthetic paper can be used safely for numerous European packaging applications and food labeling. The move will help to improve efficiency of supply chains and provide consumers relief against tampering and counterfeiting issues.
According to PPG Industries, this certification enables customers to use Teslin Food-Grade substrate for applications that require direct contact with dry foods having no free fats at the surface, at room temperature and below, per the European Commission Directives 2006/125/EChas and 2006/141/EC.
Notably, the product offers the same capabilities as normal Teslin substrate, which is resistant to chemicals, water and scuffs. It can survive extreme cold and hot temperature fluctuations and is also resistant to steam and ice exposure. The aforementioned attributes enable packaging and labels to endure wearing that occurs during storage, handling and shipping.
The product is compatible many printing technologies such as laser, inkjet, flexography, thermal transfer and offset. High-definition printing quality and vibrant color reproduction also make it appropriate for branded packaging.
PPG Industries also announced that Teslin Food-Grade substrate is fully compliant with the U.S. Federal Food, Drug and Cosmetic Act, along with all food-additive related regulations for food-contact applications. This allows customers to use the product for single and repeated use applications, under all operating conditions, with no limits to material amount and with all types of food.
PPG Industries, which is in the same industry as Koppers Holdings Inc. (KOP - Free Report) , Innophos Holdings, Inc. and Kronos Worldwide Inc. (KRO - Free Report) , expects modest global economic growth. The company anticipates a higher level of earnings-accretive cash deployment in the second half of 2017 including acquisitions and share repurchases.
PPG Industries is taking steps for growing organically. The company is also taking measures to lower costs. The company also remains committed to deploy cash on acquisitions and share repurchases. It plans to deploy $2.5-$3.5 billion cash for acquisitions and share repurchases in 2017 and 2018 combined and is now targeting the top end of that range at a minimum.
However, PPG Industries faces currency headwinds and macroeconomic challenges. Some of its end markets including marine still remain sluggish. It is also exposed to volatility in raw materials and energy costs.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>