PPG Industries (PPG) Launches Printable Label Stock, Teslin

PPG Industries Inc. (NYSE:PPG) has unveiled the Teslin label stock, which is a new portfolio of durable, printable and secure label stock. The offering will enable the label-converting customers to expand the label options available to them by leveraging the unique properties of Teslin substrate globally.

Teslin substrate is a versatile synthetic paper and is developed by PPG. It combines the versatility, convenience and color reproduction of traditional pulp-based paper with the durability of a plastic. Teslin label stock is well-suited with print technologies including inkjet, laser, thermal transfer and offset. This secure label stock locks inks and toners into its structure to protect printed label data from abrasion and tampering.

The latest line of Teslin label stock combines the durability and security of Teslin substrate with high-quality adhesives and liner materials which ensure the protection of critical printed data on labels. It can be customized for labels that adhere to the Globally Harmonized System (GHS) and British Standard 5609 requirements as well as for various other applications like label solutions for security, chemical, medical, food and beverage.

Teslin label stock is waterproof and resistant to chemicals, solvents and tearing and can withstand extreme temperatures. It also improves operating processes by providing bubble-free application. It reduces the potential for static discharge when label liners are peeled from label stock – a process known to ignite chemical and solvent vapors in certain manufacturing environments.

PPG Industries’ shares closed roughly 2% higher at $108.70 on Jul 12.

PPG Industries looks to acknowledge and provide a solution for customers' needs to streamline the purchasing, delivery and application of coatings with this acquisition.

The company is taking steps to grow its business inorganically by making a number of acquisitions. The company plans to deploy $2–$2.5 billion cash in the 2015–2016 period toward acquisitions and share repurchases.

PPG Industries currently holds a Zacks Rank #3 (Hold). Better-ranked companies in the chemical space include Albemarle Corp. (NYSE:ALB) , Huntsman Corp. (NYSE:HUN) and Axiall Corp. (NYSE:AXLL) , all sporting a Zacks Rank #1 (Strong Buy).