PPG Industries Inc. (NYSE:PPG) has inked an agreement to distribute several wastewater infrastructure repair products made by Sauereisen, a leading global producer of corrosion-resistant materials for industrial applications. PPG Industries will provide RestoKrete substrate resurfacer No. F-121, RestoKrete No. 208 filler compound, and RestoKrete No. 209 and No. 209FS filler compounds.
RestoKrete substrate resurfacer No. F-121 is a water-resistant, high-strength substrate-repair material which is designed to prevent inflow and infiltration in concrete or brick manholes. The Portland cement-based material is specially designed to restore the integrity of structural components in municipal wastewater environments.
RestoKrete No. 208 filler compound is an epoxy-based mortar which is produced to fill voids, irregularities and air pockets in concrete. Further, it can be utilized to repair concrete and brick substrates, and to provide a water-resistant barrier for those materials.
RestoKrete No. 209 is an epoxy-based filler compound. It is designed to provide a smooth surface specifically for application of epoxy monolithics by filling voids, irregularities and air pockets in concrete and steel.
RestoKrete No. 209FS filler compound is a faster-setting version of the No. 209 product.
Sauereisen’s products are in sync with PPG’s line of concrete coating and repair products. PPG Industries noted that the addition of Sauereisen’s products gives its customers single-source access to industry-leading products from the two companies.
The price of PPG Industries has declined 9.85%, while the Zacks categorized Chemical industry has declined 1.17% in the past three months. The company is witnessing weakness in Europe of late, evident from slower-than-expected volume growth in its last quarter. Weakness in some parts of the region is affecting architectural coatings volumes. Moreover, demand is anticipated to remain subdued in Latin America in the near term. The company projects a modest improvement in global demand in fourth-quarter 2016.
Further, PPG Industries remains exposed to currency headwinds. Moreover, some of its end markets, including marine, are still sluggish.
PPG Industries currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Some better-ranked companies in the chemical space include Koppers Holdings Inc. (NYSE:KOP) , The Chemours Company (NYSE:CC) and Kronos Worldwide, Inc. (NYSE:KRO) , all sporting a Zacks Rank #1 (Strong Buy). You can the complete list of today’s Zacks #1 Rank stocks here.
Koppers Holdings has an expected long-term growth of 10%.
Chemours has an expected long-term growth of around 15.5%.
Kronos Worldwide has an expected long-term growth of around 5%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
PPG INDS INC (PPG): Free Stock Analysis Report
KRONOS WORLDWD (KRO): Free Stock Analysis Report
KOPPERS HOLDNGS (KOP): Free Stock Analysis Report
CHEMOURS COMPNY (CC): Free Stock Analysis Report
Original post
Zacks Investment Research