PPG Industries (NYSE:PPG) has introduced a new coating system, Dragonhide ZRE finish, to improve the corrosion resistance of high-end underbody parts of automobiles. The duplex coating system has been created with “self-healing” zinc-rich primer located between the base metal substrate and electrocoat finish.
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The zinc-rich barrier is an advanced technological development to help improve resistance against corrosion. If an automobile is exposed to a large quantity of road debris, including military and heavy-duty equipment, and the barrier coat is chipped off, the base layer self heals as the zinc oxide layer corrodes. This significantly improves the service life of the affected auto part.
The Dragonhide finish system has been formed by combining PPG’s zinc-rich coating, Spectacron and its industry-acclaimed Powercron electrocoats. The new finish system has been tested for over three years by industry experts, providing outstanding results.
The finish system can be applied to a number of parts including tie rods, fasteners, linkages and other parts critical for protection, sturdiness and performance of automobiles. The solution’s application can be carried out by dip-drain, dip-spin and spray methods. Moreover, the electrocoat layer in the system provides extensive environmental benefits, compared to competing coating systems.
As an added advantage to manufacturers of heavy-duty equipment, automakers and military contractors, the Drangonhide ZRE finish system reduces costs and vehicle weight by using thinner-gauge steel for the parts. It also minimizes masking requirements for compound parts. Moreover, it is a cost-efficient substitute to galvanizing and plating.
Revenues from the Industrial Coatings segment of PPG rose 2% year on year to $1.37 billion in the first quarter of 2016 backed by an increase in sales volume as well as acquisition related sales, partially offset by currency headwinds. Segment income rose almost 9% from the prior-year quarter to $265 million due to manufacturing cost efficiencies, and benefits from restructuring and acquisitions.
The segment accounted for 37.3% of the company’s total revenue and 46.3% of the total income. The company is taking steps toward its goal of developing and commercializing customer-driven technologies and consumer branding strategies.
PPG Industries currently holds a Zacks Rank #2 (Buy).
Other well-ranked companies in the chemical space include Akzo Nobel N.V. (OTC:AKZOY) , Albemarle Corporation (NYSE:ALB) and Innospec Inc. (NASDAQ:IOSP) , all sporting a Zacks Rank #1 (Strong Buy).
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PPG INDS INC (PPG): Free Stock Analysis Report
ALBEMARLE CORP (ALB): Free Stock Analysis Report
AKZO NOBEL NV (AKZOY): Free Stock Analysis Report
INNOSPEC INC (IOSP): Free Stock Analysis Report
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