PPG Industries, Inc. (NYSE:PPG) is included among the 15 Dividend Stocks to Buy for Stable Income.
On March 19, RBC Capital lowered its price recommendation on PPG Industries, Inc. (NYSE:PPG) to $114 from $115. Maintained a Sector Performance rating after meeting with the company’s Investor Relations team. The firm said demand in industrial end markets remains uneven. It also noted potential headwinds if the conflict with Iran extends into the second quarter, according to the research note.
On March 2, PPG announced a collaboration with IPG Photonics Corporation and Whirlpool Corporation to advance the commercialization of laser curing systems for powder coatings. The effort is focused on reducing curing costs and reducing environmental impact, while improving finishing line speed.
Laser curing works differently than traditional thermal methods. It uses infrared light to cause cross-linking, the reaction that turns powder into a durable coating. The process works with standard powder chemicals as well as those designed for laser curing. It also takes minutes rather than the longer cycles required in thermal systems. That shorter cycle time can translate into lower energy use and higher performance in production environments.
PPG has been expanding its powder coatings business in recent years. It now operates 21 powder manufacturing plants, along with seven bonding facilities, a resin powder plant, a research and development center and a Global Center of Excellence.
PPG Industries, Inc. (NYSE:PPG) manufactures and distributes paints, coatings and specialty products through its global architectural coatings, performance coatings and industrial coatings segments.
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