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4-Traders Homepage  >  Equities  >  Nyse  >  PPG Industries, Inc.    PPG

Delayed Quote. Delayed  - 09/28 10:02:01 pm
103.57 USD   +1.09%
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PPG Industries, Inc. : PPG announces FDA food contact compliance for TESLIN Food-Grade substrate

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05/29/2013 | 09:16pm CEST



PPG Industries (NYSE:PPG) announced that TESLIN® Food-Grade substrate has been confirmed as fully compliant with the Federal Food, Drug and Cosmetic Act and all related food-additive regulations for food-contact applications. Offering the same durability, security and flexibility performance benefits as standard
Teslin substrate, Teslin Food-Grade substrate is ideal for use as traceability labels, like those pictured above, which enable food companies to combat food fraud and better safe-guard their supply chain. It can also be used for high-visibility brand packaging, because of its exceptional color and photo reproduction, and for tamper-resistant security labels printed with encrypted bar codes or quick-response (QR) codes.

PITTSBURGH, May 29, 2013 - PPG Industries (NYSE:PPG) announced that TESLIN® Food-Grade substrate has recently been confirmed as fully compliant with the Federal Food, Drug and Cosmetic Act and all related food-additive regulations for food-contact applications.

Michelle Welch, PPG business director, Teslin substrate products, said this revised and updated confirmation of U.S. Food and Drug Administration compliance permits PPG customers to use Teslin Food-Grade substrate for single- and repeated-use applications, under all operating conditions for which the substrate is technologically suitable, with all types of food and without limits to material amount.

"Customers in many industries have embraced Teslin substrate for its unique blend of durability and easy, high-quality printability," she said. "Teslin Food-Grade substrate now offers our customers an opportunity to grow their businesses by developing new and innovative ways to package, protect, label and display food goods."

Teslin Food-Grade substrate offers the same capabilities as standard Teslin substrate, including resistance to water, chemicals, tears and scuffs, as well as withstanding exposure to ice, steam, hot and cold temperature extremes, and storage, shipping and handling conditions.

Designed for digital and variable print applications, Teslin Food-Grade substrate is compatible with a wide range of print technologies, making it well-suited for high-visibility brand packaging requiring exceptional color and photo reproduction, as well as tamper-resistant supply chain security labels printed with encrypted bar codes or quick-response (QR) codes. Teslin Food-Grade substrate also is ideal for durable, visually attractive labeling in challenging storage and retail environments. To learn more, call 888-774-2774 or visit www.teslin.com.

The Teslin substrate products group is part of PPG's Optical and Specialty Materials reporting segment. Manufactured by PPG Industries in Barberton, Ohio, Teslin substrate is a microporous sheet material that delivers a combination of benefits enabling a variety of applications. Proven worldwide, Teslin substrate is a preferred material for card, specialty print, in-mold graphic, tag and label use, as well as technology-focused applications such as e-passports and radio frequency identification (RFID) cards and labels.

PPG: BRINGING INNOVATION TO THE SURFACE.(TM)
PPG Industries' vision is to continue to be the world's leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in nearly 70 countries around the world. Sales in 2012 were $15.2 billion. PPG shares are traded on the New York Stock Exchange (symbol:PPG). For more information, visit www.ppg.com.


Bringing innovation to the surface is a trademark and Teslin is a registered trademark of PPG Industries Ohio, Inc.

Contact:
Brande Juart
PPG Silica Products, TESLIN® Substrate Products
724-325-5203
juart@ppg.com
www.teslin.com
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Financials ($)
Sales 2016 15 263 M
EBIT 2016 2 307 M
Net income 2016 1 627 M
Debt 2016 3 182 M
Yield 2016 1,49%
P/E ratio 2016 17,13
P/E ratio 2017 15,13
EV / Sales 2016 2,02x
EV / Sales 2017 1,98x
Capitalization 27 579 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 123 $
Spread / Average Target 19%
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NameTitle
Michael H. McGarry Executive Chairman, President & CEO
Frank S. Sklarsky Chief Financial Officer & Executive Vice President
David S. Bem CTO, Vice President-Science & Technology
Chris Caruso Vice President-Information Technology
Michele J. Hooper Independent Director
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