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

PPG INDUSTRIES, INC. (PPG)
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PPG Industries : launches innovative aerospace sealant injection tool for channel seals

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06/19/2017 | 10:36pm CET
PARIS AIR SHOW, June 19, 2017 - PPG (NYSE:PPG) has launched an innovative high-pressure aerospace sealant injection tool that addresses the unique application requirements of channel sealing aircraft wings for prevention of fuel leaks during flight. The SEMCO 1010 HP high-pressure injection tool has a pressure limiting mechanism, and it is certified for use in potentially volatile environments.
According to Dr. Wei Chen, PPG global product manager for aerospace packaging, the Semco model 1010 HP injection tool works well with the highly viscous, noncuring sealant that is forced through grooves of aircraft wings. 'Successful channel sealing requires the right equipment and highly knowledgeable operators,' Chen said. 'The wing can be damaged if the sealant application pressure is too high, requiring significant rework, particularly with composite aircraft. The Semco 1010 HP dispensing tool has a pressure limiting mechanism designed to prevent this from happening.' Chen said the Semco 1010 HP dispensing tool is ATEX Class II certified, making it suitable for use in potentially volatile environments during maintenance applications, and salt fog resistant for highly corrosive theaters. It weighs 19 pounds (8.6 kilograms), which makes it more ergonomic than heavier units. The Semco 1010 HP injection tool is the latest in the Semco high-pressure injection tool line, offering end users significant advantages over previous generations of dispensing tools such as the Semco 510 HP injection tool. Visit www.semcopackaging.com for more information about the new Semco model 1010 HP high-pressure injection tool, which can be purchased through PPG's aerospace application support centers that are listed on the website. Paris Air Show visitors can learn more about Semco packaging and application systems at the PPG display in Hall 2b at Stand C105. The International Paris Air Show is June 19-25. PPG's global aerospace business offers coatings, sealants, transparencies, packaging and application systems, and transparent armor, as well as chemical management and other services. For more information, visit www.ppgaerospace.com.
PPG: WE PROTECT AND BEAUTIFY THE WORLD™
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 130 years. Through dedication and creativity, we solve our customers' biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $14.8 billion in 2016. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc.
Semco is a registered trademark of PRC-DeSoto International, Inc.

Media Contacts:
Audrey Fujimoto
PPG
+1-818-741-1685
[email protected]
www.ppgaerospace.com
Jean Verlich
JV Communications
+1-724-916-4558
[email protected]

PPG Industries Inc. published this content on 19 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 June 2017 20:36:04 UTC.

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Financials ($)
Sales 2017 14 711 M
EBIT 2017 2 108 M
Net income 2017 1 611 M
Debt 2017 2 412 M
Yield 2017 1,48%
P/E ratio 2017 18,46
P/E ratio 2018 17,19
EV / Sales 2017 2,13x
EV / Sales 2018 2,11x
Capitalization 28 964 M
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PPG Industries, Inc. Technical Analysis Chart | PPG | US6935061076 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 123 $
Spread / Average Target 7,6%
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NameTitle
Michael H. McGarry Chairman & Chief Executive Officer
Vincent J. Morales Chief Financial Officer & Senior Vice President
David S. Bem CTO, Vice President-Science & Technology
Michele J. Hooper Independent Director
James G. Berges Independent Director
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