PPG Launches HI-GARD Non-Methanol Coating Complying With Regulations

Core Insights - PPG Industries has introduced the PPG HI-GARD Non-Methanol hard coating for 1.5 standard index ophthalmic lenses, providing a durable alternative to traditional methanol-based coatings [1][7] - The new formulation aligns with evolving regulations on methanol use, ensuring compliance and enhancing workplace safety by eliminating toxic elements [1][3] Product Features - The new coating includes a non-methanol replenishment solvent that optimizes viscosity during manufacturing and is compatible with existing hard coating systems, facilitating a seamless transition for lens manufacturers [2][7] - The product supports various lens applications with low color and tintable variants, allowing customers to reduce personal protective equipment requirements when working with methanol-based coatings [2] Company Strategy - PPG is leveraging over 70 years of expertise in the optical sector to focus on sustainability and compliance while driving innovation in its product offerings [3] - The company plans to expand its non-methanol coating portfolio to include differentiated products for additional refractive indices, reinforcing its leadership in sustainable optical technologies [3] Market Performance - PPG's shares have declined by 14.3% over the past year, contrasting with a 4.6% decline in the industry [4]