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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Akzo Nobel NV | EU:AKZA | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.24 | 2.01% | 62.92 | 62.60 | 63.60 | 63.70 | 61.88 | 61.88 | 672,916 | 16:50:00 |
Sherwin-Williams Co. plans to introduce on Wednesday a paint it says kills five kinds of bacteria that can spread disease.
Sales of the paint, dubbed Paint Shield, are expected to begin in the first quarter of 2016, and Sherwin expects to focus much of the initial marketing on hospitals, nursing homes, other health-care facilities and schools, said Steve Revnew, senior vice president of product innovation at Sherwin. The company said it also hopes to find demand for the paint from day-care centers, cruise ships and homeowners.
The paint contains a quaternary ammonium compound commonly used for fighting bacteria. The Cleveland-based paint maker and retailer said its innovation was finding a way to stabilize the compound in paint.
Sherwin says the paint kills virtually all Staphylococcus aureus, methicillin-resistant Staphylococcus aureus, E. coli, vancomycin-resistant Enterococci and Enterobacter aerogenes after two hours of exposure on a painted surface.
PPG Industries Inc., based in Pittsburgh, sells paints and other coatings that inhibit the growth of mold and mildew, a spokeswoman said. PPG also offers antimicrobial coatings for use in hospitals, restaurants and laboratories, among other settings, she said, describing them as "small niche" products.
Another global paint maker, Amsterdam-based AkzoNobel NV, sells antibacterial paints in various markets under such names as Dulux Sterishield and Dulux Guardian.
Sherwin plans to price its new paint at $84.99 a gallon. Contractors will be able to get volume discounts. Sherwin said the paint would be available only at its own stores.
Write to James R. Hagerty at bob.hagerty@wsj.com
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(END) Dow Jones Newswires
October 28, 2015 08:35 ET (12:35 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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