“We’re basically doing a month’s worth of work every week,” says Miller, who also has fewer employees available because of the virus. It’s also popular for creating displays at retail stores, many of which remain shuttered, and expos, many of which have been canceled. “We had residents who thought they wouldn’t see loved ones on their birthday, and we bring them together and there’s lots of tears.”, “Our production is running in four shifts around the clock.”. It's a good time to be in the plexiglass business. Despite this, experts believe the plexiglass industry may still suffer long-term due to the effects of the coronavirus on the overall economy — and the industry’s long-time customers. “Our production is running in four shifts around the clock,” says Yijing Shen, a marketer for Plexiglas. Builders FirstSource (BLDR) is at a 52-week high, but can investors hope for more gains in the future? Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. ), Many in the industry are working overtime. Katherine Sale, a senior editor at ICIS, a commodity intelligence service, says “sheet manufacturers are producing flat out to try and meet the demand” caused by the coronavirus, particularly at two of the largest producers, which are headquartered in Europe. And those sheets are now in high demand from nearly every industry. Miller says he hasn’t “seen anything even close to this” in his 40 years of working for TAP. These companies are all growing rapidly and will likely see double-digit earnings growth next year. Log in to see them here or sign up to get started. The report shows you the symbol's rank from the previous day's report. (Both brands also have operations in the U.S.). Manufacturers who can’t make plexiglass fast enough are fulfilling orders by making sheets from other transparent polymers like polycarbonate (PC) and polyethylene terephthalate-glycol (PET-G), notes Sale of ICIS, who says both are still suitable as protective shields. And what exactly is plexiglass, anyway? By using this site you agree to the The New Normal: This is your life 07:42. Plexiglass is being added in restaurants between booths, in nail salons to separate the nail techs and their clients, and in some movie theaters that plan to reopen next month. And those sheets are now in high demand from nearly every industry. All quotes are in local exchange time. By Mark Reeth , Contributor July 9, 2020 By Mark Reeth , … Intraday data delayed at least 15 minutes or per exchange requirements. Use of this site is subject to certain Terms Of Use. Spokespeople from both Perspex and Plexiglas say there are currently no issues creating or accessing raw materials. Products shown as available are normally stocked but inventory levels cannot be guaranteed, For screen reader problems with this website, please call 1-800-430-3376 or text 38698 (standard carrier rates apply to texts). PMMA (which we’ll refer to as plexiglass, for ease) is a rigid thermoplastic that’s a cheaper, shatterproof alternative to glass. Builders FirstSource (BLDR) Soars to 52-Week High, Time to Cash Out? Tecnoglass Announces Timing of Quarterly Cash Dividend for Second Quarter 2020, Tecnoglass to Attend Baird 2020 Virtual Global Consumer, Technology & Services Conference, Tecnoglass Reports First Quarter 2020 Results, Tecnoglass Sets Date for First Quarter 2020 Results, Tecnoglass Reports Fourth Quarter and Full Year 2019 Results. Davidson 19th Annual Diversified Industrials & Services Virtual Conference, Tecnoglass Announces Timing of Quarterly Cash Dividend for Third Quarter 2020, Tecnoglass to Attend Colliers 2020 Virtual Institutional Investor Conference, Tecnoglass to Attend Raymond James 2020 Virtual Diversified Industrials Conference, Tecnoglass Reports Second Quarter 2020 Results, Tecnoglass Sets Date for Second Quarter 2020 Results, Tecnoglass, Inc. is a holding company, which engages in the manufacture, supply, and installation of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries. Create a list of the investments you want to track. Plexiglass is made via polymerization — the monomer methyl methacrylate (MMA) reacts with a catalyst and is then molded into sheets. Have Watchlists? The product is used heavily in the construction industry, which has seen new projects halted. clear acrylic sheet glass sheet plexiglas acrylic sheets less than 15 in. In the U.K., the brand Perspex increased its acrylic sheet production by 300% from February to March. All Rights Reserved. “Our underlying business has suffered,” says Perspex’s spokesperson. If a Covid-19 vaccine isn’t discovered, plexiglass dividers could feasibly soon be everywhere from public parks to churches to commuter trains. “I won’t lie. TGLS or FAST: Which Is the Better Value Stock Right Now? The first pandemic-related products that the business created were clear boxes for hospitals that can be placed over patients’ heads to protect staff. We take a look at the company's fundamentals for clues. The days are long, the pressure is on, and stress is real.”, Yet plastic distributors are struggling to get their hands on plexiglass sheets that they in turn supply to local businesses. Copyright © 2020 MarketWatch, Inc. All rights reserved. The stuff, which was invented by British scientists in the 1930s and registered under the trade name Perspex, is favored in medical settings because it has a high resistance to weathering and is not damaged by chemical cleaners. Builders FirstSource (BLDR) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes. Jason Reyes, a managing partner at Calson Management, a California-based senior living provider, has spent nearly $3,000 on plexiglass in the last month. While plexiglass sheet manufacturers often have their own distribution teams, they also sell the product to other distribution companies who fabricate, laser-cut, bend, and form plastic for their own customers’ specifications. Subscriber Agreement & Terms of Use Plexiglass is made via polymerization — the monomer methyl methacrylate (MMA) reacts with a catalyst and is then molded into sheets.

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