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  "documentTitle": "GCP Applied Technologies (GCP)",
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      "kind": "callout",
      "text": "GCP needs to invest in its pioneering product and differentiate it from competitors.",
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      "text": "We believe GCP needs to adopt a more aggressive approach to product innovation in its SBM segment. Sika is a perfect example of how GCP can win by listening to its customers and delivering on innovation.",
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      "text": "Our major challenge is with our project-driven Building Envelope business. As a reminder, this business specializes in large, complex commercial and infrastructure projects. In the second quarter, there were less of these projects, particularly in New York and California, which had a negative impact on SBM's volumes.",
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      "text": "Also new customers that we won last year in North America, some significant customers, I must say. Cannot mention the names, of course, here in the concrete business, but also in the waterproofing business, for example, we will see these sales coming through now this year.",
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      "text": "\"Also new customers that we won last year in North America, some significant customers, I must say. Cannot mention the names, of course, here in the concrete business, but also in the waterproofing business, for example, we will see these sales coming through now this year.\" — Sika February 22, 2019 Earnings Call; \"Our major challenge is with our project-driven Building Envelope business. As a reminder, this business specializes in large, complex commercial and infrastructure projects. In the second quarter, there were less of these projects, particularly in New York and California, which had a negative impact on SBM's volumes.\" — GCP August 7, 2019 Earnings Call",
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      "text": "GCP Peer Sika Has Taken Market Share by Focusing on Continuously Launching New Products",
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