| Celanese to Feature Chemistry Solutions at PLASTINDIA - Analyst Blog | |
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Chemical and advanced materials maker, Celanese Corporation (CE) will exhibit a product portfolio designed to create customer value at PLASTINDIA 2015, one of Asia's largest plastics trade fairs, to be held in Gandhinagar, Gujarat, India, from Feb 5-10.
At PLASTINDIA 2015, Celanese will feature its wide portfolio of engineered materials and EVA (ethylene vinyl acetate) polymers solutions, which include materials for major industries like automotive, medical, industrial and composite goods. The products ensure cost efficiency, improved performance and environmental sustainability, thereby providing value to customers.
Celanese is well positioned in India to cater to the requirements of its customers. Celanese Chemical India believes that partnering with Celanese gives it the competitive edge when bringing new and innovative products and applications to market.
Previously, Celanese was represented by separate businesses. However, in Oct 2013, Celanese began the process of transitioning each of its businesses to a unified brand: “Celanese - The chemistry inside innovation.” The brand represents intrinsic knowledge about industry and chemistry, the capability to provide innovative tools to its customers and a commitment to partnerships to help its customers succeed.
Recently, Celanese posted record fourth-quarter 2014 adjusted earnings (excluding one-time items) of $1.28 per share, up 23% from $1.04 per share posted in the year-ago quarter. Also, adjusted earnings for the fourth quarter comfortably beat the Zacks Consensus Estimate of $1.19 per share. Earnings increased owing to higher response of the Acetyl Chain to industry requirements, higher productivity and strong commercial and manufacturing performance. Adjusted earnings for 2014 also reached a record of $5.67 per share, up 26% from $4.50 per share posted in 2013. The increase was driven by higher response of the Acetyl Chain to market demands and strength of the Materials business. Full year adjusted earnings also surpassed the Zacks Consensus Estimate of $5.60 per share. Celanese reported loss from continuing operations (as reported) of $82 million (54 cents per share) in fourth-quarter 2014 as against profit of $656 million ($4.16 per share) in the prior-year quarter. For 2014, Celanese reported net earnings of $624 million, down 43.3% from $1,101 million posted in 2013.
Celanese currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the diversified chemical space include Compass Minerals International Inc. (CMP), Innophos Holdings Inc (IPHS) and Olin Corp. (OLN), all sporting a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CELANESE CP-A (CE): Free Stock Analysis Report OLIN CORP (OLN): Free Stock Analysis Report COMPASS MINERLS (CMP): Free Stock Analysis Report INNOPHOS HLDGS (IPHS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Compass Minerals is a producing company based in United states of america. Compass Minerals is listed in United States of America. Its market capitalisation is US$ 286.5 millions as of today (€ 258.3 millions). Its stock quote reached its highest recent level on April 29, 2011 at US$ 98.10, and its lowest recent point on September 09, 2024 at US$ 8.47. Compass Minerals has 33 820 000 shares outstanding. |