Chemical maker Celanese Corporation (CE) said that it will feature its highly-diversified product range at the K Trade Fair (K 2013) scheduled to be held in Dusseldorf, Germany, in Oct 2013. The company’s solutions are geared to aid in driving innovation in mobility, water, energy and infrastructure, healthcare and consumer products.
Celanese will showcase its material solutions, at the K Trade Fair, under the theme “Celanese – The chemistry inside innovation”. Ticona, the company’s engineering polymers business, has a rich history of featuring innovative products and applications at the K Trade Fair.
Visitors at K 2013, will have an opportunity to witness a comprehensive range of Celanese offerings – from advanced materials to consumer specialty products – which have leading positions in industries it serves globally.
Products to be displayed are Ticona engineering polymers including Celanex thermoplastic polyester (PBT), Celstran/Factor/Compel long fiber reinforced thermoplastics (:LFRT), Celstran CFR-TP and Fortron polyphenylene sulfide (PPS); Clarifoil thermoform film; emulsion polymers; EVA performance polymers, and Acetate Products.
Celanese is among the world’s largest producers of acetyl products as well as the leading global producer of high-performance engineered polymers.
Celanese’s first-quarter 2013 adjusted earnings, reported on Apr 18, outpaced the Zacks Consensus Estimate, but sales missed the expectations. While Celanese envisions challenging economic conditions to sustain, it expects earnings to rise on the back of company-specific initiatives.
Celanese has taken up cost-cutting measures and the necessary steps to run its plants better to counter weak demand. It is aggressively expanding capacity in the emerging Asian markets. The company's expansion initiatives in China are expected to support earnings growth.
Celanese currently carries a Zacks Rank #3 (Hold).
Other companies in the chemical industry worth considering are Arkema S.A. (ARKAY), Cytec Industries Inc. (CYT) and FMC Corp. (FMC). All of them hold a Zacks Rank #2 (Buy).
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