Chemical company Eastman Chemical Co. (EMN) has received EcoSpecifier Global GreenTag certification for its EnerLogic 35 low-e window film. EcoSpecifier Global GreenTag certification is a green product certification based on lifecycle assessment.
Eastman Chemical’s EnerLogic 35 was certified at the LCARate Gold Plus level when it was submitted for GreenTag certification by MEP Films in Australia. Impact on building operating expenses, personal and ecosystem health, local and global species, greenhouse gas emissions, and corporate responsibility were among the factors based on which EnerLogic 35 was rated.
Products that receive GreenTag rating also get Product Eco-Scorecards that exhibit the product’s lifecycle assessment and eco-point ratings, which are easily accessible for comparison or evaluation depending on the importance of a commercial building professional.
GreenTag certification awarded to Eastman Chemical is recognized by the U.S. Green Building Council’s LEED green building rating system and certain other global environmental rating systems, including BREEAM and the German Sustainable Building Council.
EnerLogic 35 low-e window film is designed to reduce solar heat gain and it provides thermal efficiency for existing windows in both warm and cool climates without significantly reducing the amount of daylight entering a building.
GreenTag certification on the EnerLogic 35 low-e window film makes it easy for building owners and professionals to choose from the eco-friendly products available in the market. GreenTag certification on the EnerLogic 35 low-e window film implies that all product information and data has been third-party certified.
Eastman Chemical reported mixed first-quarter 2013 results in Apr 2013, with adjusted earnings topping the Zacks Consensus Estimate but sales missing the same. Revenues rose at a healthy double-digit clip, driven by the contributions of Solutia acquisition. The company reaffirmed its earnings guidance for the full year.
Eastman Chemical’s diversified chemical portfolio along with its integrated and diverse downstream businesses remain its strength. It also benefits from business restructuring and cost-cutting measures.
Eastman Chemical should benefit from increased capacity additions. The company is also making progress in its growth initiatives through its joint venture in China for a 30,000-ton acetate tow manufacturing facility, which is expected to come online in third quarter 2013.
Eastman Chemical currently maintains a Zacks Rank #3 (Hold).
Other companies in the chemical industry with favorable Zacks Rank are Shin-Etsu Chemical Co., Ltd. (SHECF), Celanese Corporation (CE) and Methanex Corporation (MEOH). All of them hold a Zacks Rank #1 (Strong Buy).
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