Univar (UNVR) Chosen for Distribution of PIBs by Braskem
Univar Inc.’s UNVR subsidiary Univar BV announced that Braskem has appointed Univar as its Polyisobutylenes (PIBs) distributor in the Nordics, France, Italy and Turkey. In order to drive growth in marketplace, Braskem needed large-scale distribution capabilities and Univar is well qualified to provide the same.
Braskem is among the world's leading producers and suppliers of PIBs, as well as other polymers, including polypropylene, polyvinyl chloride and polyethylene.
The agreement is an expansion of Univar’s adhesives, lubricants and cosmetics portfolio which are designed to meet rising customer demand. The offering also provides access to technical experts focused on introducing improved product formulations for customers.
The partnership combines the strength of one of the world's larger PIB producers with Univar's strong distribution network and in-depth knowledge of industry and customer.
In a year’s time, shares of Univar have gained around 2.1% against the industry’s decline of 5.4%.
For 2018, Univar continues to expect adjusted EBITDA growth of low-double digits. Adjusted earnings per share for the year are projected in the range of $1.65-$1.85. Moreover, the company expects low double-digit growth in adjusted EBITDA for the third quarter.
Univar is focused on cutting costs, managing expenses and other productivity actions, which are helping it to boost margins. The company is likely to gain from its strategic initiatives, efficiency gains and investments.
Univar Inc. Price and Consensus
Univar Inc. Price and Consensus | Univar Inc. Quote
Zacks Rank & Stocks to Consider
Univar is a Zacks Rank #4 (Sell) stock.
A few better-ranked companies in the basic materials space are Trinseo S.A. TSE, CF Industries Holdings, Inc. CF and Celanese Corporation CE.
Trinseo has an expected long-term earnings growth rate of 12% and a Zacks Rank #1 (Strong Buy). The company’s shares have gained 16.1% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
CF Industries has an expected long-term earnings growth rate of 6% and a Zacks Rank #2 (Buy). The company’s shares have rallied 64% in the past year.
Celanese has an expected long-term earnings growth rate of 10% and a Zacks Rank #2. Its shares have risen 5.3% in a year’s time.
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