Chemical and advanced materials maker Celanese Corporation (CE) announced that it will be showcasing its various product offerings for coatings and adhesives manufacturers at the ChinaCoat 2013 international exhibition. Celanese will feature its broad range of vinyl acetate ethylene (VAE), pure acrylic, vinyl acrylic and styrene acrylic emulsions, for use in adhesives and architectural interior and exterior paints. The move is aimed at boosting growth in China and other Asian markets.
Celanese will display its EcoVAE line of VAE emulsions that are specifically designed for the formulation of low-odor, low-volatile organic compounds (VOC) for architectural coatings. Celanese Emulsions have been at the forefront of technology which led environmental breakthroughs in the coatings industry. Celanese will also exhibit its VAE emulsions for use in waterproofing coatings, which are also low odor and low VOC.
Celanese will exhibit its Polysolvan O solvent for automotive paints. Polysolvan O is used primarily as a paint additive and a highly effective flow agent because of its low volatility.
Celanese also offers a wide range of emulsions used in industrial adhesives for paper packaging and converting as well as woodworking. The company will feature the Celvolit VAE emulsions, which have low odor and low residual monomer levels making them suitable for food packaging, tobacco production and cartons. They are extensively used in paper packaging and provide ease of formulation and good machinability.
Celanese’s Ateva EVA polymers offer a wide range of melt index and vinyl acetate content and are recognized globally for their versatility and quality.
Celanese released its third-quarter 2013 results last month. The company’s adjusted earnings (excluding one-time items) of $1.20 per share beat the Zacks Consensus Estimate of $1.15. Earnings (as reported) from continuing operation were $1.07 per share in the quarter, up roughly 34% from 80 cents recorded a year ago.
Sales in the quarter were $1,636 million, up 1.7% year over year, but missed the Zacks Consensus Estimate of $1,643 million.
Celanese currently carries a Zacks Rank #3 (Hold).
Other companies in the chemical industry worth considering include Methanex Corp. (MEOH), Asahi Kasei Corp. (AHKSY) and BASF SE (BASFY). While Methanex and Asahi Kasei hold a Zacks Rank #1 (Strong Buy), BASF carries a Zacks Rank #2 (Buy).
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