DowDuPont Inc.’s DWDP Specialty Products Division has introduced DuPont Kalrez 9600, an innovative perfluoroelastomer compound. The product has been designed to meet the needs of the semiconductor fabricating industry.
The well-balanced, high-purity perfluoroelastomer product offers longer seal life through enhanced performance properties in an array of aggressive and emerging high-temperature plasma applications. Based on a proprietary cross-linking system, it has shown excellent ozone, ammonia, fluorine and oxygen radical resistance as well as ultralow outgassing and outstanding thermal stability.
The product is best suited for plasma deposition applications such as atomic layer deposition and chemical vapor deposition, as well as etches processes used to fabricate next-gen chips in the semiconductor industry.
Kalrez 9600 is an addition to DowDuPont’s portfolio of high-performance materials and is available in a broad range of standard O-ring sizes and custom parts, including bonded door seals for a variety of sealing applications.
DowDuPont has underperformed the industry it belongs to over the last three months. The company’s shares have moved up around 7.7% over this period, compared with roughly 10.9% gain recorded by the industry.
DowDuPont, during third-quarter 2017 earnings call, said that demand outlook remains positive for most of its key end-markets. It will remain focused on executing its near-term priorities that include delivering earnings and cash flow growth, executing its $3-billion cost synergy initiatives and advancing activities to create three growth companies in Agriculture, Materials Science and Specialty Products.
DowDuPont also declared it will take actions to enable cost savings of $3 billion. These include workforce reductions, buildings and facilities consolidations and select asset shutdowns. DowDuPont recorded pre-tax charges of $180 million in third-quarter 2017 in connection with the actions that are approved so far. It expects to record total pre-tax charges of around $2 billion, with around $1 billion expected in fourth-quarter 2017.
DowDuPont currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Ingevity Corporation NGVT, Koppers Holding Inc. KOP and Westlake Chemical Corporation WLK, all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ingevity has expected long-term earnings growth of 12%. Its shares have gained 42.6% year to date.
Koppers has expected long-term earnings growth of 18%. Its shares have rallied 23.5% year to date.
Westlake Chemical has expected long-term earnings growth of 10.6%. Its shares have moved up 71.6% year to date.
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