Air Products and Chemicals Inc.
) is set to increase the prices of select Ancamide, Ancamine,
Anquamine, Anquawhite, and Sunmide epoxy curing agents, as well as
select Nourybond adhesion promoters by up to 20 cents per kilogram,
effective Sep 1, 2014. The price increase is aimed at recovering
higher operating and raw material costs.
Air Products continues to focus on offsetting the increasing
costs of raw materials including the recent price hikes on
tetraethylenepentamine, triethylenetetramine, and
Air Products benefits from a diverse customer base, sustained
pricing power and cost-reduction measures. New business deals and
strategic investments are expected to support results in fiscal
2014. Moreover, the acquisition of a 67% stake in Chilean
industrial gas company, Indura S.A., has ushered in substantial
growth opportunity for Air Products.
Air Products provides atmospheric, process and specialty gases,
performance materials, equipment; and technology. It not only
strives to meet international industry standards, but also
satisfies the most demanding requirements for specific products and
superior technology and services.
Air Products expects its strategic actions, including
productivity improvement, better asset utilization, disciplined
project execution and cost management initiatives to drive earnings
in fiscal 2014. Moreover, it remains committed to maximizing its
shareholder return. The company anticipates stronger momentum in
the second half of the year.
Air Products currently carries a Zacks Rank #3 (Hold).
Other better-ranked companies in the chemicals space worth
considering include Celanese Corporation (
), Johnson Matthey Plc. (
) and LyondellBasell Industries NV (
). All of them hold a Zacks Rank #2 (Buy).
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