Air Products and Chemicals Inc.
), a global leader in polyurethane additives, is set to increase
the price of its polyurethane additives products by 5%, effective
Aug 15, 2014. The increase in prices is effective for all
polyurethane additives including Dabco, Polycat, and Versalink
products in North America, South America and South Africa. The
price increase is aimed at recovering higher operating and raw
Air Products continues to focus on reducing costs, lowering supply
chain risk and achieving sustainability goals, which are vital for
reuse and recovery.
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 #4 (Sell).
Other better-ranked companies in the chemical space worth
Marrone Bio Innovations, Inc.
Cytec Industries Inc.
). While Marrone Bio Innovations sports a Zacks Rank #1 (Strong
Buy), Ashland and Cytec Industries hold a Zacks Rank #2 (Buy).
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