Specialty chemicals maker
) has partnered with Finnish pulp and paper maker UPM to develop
and market products containing the latter's Biofibrils
Biofibrils is a novel biomaterial which is based on micro or
nano sized cellulose fibrils and can be used for shaping
materials and giving them new characteristics. For instance, it
can be utilized to improve the quality and performance of range
of polymer products including coatings and construction
materials, home and car care products and energy drilling
Under the pact, Ashland and UPM will collectively study the
application of biofibrils in a vast range of industrial
application opportunities. The collaboration will see the union
of two companies with extensive expertise in cellulose
technology. The integration of UPM's biofibrils technology with
Ashland's expertise in microfibrillar cellulose technology will
enable the entities to offer new products and functionalities to
Ashland makes nickel and cobalt-based alloys in sheet, coil
and plate forms.
Its Consumer Markets segment markets Valvoline, the world's
first lubricating oil. The company also operates the Valvoline
Instant Oil Change, the nation's second-largest franchised
quick-lube chain with roughly 870 locations. Ashland offers
specialty chemicals in more than 100 countries.
Ashland, in April, reported second-quarter fiscal 2013 (ended
Mar 31, 2013) adjusted earnings (excluding one-time items) from
continuing operation of $1.78 per share, outshining the Zacks
Consensus Estimate of $1.56.
Profit from continuing operations, as reported, fell roughly
39% year over year to $55 million of 68 cents a share. Revenues
fell 5% year over year to $1,974 million, missing the Zacks
Consensus Estimate of $2,057 million. The company was challenged
by weakness across a number of key regions, especially Europe. It
witnessed lower sales across each of its business segments in the
quarter on lower demand.
Ashland currently carries a short-term Zacks Rank #3
Other companies in the chemical industry that are worth
Shin-Etsu Chemical Co., Ltd.
). While Shin-Etsu Chemical and Methanex retain a Zacks Rank #1
(Strong Buy), FMC holds a Zacks Rank #2 (Buy).
ASHLAND INC (ASH): Free Stock Analysis Report
FMC CORP (FMC): Free Stock Analysis Report
METHANEX CORP (MEOH): Free Stock Analysis
SHIN-ETSU CHEM (SHECY): Get Free Report
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