) announced that it will feature its automotive composite solutions
at the Society of Plastics Engineers Automotive Composites
Conference & Exhibition (SPE ACCE) from Sep 9-11 in Novi, MI.
The company will make presentations featuring advances in
thermoplastics and composites, while enabling technologies for
Celanese will emphasize on thermoplastic solutions for
continuous-fiber composites used in light and tough components that
can reduce weight, bring down costs and execute in extreme
environments. Automakers, under the current circumstances are bound
to reduce weight and emissions, along with increasing fuel
efficiency. Celanese, with its experience and expertise in
engineered materials, enables manufacturers to optimize next
generation vehicles and improve performance in order to meet the
Celanese posted forecast-topping results for second-quarter 2014 on
Jul 17. Both revenues and adjusted earnings for the quarter topped
the Zacks Consensus Estimates. Profit jumped year over year on
higher margins across most businesses.
The company raised its earnings growth forecast for 2014 to 15% to
17% from 12% to 14% expected earlier. Earnings are expected to be
driven by company-specific initiatives including innovation of new
products and enhancement of efficiencies through productivity.
Celanese has taken up cost-cutting measures and the necessary steps
to run its plants better and counter weak demand. It is
aggressively expanding its capacity in the emerging Asian markets.
The company's expansion initiatives in China are expected to
support earnings growth. Celanese's integrated chemical complex in
Nanjing, China, serves as a base for expansion in Asia, supporting
the region's increasing demand.
Celanese is a Zacks Rank #2 (Buy) stock.
Other companies in the chemical space with favorable Zacks Rank
include LyondellBasell Industries NV (
), Valhi Inc. (
) and Johnson Matthey plc. (
). All of these stocks hold a Zacks Rank #2 (Buy).
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