Celanese to Showcase Fortron PPS - Analyst Blog

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Chemical company Celanese Corporation ( CE ) will showcase Fortron polyphenylene sulfide (PPS) productivity and processing properties for automotive applications at the ITB Automotive Engine Air and Cooling Systems 2014 conference on Jun 5 in Novi, MI.

Fortron PPS is a high-temperature semicrystalline polymer that provides high thermal stability, very high chemical resistance, stiffness, strength and creep resistance- including automotive/aircraft fuels and fluids, strong acids and bases (pH 2 to 12) - even at elevated temperatures of up to 240 degrees Celsius (464 degrees Fahrenheit). It is used to replace metals and thermosets in various automotive, electrical/electronics, aerospace, fluid handling, and industrial and consumer applications.

Celanese is a global chemicals and specialty materials company that engineers and manufactures an array of products essential for daily use. As a recognized product and process technology innovator, it helps to create applications that meet customer needs worldwide.


Celanese posted strong first-quarter 2014 results on Apr 21. It reported adjusted earnings (excluding one-time items) of $1.33 per share, up 16.7% from $1.14 per share reported in the year-ago quarter. The results surpassed the Zacks Consensus Estimate of $1.21 per share.

Profit from continued operations (as reported) came in at $1.25 per share in the first quarter, surging roughly 42% from 88 cents per share posted in the prior-year quarter.

Sales in the quarter were $1,705 million, up 6.2% year over year and ahead of the Zacks Consensus Estimate of $1,682 million.

Celanese currently carries a Zacks Rank #3 (Hold).

Other companies in the chemical space with a favorable Zacks Rank include Compass Minerals International Inc. ( CMP ), L'Air Liquide SA ( AIQUY ) and Koninklijke DSM N.V. ( RDSMY ). While Compass Minerals carries a Zacks Rank #1 (Strong Buy), both L'Air Liquide and Koninklijke DSM hold a Zacks Rank #2 (Buy).


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: PPS , CE , AIQUY , CMP , RDSMY

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