) 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
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
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
Compass Minerals International Inc.
L'Air Liquide SA
Koninklijke DSM N.V.
). While Compass Minerals carries a Zacks Rank #1 (Strong Buy),
both L'Air Liquide and Koninklijke DSM hold a Zacks Rank #2
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
CELANESE CP-A (CE): Free Stock Analysis Report
AIR LIQUIDE-ADR (AIQUY): Get Free Report
COMPASS MINERLS (CMP): Free Stock Analysis
KONINKLIJKE DSM (RDSMY): Get Free Report
To read this article on Zacks.com click here.