) declared that it will raise the price of acrylic-based
emulsions- pure acrylic and styrene acrylic emulsions - by up to
4 cents per wet pound and vinyl acrylic emulsions by up to 2
cents per wet pound in the Americas. The price hike will be
effective Sep 30, 2013, or as per the contracts.
The price hike will affect all applications where pure acrylic
and styrene acrylic emulsions and vinyl acrylic emulsions are
used including, but not limited to, in the adhesives, paints and
coatings, building and construction, nonwovens, glass fiber,
carpet, paper and textiles.
Earlier to this, Celanese had increased the price of pure acrylic
and styrene acrylic emulsions by up to 8 cents per wet pound and
vinyl acrylic emulsions by up to 3 cents per wet pound in the
Americas on Jan 25, 2013. The price hike was effective from Feb
18, 2013 or as per the contracts.
Celanese's styrene acrylic copolymer emulsions are used in
numerous industrial and consumer end-use applications, including
in architectural decorative coatings, construction products like
ceramic tile adhesives, fillers, putties and elastomeric roof
coatings and glass-fiber secondary binder applications, like wall
Celanese uses pure acrylic emulsions in the formulation of the
industrial and consumer end-use products including architectural
decorative coatings for interior and exterior use, industrial
coatings, including wood stains, window frame coatings, furniture
and parquet varnishes, metals and plastic coatings, building
materials and glass-fiber secondary binders for tissues and
Celanese made vinyl acrylic emulsions are used in
architectural paints and coatings, non-woven, engineered fabrics,
paper saturation for industrial and consumer end-use
Celanese posted its second-quarter 2013 results on Jul 18.
Both revenues and adjusted earnings for the quarter missed the
Zacks Consensus Estimate. Celanese expects challenging economic
conditions to continue through 2013, but expects earnings to rise
on the back of company-specific initiatives.
Celanese has taken up cost-cutting measures and the necessary
steps to run its plants more efficiently to counter weak demand.
Moreover, it is aggressively expanding capacity in the emerging
Asian markets. The company's strong presence in emerging markets
should enable it to deliver incremental earnings in 2013.
Celanese currently has a Zacks Rank #3 (Hold).
Other chemical companies having a favorable Zacks Rank are
Eastman Chemical Co.
). All of them carry a Zacks Rank #2 (Buy).
AKZO NOBEL NV (AKZOY): Get Free Report
CELANESE CP-A (CE): Free Stock Analysis
EASTMAN CHEM CO (EMN): Free Stock Analysis
FERRO CORP (FOE): Free Stock Analysis Report
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