Chemical and industrial products behemoth
E. I. du Pont de Nemours and Company
) has joined Fiber-Line Inc. to offer new protective solutions in
an effort to improve global connectivity. Fiber-Line makes
high-performance fibers and specialty coatings for a host of
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Under the collaboration, Fiber-Line has unveiled a range of cable
components for broadband communications and above-ground
installations leveraging the strength, flexibility and lightweight
protection of DuPont's innovative Kevlar fibers. Powered by its
proprietary Swellcoat technology, Fiber-Line's new solutions will
eliminate water penetration, thereby ensuring uninterrupted,
reliable communication flow.
The partnership builds on a long-standing relationship between the
companies. Fiber-Line's products for above-ground cables are made
with the Kevlar AP next-generation fibers, which provide 15% more
strength and 15% less stretch to the cable.
Fiber optic cables, used primarily for broadband and other telecom
applications, represent more than half of the Kevlar fibers used by
Fiber-Line. According to Fiber-Line, the fiber optic cable industry
is growing more than 30% annually in major growth markets such as
Russia, Latin America and China.
DuPont continues to explore new opportunities in new and existing
markets. Moreover, it remains committed to providing differentiated
and innovative products to its customers thereby increasing its
On April 19, the company reported mixed first-quarter 2012 results.
Earnings of $1.61 per share exceeded the Zacks Consensus Estimate
of $1.55. Revenues jumped 12% year over year to $11,230 million,
yet missed the Zacks Consensus Estimate. The Danisco acquisition,
along with strong agriculture sales, boosted earnings in the
DuPont remains on track to achieve its fixed cost productivity
targets of $1 billion by 2012. However, higher raw material, energy
and freight costs remain a concern. The company is also subject to
currency headwinds as it deals with international markets.
DuPont, which competes with
The Dow Chemical Company
), maintains a short-term Zacks #3 Rank (Hold). We currently have a
long-term Neutral recommendation on the stock.