Eastman Chemical Company
) announced that its subsidiary, Solutia Inc., has received the
"Technology of the Year" award from the Association of
International Metallizers, Coaters and Laminators (AIMCAL) for
its EnerLogic VEP35 low-e window film. Among the innovations and
advances made in the industry, the AIMCAL award is bestowed to
the most important new technology, which has an impact on the
converting industry or the consuming market.
Eastman Chemical's EnerLogic VEP35 also won the Technical award
in the Other Category in AIMCAL's Vacuum Metallized or Coated
Product Competition. EnerLogic VEP35 delivers an emissivity of
0.07, a substantial improvement over the 0.33 emissivity rating
of the next best performing low-e film. It also helps in saving
energy by reducing solar heat gain in the summer and directing
radiant heat back into the room in the winter.
Eastman Chemical's EnerLogic VEP35 also boosts the window's
insulating ability, which is equal to adding a pane of glass at a
fraction of what a replacement window would cost. In fact, the
film delivers 92% more insulating performance. The film also
reduces heating, ventilation, and air conditioning (HVAC) costs,
control energy costs, and preserve views.
Eastman Chemical's diversified chemical portfolio, along with its
integrated and diverse downstream businesses remains its
strength. In Jan 2013, Eastman Chemical released its
fourth-quarter 2012 results. The company slipped to a loss in the
quarter hurt by losses related to pension benefit and other
Adjusted earnings, however, matched the Zacks Consensus
Estimate. Revenues rose at a double-digit clip riding on the
contributions of Solutia acquisition, but missed the Zacks
Eastman Chemical benefits from business restructuring,
cost-cutting measures and increased capacity additions. However,
the company remains exposed to weak pricing. Uncertainty
regarding the timing of a recovery in Europe also remains as
Eastman Chemical currently maintains a Zacks Rank #2 (Buy).
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). All of them hold a Zacks Rank #2 (Buy).