), a leading manufacturer of cleaning and sanitation products,
rolled out its latest Performance Industrial Laundry Program.
This eco-friendly program will be used in industrial laundries in
a cost effective manner.
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Most of the industrial detergents are made from a Nonylphenol and
Nonylphenol Ethoxylates (NPEs) compound, which is harmful to the
environment. Thus, many healthcare and hospitality laundries are
trying to avoid using such chemicals.
Hence, Ecolab's Global Textile Care business has introduced this
NPE-free chemistry program, which is capable of removing
industrial soils efficiently and provide exceptional cleaning.
The Performance Industrial Program also helps conserve water and
energy, thereby reducing the customer's overall operational
costs. Management claims that the program can save up to 3
million gallons of water annually for an industrial laundry
St. Paul, Minn.-based Ecolab serves the foodservice, food and
beverage processing, healthcare and hospitality markets in the
U.S. and abroad. The Global Textile Care business is a new
operating unit created in 2013 by Ecolab as a part of its
restructuring program to focus on global businesses.
We are encouraged by the company's consistent performance of
delivering double-digit earnings growth despite the challenging
business environment. Ecolab remains focused on bringing new
technologies into the market. Moreover, the company is
aggressively pursuing acquisitions to expand into emerging
markets for growth.
Ecolab currently has a Zacks Rank #3 (Hold). Other companies from
the basic materials sector such as
International Paper Company
Prospect Global Resources, Inc.
) warrant a look. While Balchem and International Paper are a
Zacks Rank #1 (Strong Buy) stock, Prospect carries a Zacks Rank