Houston, Texas-based, Fortune 500 company,
MRC Global Inc.
), recently inked a contract with another Texas-based Fortune 500
), to provide pipe, valve and fittings (PVF). The contracts spans
across five years, however, the contract value has been kept
This contract is an extension of the strong domestic
relationship between the two companies which has now been made
international. The contract obligates MRC Global to provide PVFs
for the maintenance, repair and operations (MRO) to Celanese's
worldwide operations. In addition to this, MRC Global is also
required to cater to Celanese's traditional distribution, project
services and on-site materials management.
Celanese is a global provider of acetyl products, which are
the intermediate chemicals used in almost every industry like
filter media, paper and packaging, construction, food and
beverage, to name a few. A tie-up with such a company can prove
beneficial for MRC Global in terms of revenue generation as well
as global reach.
MRC Global announced that it intends to release its
second-quarter 2013 results on Aug 1, 2013, after the close of
market. The Zacks Consensus Estimate stands at 41 cents,
indicating a year-over-year increase of 4.36%.
MRC Global is a provider of pipe, valve and fittings,
primarily to the energy markets. However, it now plans to
strengthen its presence in the chemicals industry worldwide. MRC
Global serves more than 18,000 customers, with the help of
roughly 400 locations across North America, Europe, Asia and
MRC currently carries a Zacks Rank #5 (Strong Sell). However,
there are many other stocks in the pipe and tube industry that
are performing better than MRC.
Mueller Water Products, Inc.
), carrying a Zacks Rank #1 (Strong Buy) and
Valmont Industries, Inc.
) carrying a Zacks Rank #2 (Buy), look attractive and are worth
CELANESE CP-A (CE): Free Stock Analysis
MRC GLOBAL INC (MRC): Free Stock Analysis
MUELLER WATER (MWA): Free Stock Analysis
VALMONT INDS (VMI): Free Stock Analysis
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