) recently said that Finland-based leading light-emitting diode
(LED) lighting systems maker, Kruunutekniikka Oy, has chosen its
Therma-Tech thermal management solutions as a replacement to
aluminum in the latter's Coolics LED light fixtures. The specialty
polymer materials maker noted that its solutions will allow
Kruunutekniikka Oy to optimize its manufacturing processes and
POLYONE CORP (POL): Free Stock Analysis Report
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LEDs are better alternatives to other lighting options, such as
fluorescent and incandescent bulbs, as they save energy by 30%-80%
and releases less heat. However, effective management of the heat
generated by LEDs is critical in retaining useful life and energy
The Therma-Tech thermal management solutions effectively manages
heat and offers design flexibility, lower weight and processing
ease of traditional thermoplastics, thereby enabling users to
achieve their manufacturing efficiency targets. Adoption of these
metal-replacement solutions have been growing for applications in
thermal management components including the socket, cooling heat
sink, transfer pad and LED lighting fixtures.
Cleveland, Ohio-based PolyOne is a leading provider of specialized
polymer materials, services and solutions. The company, which
has annual sales of $2.9 billion, has operations across the
PolyOne, in July, posted second-quarter 2012 adjusted earnings of
37 cents a share, topping the Zacks Consensus Estimate of 33 cents
and exceeding the year-ago earnings of 31 cents. Revenues rose 3%
year over year to a record $792 million. The results were boosted
by the contributions of the acquisition of ColorMatrix Group, Inc.
The company saw higher margins across North America and Asia in the
PolyOne, in December 2011, acquired ColorMatrix, a highly
specialized company with a leading market position in liquid
colorants. The acquisition allowed the company to harness its
potential in the specialty business and expand globally.
Despite a weak European economy, PolyOne continues to expect to
deliver record adjusted earnings per share in 2012 on the back of
its strong execution and synergies of ColorMatrix acquisition. The
company will report its third quarter results on October 25.
PolyOne currently retains a Zacks #3 Rank, which translates into a
short-term Hold rating.