Eastman Chemical Company
) recently received recognition from a number of leading
industry, business and trade publications for its strong
The company was drafted into the Bloomberg Businessweek Top 50,
which lists the S&P 500 companies with the best recent
performance and outlook for the future. Eastman Chemical stood
seventh on the list. The listing was done based on several
factors including one-year and five-year risk-adjusted returns,
consensus analyst recommendations, and projected earnings growth.
Chemical & Engineering News also acknowledged Eastman
Chemical as the "Company of the Year" for the acquisition of
Solutia Inc. The acquisition of Solutia represents a significant
step toward attaining the company's goal of boosting its presence
in the emerging markets.
In particular, the acquisition will significantly accelerate
Eastman Chemical's growth efforts and offer excellent growth
opportunities in Asia Pacific. By leveraging infrastructure in
the region, Eastman Chemical expects to have a compound annual
growth rate of roughly 10% in Asia Pacific for the next several
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Institutional Investor also voted Eastman Chemical as one of the
"Most Honored Companies" in a survey of buy-side and sell-side
analysts. The company`s Chairman and CEO Jim Rogers was
named among the Top 40 Power Players by ICIS, the largest
petrochemical market information provider globally.
Eastman Chemical's diversified chemical portfolio along with its
integrated and diverse downstream businesses remains its
strength. It also benefits from business restructuring,
cost-cutting measures and increased capacity additions
Eastman Chemical currently holds a Zacks Rank #2 (Buy).
Other companies in the chemical industry worth considering are
Akzo Nobel NV
) with all retaining a Zacks Rank #1 (Strong Buy).