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Celanese Ups Acrylic Emulsions Prices - Analyst Blog
9/18/2013 12:19:00 PM
) declared that it will raise the price of acrylic-based
emulsions- pure acrylic and styrene acrylic emulsions - by up to
4 cents per wet pound and vinyl acrylic emulsions by up to 2
cents per wet pound in the Americas. The price hike will be
effective Sep 30, 2013, or as per the contracts.
Celanese's styrene acrylic copolymer emulsions are used in numerous industrial and consumer end-use applications, including in architectural decorative coatings, construction products like ceramic tile adhesives, fillers, putties and elastomeric roof coatings and glass-fiber secondary binder applications, like wall coverings.
Celanese uses pure acrylic emulsions in the formulation of the industrial and consumer end-use products including architectural decorative coatings for interior and exterior use, industrial coatings, including wood stains, window frame coatings, furniture and parquet varnishes, metals and plastic coatings, building materials and glass-fiber secondary binders for tissues and veils.
Celanese made vinyl acrylic emulsions are used in architectural paints and coatings, non-woven, engineered fabrics, paper saturation for industrial and consumer end-use applications.
Celanese posted its second-quarter 2013 results on Jul 18. Both revenues and adjusted earnings for the quarter missed the Zacks Consensus Estimate. Celanese expects challenging economic conditions to continue through 2013, but expects earnings to rise on the back of company-specific initiatives.
Celanese has taken up cost-cutting measures and the necessary steps to run its plants more efficiently to counter weak demand. Moreover, it is aggressively expanding capacity in the emerging Asian markets. The company's strong presence in emerging markets should enable it to deliver incremental earnings in 2013.
Celanese currently has a Zacks Rank #3 (Hold).
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