Air Products (APD) to Hike Prices for Epoxy Curing Agents - Analyst Blog

Air Products and Chemicals Inc. ( APD ) is set to increase the prices of select Ancamide, Ancamine, Anquamine, Anquawhite, and Sunmide epoxy curing agents, as well as select Nourybond adhesion promoters by up to 20 cents per kilogram, effective Sep 1, 2014. The price increase is aimed at recovering higher operating and raw material costs.

Air Products continues to focus on offsetting the increasing costs of raw materials including the recent price hikes on tetraethylenepentamine, triethylenetetramine, and polyetheramines.

Air Products benefits from a diverse customer base, sustained pricing power and cost-reduction measures. New business deals and strategic investments are expected to support results in fiscal 2014. Moreover, the acquisition of a 67% stake in Chilean industrial gas company, Indura S.A., has ushered in substantial growth opportunity for Air Products.

Air Products provides atmospheric, process and specialty gases, performance materials, equipment; and technology. It not only strives to meet international industry standards, but also satisfies the most demanding requirements for specific products and superior technology and services.

Air Products expects its strategic actions, including productivity improvement, better asset utilization, disciplined project execution and cost management initiatives to drive earnings in fiscal 2014. Moreover, it remains committed to maximizing its shareholder return. The company anticipates stronger momentum in the second half of the year.

Air Products currently carries a Zacks Rank #3 (Hold).

Other better-ranked companies in the chemicals space worth considering include Celanese Corporation ( CE ), Johnson Matthey Plc. ( JMPLY ) and LyondellBasell Industries NV ( LYB ). All of them hold a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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