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Dow Electronic Materials, a unit of The Dow Chemical Company (DOW - Analyst Report), will launch its new range of advanced solutions for printed circuit board (PCB) fabrication at the 2013 Productronica show scheduled to be held at the New Munich Trade Fair Center in Germany from Nov 12-15.

The new products are uniquely designed with critical technologies that enable miniaturization of next generation devices and provide high performance and reliability at reduced costs and improved environmental profile.

Dow will be exhibiting advanced PCB solutions to address key industry applications, including electrolytic plating, electroless plating, solderable final finishes and imaging.

Under electrolytic plating, the products offered include MICROFILL THF-100 Electrolytic Copper, MICROFILL LVF 3 Acid Copper, ELECTROPOSIT 1400 Electrolytic Copper and COPPER GLEAM ST-920 Electrolytic Copper. All these products cater to the high-density interconnection, high performance, attaining reliability and cost reduction requirements of the customers.

CIRCUPOSIT HOLE PREP 4126 Sweller is offered under Electroless Plating. It is a unique solvent swell product with improved resin removal rates across many inert base materials, allowing cleaner hole walls and enhanced adhesion levels, minimizing failures and improving reliability.

Two products offered under solderable final finishes are DURAPOSIT SMT-810 Electroless Nickel and AUROLECTROLESS SMT-530 Immersion Gold. While DURAPOSIT offers longer bath life with improved deposit uniformity, AUROLECTROLESS provides higher gold deposition on Palladium for gold wire bonding on Electroless Nickel Electroless Palladium Immersion Gold (ENEPIG) finishes.

The LITHOJET 200 series inks under imaging application are a new UV-curable acrylic hybrid that enhances yield and quality at reduce manufacturing costs.

Dow posted its third-quarter 2013 results on Oct 24. The company’s profit of $594 million or 49 cents a share in the quarter increased 20% from $497 million or 42 cents a share registered a year ago. The increase resulted from improved performances across agriculture, coatings and plastics businesses and healthy gains from emerging markets.

Barring costs associated with its restructuring program, Dow earned 50 cents a share in the quarter. That, however, missed the Zacks Consensus Estimate by 4 cents.

Revenues crept up roughly 1% year over year to $13,734 million in the reported quarter as gains across agricultural sciences, coatings, performance plastics and electronics were offset by declines in performance materials and feedstocks and energy. Sales in emerging markets rose 5%. However, revenues missed the Zacks Consensus Estimate of $13,946 million.

Dow continues to focus more on attractive end-user markets and cut its exposure in non-strategic markets amid a challenging business environment. The company will continue to pursue its cost reduction and efficiency programs while reducing debt, improving cash flows and maximizing shareholder returns.

Dow currently carries a Zacks Rank #3 (Hold).

Other companies in the chemical industry worth considering are Asahi Kasei Corporation (AHKSY), Methanex Corporation (MEOH - Analyst Report) and E. I. du Pont de Nemours and Company (DD - Analyst Report). While Asahi Kasei and Methanex both carry a Zacks Rank #1 (Strong Buy), DuPont retains a Zacks Rank #2 (Buy)..
 

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