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Celanese (CE) Inaugurates Customer Solution Center in Tokyo
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Celanese Corporation (CE - Free Report) has opened a new Customer Solution Center in Tokyo, Japan. This solution center will support the growth of its customers in Asia by advancing technical capabilities of product portfolio in the region and also allow close collaboration with customers in their selection of engineered materials and innovative polymer technologies.
The new center in Tokyo is expected to expand the company’s technology footprint enabling Celanese to bring its materials and chemicals solutions to Japanese customers in the early stages of product development.
Additionally, the center will offer computer-aided engineering system analysis and other analytical activities to help customers realize new materials solutions along with providing the expected collaborative support to its customers. It also showcases the company’s vast range of polymer product lines and technologies.
Prior to this, Celanese had positioned its other solution centers in Shanghai, China; Seoul, South Korea; Florence, KY, Auburn Hills, MI, Mexico City, Mexico; Frankfurt, Germany; and Forli, Italy.
Celanese has outperformed the industry over a year. The company’s shares have moved up around 28.2% over this period compared with roughly 20.6% gain recorded by the industry.
The company expects business and productivity momentum to offset fourth-quarter weakness. Celanese is optimistic that it can grow its adjusted earnings per share for 2017 toward the top end of its earlier announced guidance range of 9-11%.
Celanese’s strategic measures including operational cost savings through productivity actions and pricing initiatives are likely to lend support to its earnings in 2017. The company is also poised to gain from growth initiatives that include acquisitions. Moreover, Celanese remains focused on returning value to shareholders.
Kronos Worldwide has expected long-term earnings growth of 5%. Its shares have gained 111% year to date.
Koppers has expected long-term earnings growth of 18%. Its shares have rallied 20.5% year to date.
Westlake Chemical has expected long-term earnings growth of 78.2%. Its shares have moved up 74.5% year to date.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Celanese (CE) Inaugurates Customer Solution Center in Tokyo
Celanese Corporation (CE - Free Report) has opened a new Customer Solution Center in Tokyo, Japan. This solution center will support the growth of its customers in Asia by advancing technical capabilities of product portfolio in the region and also allow close collaboration with customers in their selection of engineered materials and innovative polymer technologies.
The new center in Tokyo is expected to expand the company’s technology footprint enabling Celanese to bring its materials and chemicals solutions to Japanese customers in the early stages of product development.
Additionally, the center will offer computer-aided engineering system analysis and other analytical activities to help customers realize new materials solutions along with providing the expected collaborative support to its customers. It also showcases the company’s vast range of polymer product lines and technologies.
Prior to this, Celanese had positioned its other solution centers in Shanghai, China; Seoul, South Korea; Florence, KY, Auburn Hills, MI, Mexico City, Mexico; Frankfurt, Germany; and Forli, Italy.
Celanese has outperformed the industry over a year. The company’s shares have moved up around 28.2% over this period compared with roughly 20.6% gain recorded by the industry.
The company expects business and productivity momentum to offset fourth-quarter weakness. Celanese is optimistic that it can grow its adjusted earnings per share for 2017 toward the top end of its earlier announced guidance range of 9-11%.
Celanese’s strategic measures including operational cost savings through productivity actions and pricing initiatives are likely to lend support to its earnings in 2017. The company is also poised to gain from growth initiatives that include acquisitions. Moreover, Celanese remains focused on returning value to shareholders.
Celanese Corporation Price and Consensus
Celanese Corporation Price and Consensus | Celanese Corporation Quote
Zacks Rank & Other Stocks to Consider
Celanese currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the basic materials space are Kronos Worldwide Inc. (KRO - Free Report) , Koppers Holding Inc. (KOP - Free Report) and Westlake Chemical Corporation (WLK - Free Report) , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Kronos Worldwide has expected long-term earnings growth of 5%. Its shares have gained 111% year to date.
Koppers has expected long-term earnings growth of 18%. Its shares have rallied 20.5% year to date.
Westlake Chemical has expected long-term earnings growth of 78.2%. Its shares have moved up 74.5% year to date.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>