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Air Products (APD) to Exhibit Latest Tunnel Freezers at IPPE
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Air Products and Chemicals Inc. (APD - Free Report) is set to showcase its latest food freezing and chilling equipment for meat and poultry processors at the International Production & Processing Expo (IPPE) in Atlanta, GA. The company will display equipment like Freshline MP tunnel freezer and Freshline IQ tunnel freezer at the event from Jan 30 to Feb 1.
The highlights of IPPE are Freshline MP tunnel freezer, Freshline IQ Tunnel Freezer and Freshline LIN-IS Solution. Freshline MP uses unmatched heat transfer capability to achieve cryogenic temperatures throughout the entire length of the tunnel. Freshline IQ provides continuous high throughput to food processors for a vast array of products with easy clean-up and minimal up-front capital investment.
Moreover, Freshline LIN-IS Solution comes with a tailor-made temperature control system that uses liquid nitrogen or carbon dioxide to deliver rapid, precise temperature control to a blender or mixer/grinder, thereby allowing food manufacturers to optimize processing speed and product quality.
This range of cryogenic freezing and chilling solutions products will prove to be beneficial for the meat and poultry processors. The benefits include faster freeze times, enhanced throughput, better product quality, among others.
Shares of Air Products have rallied 9.2% in the past three months, outperforming the industry’s 7.7% growth.
Air Products has built a strong project backlog. These projects are anticipated to be accretive to earnings and cash flow over the next few years. Also, strategic investments in high-return projects, new business deals and acquisitions are expected to drive results in fiscal 2018.
Meanwhile, the company is expanding footprint in China. It has inked a second long-term oxygen and nitrogen supply contract with a leading global materials supplier in Guangdong in South China. The move is likely to strengthen its position in the strategic industrial base as well as relationship with this global customer. Air Products and Yankuang Group also entered into an agreement for a $3.5 billion coal-to-syngas production facility to be constructed in Yulin City, Shaanxi Province, China.
Again, the company signed a long-term gas supply contract with Huntsman Corporation (HUN - Free Report) in July 2017. Per the deal, Air Products will build, own and operate a new steam methane reformer and cold box in Geismar, LA. This new state-of-the-art facility will supply hydrogen, carbon monoxide and steam to Huntsman's Geismar operations and are scheduled to come onstream in January 2020. Additionally, it is likely to offer high reliability and sustainability with enhanced energy efficiency and is expected to aid lower emissions.
Air Products also remains on track with delivering on cost-reduction programs, which is likely to support margins as well. The company is making a good progress with its $600 million cost-cutting program and has already delivered more than $475 million of cost savings. It plans to deliver the balance in next two-three years.
Air Products also has significant amount of cash to invest in core industrial gases business. The company expects to have at least $8 billion to deploy in strategic, high-return opportunities (including acquisitions and large industrial gases projects) to create shareholder value over the next three years.
Air Products and Chemicals, Inc. Price and Consensus
Kronos has an expected long-term earnings growth of 5%. Its shares have skyrocketed 127.2% over a year.
Methanex has an expected long-term earnings growth of 15%. Shares of the company have rallied 31.5% in a year.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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Air Products (APD) to Exhibit Latest Tunnel Freezers at IPPE
Air Products and Chemicals, Inc. Price and Consensus | Air Products and Chemicals, Inc. Quote
Zacks Rank & Other Stocks to Consider
Air Products carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the basic materials space are Kronos Worldwide Inc. (KRO - Free Report) and Methanex Corporation (MEOH - Free Report) both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Kronos has an expected long-term earnings growth of 5%. Its shares have skyrocketed 127.2% over a year.
Methanex has an expected long-term earnings growth of 15%. Shares of the company have rallied 31.5% in a year.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>