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
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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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.
Celanese Corporation Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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