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Celanese (CE) Unveils Hostaform RF for Rotomolding Applications
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Celanese Corporation (CE - Free Report) recently announced the launch of Hostaform RF, a low permeation acetal copolymer designed for small off-road engine and marine fuel tanks, hydraulic reservoirs as well as industrial bulk containers.
Celanese has particularly formulated Hostaform RF to offer an easy-to-use, drop-in solution for traditional rotational molding. The rotational molding process manufactures parts by placing material inside a heated, hollow, rotating mold where material is dispersed evenly.
The new RF resin system provides excellent mechanical and chemical-resistant properties of Celanese’s Hostaform acetal copolymer. It also delivers a single-layer solution versus multilayer tank systems that require secondary treatment, such as fluorination. It delivers an unparalleled balance of impact and durability performance along with low fuel permeation that customers need to meet U.S. EPA regulations.
Shares of Celanese have surged 37.9% in the past year compared with a 17.8% rise of the industry.
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Celanese, in its last earnings call, stated that it is investing in future growth through organic opportunities within its businesses, disciplined M&A like the Santoprene buyout and share buybacks. It forecasts that continued moderation in the Acetyl Chain industry pricing, as the year progresses, will be partly offset by strong demand fundamentals across its businesses and modest continued sequential earnings momentum in Engineered Materials.
The company expects third-quarter adjusted earnings in the range of $4.5-$4.75 per share and full-year adjusted earnings in the band of $16.50-$17 per share.
Some other top-ranked stocks in the basic materials space are Nucor Corporation (NUE - Free Report) , The Chemours Company (CC - Free Report) and Methanex Corporation (MEOH - Free Report) .
Nucor has a projected earnings growth rate of around 534.4% for the current year. The company’s shares have surged 106.3% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Chemours has an expected earnings growth rate of around 86.4% for the current year. The company’s shares have gained 33% in the past year. It currently carries a Zacks Rank #2.
Methanex has an expected earnings growth rate of around 409.3% for the current fiscal. The company’s shares have surged 93.6% in the past year. It currently flaunts a Zacks Rank #1.
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Celanese (CE) Unveils Hostaform RF for Rotomolding Applications
Celanese Corporation (CE - Free Report) recently announced the launch of Hostaform RF, a low permeation acetal copolymer designed for small off-road engine and marine fuel tanks, hydraulic reservoirs as well as industrial bulk containers.
Celanese has particularly formulated Hostaform RF to offer an easy-to-use, drop-in solution for traditional rotational molding. The rotational molding process manufactures parts by placing material inside a heated, hollow, rotating mold where material is dispersed evenly.
The new RF resin system provides excellent mechanical and chemical-resistant properties of Celanese’s Hostaform acetal copolymer. It also delivers a single-layer solution versus multilayer tank systems that require secondary treatment, such as fluorination. It delivers an unparalleled balance of impact and durability performance along with low fuel permeation that customers need to meet U.S. EPA regulations.
Shares of Celanese have surged 37.9% in the past year compared with a 17.8% rise of the industry.
Celanese, in its last earnings call, stated that it is investing in future growth through organic opportunities within its businesses, disciplined M&A like the Santoprene buyout and share buybacks. It forecasts that continued moderation in the Acetyl Chain industry pricing, as the year progresses, will be partly offset by strong demand fundamentals across its businesses and modest continued sequential earnings momentum in Engineered Materials.
The company expects third-quarter adjusted earnings in the range of $4.5-$4.75 per share and full-year adjusted earnings in the band of $16.50-$17 per share.
Celanese Corporation Price and Consensus
Celanese Corporation price-consensus-chart | Celanese Corporation Quote
Zacks Rank & Other Key Picks
Celanese currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the basic materials space are Nucor Corporation (NUE - Free Report) , The Chemours Company (CC - Free Report) and Methanex Corporation (MEOH - Free Report) .
Nucor has a projected earnings growth rate of around 534.4% for the current year. The company’s shares have surged 106.3% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Chemours has an expected earnings growth rate of around 86.4% for the current year. The company’s shares have gained 33% in the past year. It currently carries a Zacks Rank #2.
Methanex has an expected earnings growth rate of around 409.3% for the current fiscal. The company’s shares have surged 93.6% in the past year. It currently flaunts a Zacks Rank #1.