Celanese Corporation (CE - Analyst Report) said that it will feature its extensive portfolio of polymers, which enable consumer goods and electronics manufacturers design and make effective, functional and attractive products, at the K 2016 plastics show to be held in Dusseldorf, Germany, from Oct 19-26.
Consumers want smarter and more functional electronics and home appliances that fit their lifestyle. Celanese provides the consumer goods and electronics manufacturers engineered materials for product components and packaging that are required by the consumers and ensure brand loyalty. The brand portfolio of engineered materials provided by Celanese allows appliance and electronics manufacturers to replace metals and other materials with polymers that offer the same or better appearance, design freedom and performance.
The materials by Celanese allow consumer goods manufacturers to attract buyers through aesthetics and concrete elements that can withstand the rigors of daily use and frequent cleaning. The products are durable and have functional components on the inside which keep the consumers content. The functionality of everyday household goods and electronics is a primary concern for consumers. Celanese polymers, such as MetaLX metal-effect and mold-in-color polymers, help make the buying decision easy where low-friction/low-wear, high heat resistance and color quality are critical to the consumer experience.
At K 2016, Celanese will demonstrate three strategies to successful consumer product design and development by choosing engineered materials from the company. These include appearance solutions where the company’s materials help ensure manufactures meet consumers’ expectations from the look and feel of the product. Celanese polymers help products perform consistently despite day-to-day use and abuse ensuring long product life and brand trust. When operating at the extreme temperatures of cooking food, drying hair or delivering water, Celanese’s broad portfolio of heat-tolerant engineered materials maintains dimensional stability as well.
Celanese, which is among the prominent chemical companies along with The Dow Chemical Company (DOW - Analyst Report) , DuPont (DD - Analyst Report) and Air Products and Chemicals Inc. (APD - Analyst Report) , kept its earnings streak alive with a beat in second-quarter 2016. The company reported adjusted earnings of $1.59 per share in the quarter. The figure was a penny higher than the prior-year quarter tally and above the Zacks Consensus Estimate of $1.55.
The company reported quarterly sales of $1,351 million, missing the Zacks Consensus Estimate of $1,418 million. The top line declined roughly 8.5% year over year.
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