DuPont’s (DD Quick QuoteDD - Free Report) Industrial Biosciences unit has launched Axtra PHY 20000 TPT and Axtra PHY 25000 G in Europe, thereby expanding the product line of its award-winning phytase in the European Union (EU). The fastest-acting phytase enzyme is now available in every desired format to all European animal producers.

 

Proven to be the most efficacious phytase available in the market today, Axtra PHY has been helping animal producers to reduce their production costs as well as their environmental footprint. 

 

The product starts acting earlier in the digestive tract and destroys phytate and its anti-nutrient effects rapidly. This enables more nutrient uptake in the animal. Axtra PHY enables the release and digestion of beneficial nutrients naturally present in the feed by lowering the impact of phytate. As a result the animal producer can significantly lower their feed cost.

 

In addition to this, Axtra PHY at 1000 FTU (phytase units) can breakdown more than 90% of dietary phytate and decrease feed conversion ratio by up to 10%. 

 

DuPont has outperformed the Zacks categorized Chemicals-Diversified industry over a year. The company’s shares have rallied 29.3% over this period, compared with the industry’s gain of around 25.8%.

 

 

DuPont is well placed to gain from its cost-cutting measures and new product launches. It has numerous new products in its pipeline that should contribute to the top-line growth.

 

Moreover, the proposed mega-merger with Dow Chemical (DOW Quick QuoteDOW - Free Report) is expected to deliver cost synergies of around $3 billion. The companies recently secured the U.S. antitrust clearance for the planned merger and expect the closing of the deal to take place in Aug 2017.

 

 

DuPont currently carries a Zacks Rank #2 (Buy).

 

Other top-ranked companies in the chemical space include BASF SE (BASFY Quick QuoteBASFY - Free Report) and The Chemours Company (CC Quick QuoteCC - Free Report) . Both the stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

 

BASF has expected long-term growth of 8.9%.

 

Chemours has expected long-term growth of 15.5%.

 

 

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