Milacron Holdings Corp. (MCRN - Free Report) announced that it will participate in the upcoming Fakuma 2017 -- an international trade fair for plastics processing, displaying its industry leading technologies.
Fakuma will be held in Friedrichshafen, Germany, starting Oct 17, 2017. Milacron will exhibit its products in hall B3 – Booth 3203 in this trade show which will end on Oct 21. The exhibition will strengthen Milacron’s relationship with customers and notify them about the most recent technological advances.
The company will mainly display Milacron injection molding machines, Mold-Masters hot runners and control systems, DME mold technology solutions, including TIRAD high precision mold bases and Milacron Direct industrial supplies at Fakuma 2017. This will likely convert into orders in the later half of the year.
Milacron is anticipated to benefit from the rising demand of plastics in several markets, including automotive, construction, and consumer products. The company has made significant investments in China and India, considering the projected growth rates of the plastic business in these markets.
Milacron plans to continue to expand its manufacturing capabilities, while also increasing technical, marketing and sales efforts. Further, the company has undertaken a number of organizational redesign and cost-reduction initiatives which will drive growth.
Milacron has underperformed its industry in a year’s time, mainly due to dismal industrial environment and pricing pressure. Its shares have lost around 9%, as against the industry’s rise of 18.9%.
Zacks Rank & Key Picks
Milacron currently carries a Zacks Rank #3 (Hold).
A few better-ranked stocks in the sector include AGCO Corporation (AGCO - Free Report) , Terex Corporation (TEX - Free Report) and Columbus McKinnon Corporation (CMCO - Free Report) . All three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AGCO has an earnings ESP of 39.70% for the trailing four quarters. Terex has an average earnings surprise of 122.78% for the last four quarters, while Columbus McKinnon generated an average earnings surprise of 10.70% over the same time frame.
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