Dow Inc. (DOW - Free Report) recently introduced OPULUX HGT for polyethylene (PE)-based packaging, which is suitable for a wide range of packaging formats and the most common coating and packaging equipment.
OPULUX HGT is a high-temperature glossy varnish used in flexible packaging surface-printed PE films, which aids in enhancing PE films’ performance. The latest optical finish is expected to help replace PE/PET and PE/BOPP laminated packaging systems with a PE-based concept, leading to structure simplification and high-conversion efficiency, helping brand owners and converters meet recyclability goals.
Per Dow, the new technology will enable the company to simplify the packaging structure and encourage recyclability while preserving the final package's shelf appeal.
Through integrating OPULUX HGT Optical Finishes with Dow's novel PE-based polymer solutions, brand owners and converters can redesign recyclable packaging and achieve key packaging properties such as stiffness and dimensional stability. This also includes remarkable glossy finishing for an excellent shelf-like packaging look, heat resistance and a high-sealing window for packaging performance.
Dow will feature packaging enabled by OPULUX HGT at K 2019 from October 16-23 in Dusseldorf.
Dow’s shares have declined around 5.8% in the past three months compared with the roughly 10.4% fall recorded by the industry.
Dow remains focused on seeking opportunities to optimize its portfolio. As part of this move, the company agreed to divest its acetone derivatives business to Altivia in August. The company also remains committed to invest in attractive areas through highly accretive projects.
Dow is also concentrating on maintaining cost and operational discipline through cost synergy and stranded cost-removal initiatives. The company remains on track to deliver around $600 million of synergy and stranded cost savings in 2019.
Zacks Rank & Key Picks
At present, DOW carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the basic materials space are Kinross Gold Corporation (KGC - Free Report) , Alamos Gold Inc (AGI - Free Report) , both sporting a Zacks Rank #1 (Strong Buy) and AngloGold Ashanti Limited (AU - Free Report) carrying a Zacks Rank #2 (Buy), currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Kinross has an estimated earnings growth rate of 170% for the current year. The company’s shares have rallied nearly 61.3% in a year’s time.
Alamos Gold has an estimated earnings growth rate of a whopping 340% for the ongoing year. The company’s shares have appreciated 9.5% in a year’s time.
AngloGold has a projected earnings growth rate of 154.7% for 2019. Its shares have surged around 105.9% over the past year.
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