Blackstone and Celanese form acetate tow supplier joint venture June 19, Print Email Blackstone and Celanese Corp, a global tech and specialty materials company, have agreed to form a joint venture that will create a global acetate tow supplier. According to terms of the agreement, Celanese will own 70 percent of the joint venture while Blackstone will own the remaining 30 percent. Celanese and Blackstone will own 70 percent and 30 percent of the JV, respectively. Transaction Overview Under the terms of the agreement, Celanese will contribute its Cellulose Derivatives business unit, including its equity interest in existing JVs with China National Tobacco Corporation, and Blackstone will contribute its Rhodia Acetow business unit, which it recently acquired from Solvay.
The Washington, DC-based chemical industry trade group said that chemical output Blackstone celanese to improve this year notwithstanding the disruptions from Hurricane Harvey with strong gains expected continue in the next two years.
The ACC envisions national chemical production excluding pharmaceuticals to rise 0.
The growth is expected to be spurred by higher demand across light vehicles and housing markets, capital investments and improved export markets. The trade group also expects basic chemicals production to expand 4.
Major export markets such as Latin American and Asia Blackstone celanese expected to play a significant role in production growth. Surging Capital Spending According to the ACC, the United States remains an attractive investment destination for chemical investment and domestic chemical makers continue to enjoy the advantage of access to abundant and cheaper feedstocks and energy.
This is driving investment in chemical production projects. New capacity is expected to provide a boost to chemical production as these investments come on stream. This also accounts for one-half of overall construction spending by the manufacturing sector. The trade group expects capital spending to rise 6.
Strengthening Export Markets The ACC expects improving export markets to contribute to solid growth of the domestic chemical industry. Strengthening export markets and increasing capital spending are driving chemical demand across key end-use markets such as light vehicles and housing.
Total chemical exports went up 4. Amid such a backdrop, it would be a prudent idea to invest in chemical stocks with compelling growth prospects if you are looking to reap solid returns from your portfolio in We highlight the following five stocks with Zacks Rank 1 Strong Buy or 2 Buy that are good options for investment right now.
The company has expected earnings growth of It also delivered an average positive earnings surprise of Kronos is witnessing strong demand for titanium dioxide TiO2 products across most segments. The company is also gaining from higher pricing and implementation of certain productivity-enhancing improvement projects at some of its facilities.
It also has an expected long-term EPS growth of Moreover, Westlake has topped the Zacks Consensus Estimate in each of the trailing four quarters, with an average positive surprise of Westlake is gaining from higher demand for all major products in both Vinyls and Olefins segments and synergies of the Axiall acquisition.
It also delivered average positive earnings surprise of Kraton is benefiting from the acquisition of Arizona Chemical in the form of cost reduction and operational improvements. The company also remains committed to steer organic growth in key markets through state-of-the-art innovation and infrastructure.
It should also gain from its sustained efforts to reduce debt. The company has an expected earnings growth of It delivered positive earnings surprise in each of the trailing four quarters, with an average positive surprise of 4.
The company also has an expected long-term EPS growth of Albemarle is seeing significant momentum in its lithium business and is well placed to leverage strong expected growth in the battery-grade lithium market. The company is executing a number of projects that should boost its global lithium derivative capacity.
The company also has expected earnings growth of This page is designed to check whether your current browser settings and plugins meet minimum requirements to run these listed simulations, online courses, and tutorials.
U.S. President Donald Trump and Russian President Vladimir Putin hold a meeting on the sidelines of the G summit in Hamburg, Germany, on July 7, “The authors [take] us from the early days of the Blackstone Group, when the firm was just two guys and a secretary, to the buyout boom, when Mr.
Schwarzman’s conspicuous consumption became a symbol of the new Gilded Age. “The authors [take] us from the early days of the Blackstone Group, when the firm was just two guys and a secretary, to the buyout boom, when Mr. Schwarzman’s conspicuous consumption became a symbol of the new Gilded Age.
All NYSE Companies.
Select a company name to view their online annual reports. If a hardcopy is available, you can click the + icon and the hardcopy will be automatically added to your cart. All NYSE Companies. Select a company name to view their online annual reports.
If a hardcopy is available, you can click the + icon and the hardcopy will be automatically added to your cart.