Eastman Chemical Comes Up with Treva, a New Bioplastic
On May 15, 2017, Eastman Chemical (EMN) introduced Treva, a breakthrough in engineering bioplastics.
On May 15, 2017, Praxair’s (PX) subsidiary NuCo2 announced the launch of XactCO2, a high-pressure carbon dioxide cylinder that can be mounted to any wall.
On May 18, 2017, Celanese (CE) announced price increases for propionic anhydride, isobutyric anhydride, and N-butyric anhydride for Europe only.
On May 20, 2017, Dow Chemical (DOW) signed an agreement with Saudi Arabia to construct a manufacturing facility that will produce varieties of polymers.
On May 15, 2017, LyondellBasell Industries (LYB) said it’s set to build a polyethylene plant at its La Porte, Texas, facility.
On May 18, 2017, 3M (MMM) said it received orders from the United States Army for PELTOR TEP-100 earplug kits and PELTOR ComTac communication headsets.
On May 15, 2017, International Flavors & Fragrances (IFF) announced its intention to raise $500.0 million in senior notes due in 2047.
On May 19, 2017, PPG (PPG) announced it has entered into an agreement with Vision Systems to develop window shading solutions for aircraft.
On May 17, 2017, Axalta (AXTA) received approval to renew two of its premium refinish brands—Spies Hecker and Standox—used to repair BMW passenger cars.
During his campaign, President Trump expressed that he would abolish the EPA. He thinks that the EPA hampers business by regularly issuing new laws.
President Trump’s economic stimulus policy and an increase in infrastructure investment are expected to have a positive impact on US GDP growth.
Analysts are expecting Deere (DE) to post revenue of $7.3 billion in 2Q17, a 2.6% rise year-over-year compared to $7.1 billion in 2Q16.
Deere (DE) is set to announce its fiscal 2Q17 earnings on May 19, 2017. In this series, we’ll look at DE stock since the 1Q17 earnings release on February 17, 2017.
On May 8, 2017, Huntsman’s (HUN) spinoff division Venator announced a price increase for its titanium dioxide pigments.
On May 9, 2017, Celanese (CE) announced a price increase for acetic acid of $50 per metric ton. In China, the price rose 350 renminbi per metric ton.
On May 10, 2017, 3M (MMM) announced the sale of its tolling and automated license/number plate recognition business to Neology, a subsidiary of Smartrac.
On May 9, 2017, Chemours (CC) announced that it’s offering $500.0 million in senior notes due in 2027. The notes are priced at 99.051% of the principal amount.
PPG has a better current dividend yield than its peers, with the exception of RPM.
PPG Industries (PPG) announced a dividend of $0.40 per share for 2Q17 on the company’s outstanding common stock.
On May 11, 2017, 21 brokerage companies were actively tracking PPG Industries (PPG) stock.