Zacks Industry Outlook Highlights: Eastman Chemical, E.I. DuPont de Nemours & Co., Celanese, Air Products and Chemicals and PPG

Zacks Industry Outlook Highlights: Eastman Chemical, E.I. DuPont de Nemours &
         Co., Celanese, Air Products and Chemicals and PPG Industries

PR Newswire

CHICAGO, May 1, 2013

CHICAGO, May 1, 2013 /PRNewswire/ -- Today, Zacks Equity Research discusses
the U.S. Chemicals, including Eastman Chemical Company (NYSE:EMN), E.I. DuPont
de Nemours & Co. (NYSE:DD), Celanese Corp. (NYSE:CE), Air Products and
Chemicals Inc. (NYSE:APD) and PPG Industries Inc. (NYSE:PPG).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

A synopsis of today's Industry Outlook is presented below. The full article
can be read at 

Link: 
http://www.zacks.com/commentary/27032/chemical-industry-stock-outlook-may-2013

We feel that chemical companies with strong earnings quality, healthy growth
trajectories and liquidity profiles are better placed in the current rickety
market environment. In particular, this is considering their ability to
leverage strong balance sheets and cash flows in maximizing shareholder value
in the form of dividends and share repurchases, or use them for value
acquisitions.

We have a bullish view on Eastman Chemical Company (NYSE: EMN), which is well
placed to benefit from its Solutia acquisition. The company's diversified
chemical portfolio and integrated and diverse downstream businesses represent
the pillars of strength. It also benefits from business restructuring,
cost-cutting measures and increased capacity additions.

Chemical titan E.I. DuPont de Nemours & Co. (NYSE:DD) is witnessing strength
in its agriculture and food businesses. Its Agriculture segment delivered
healthy sales in the December quarter boosted by higher volume and strong
performance of the crop protection business. The company expects continued
strong gain in crop protection in 2013 driven by new products. Moreover,
DuPont should continue to benefit from the synergies of Danisco acquisition
and its aggressive restructuring actions.

We are also optimistic about Celanese Corp. (NYSE: CE), despite the challenges
it faces in Europe. We like the company's initiatives to improve margins and
profits by running its plants better and controlling expenses. The company's
strong presence in emerging markets, especially in China, will enable it to
deliver incremental earnings in 2013. We are also upbeat about the prospect of
its TCX ethanol process technology.

We have a favorable view on Air Products and Chemicals Inc. (NYSE:APD).
Impressive results from its core Merchant Gases segment coupled with Indura
and DA NanoMaterials acquisitions helped it to rake in better-than-expected
results in the December quarter. Air Products plans to take a number of steps
including cost-control measures, restructuring actions, price improvements and
volume gains. Its recent strategic moves will position it for future growth
and profitability despite the soft economic backdrop.

In the specialty chemical space, PPG Industries Inc. (NYSE: PPG) represents an
attractive play. The company witnessed strong growth in its North American
automotive OEM coatings business in the December quarter. Continued momentum
across automotive OEM and aerospace markets helped it to post
better-than-expected sales in the quarter. It has a diversified base of
products and markets, and looks to grow its businesses strategically along
with controlling costs.

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