\n \n \n “. concat(self. i18n. t(‘search. voice. recognition_retry’), “\n
Eastman Chemical Company EMN has announced that it has initiated exclusive negotiations for the molecular recycling facility it plans to build in France, with Port-Jérôme-sur-Seine as the location.
This is a vital step toward a vital step in the company’s plan to invest up to a billion dollars to build the world’s largest material-to-material molecular recycling plant in France. The facility is expected to recycle approximately 160,000 tons of hard-to-recycle materials. year of polyester waste.
Since the announcement of the company’s investment allocation in January, Eastman has carried out a variety process for 3 potential locations and has decided to engage in exclusive negotiations with the government of Port-Jérôme-sur-Seine in Normandy. This provides a source close to polyester. waste for the raw material, the area required for prolonged installation, and the critical infrastructure for operations of this magnitude. Eastman expects it to be operational until 2025.
Eastman’s investment is expected to be a major economic driver, allowing France to play its leading role in the circular economy. Most likely, the task will create jobs for around another 350 people and create another 1500 oblique jobs in recycling, energy and infrastructure. having hard work in Port-Jérôme-sur-Seine is another thing that makes it an advantageous place.
Eastman Chemical shares rose 2. 7% over the past year, with 2. 6% expansion in the industry.
Image source: Zacks Investment Research
Last month, the company said it expects first-quarter earnings consistent with percentage (“EPS”) to be between $2. 05 and $2. 25. This includes gains in January, reflecting strong underlying trading conditions. By 2022, the company reaffirmed its steerage for adjusted EPS between $9. 50 and $10. It kept steerage at the segment level provided above. Special copolyesters are reported through the corporation’s Advanced Materials segment and acetate cable is reported through the Fibers unit.
Eastman | Chemical Company Eastman Chemical Company Price Consensus Table Quote
Eastman Chemical is ranked No. 3 Zacks (Hold) lately.
Some top-rated stocks in the area of basic fabrics are The Mosaic Company MOS, AdvanSix Inc. ASIX and Allegheny Technologies Incorporated ATI.
Mosaic forecasts a 125% earnings expansion rate for the current year. Zacks’ consensus estimate for MOS earnings for the current year was revised up by 33. 3% over the past 60 days.
Mosaic’s earnings have topped Zacks’ consensus estimate in three of the last four quarters, while it is missing one. It generated a marvel of earnings over the past 4 quarters of around 3. 7% on average. MOS is up about 109. 6% in a year and is lately ranked No. 1 by Zacks (strong buy). You can see the full list of Zacks’ Rank 1 stocks today here.
AdvanSix forecasts a profit expansion rate of 64. 8% for the current year. The ZCE for ASIX’s current year earnings was revised up by 58% over the past 60 days.
AdvanSix earnings have exceeded Zacks’ consensus estimate in 3 of the last 4 quarters, with an average wonder of 23. 6%. ASIX jumped 83. 9% year-on-year. The inventory sports a range of Zacks No. 1.
Allegheny, which is currently ranked No. 2 by Zacks (buy), has an expected earnings expansion rate of 661. 5% for the current year. ATI’s earnings ACE for the current year was revised upwards by 45. 6% over the past 60 days.
Allegheny’s earnings have exceeded Zacks’ consensus estimate over the past 4 quarters, averaging 127. 2%. ATI recovered 25. 2% year-over-year.
Want the latest recommendations from Zacks Investment Research?Today you can download 7 movements for the next 30 days. Click to get this loose report from Allegheny Technologies Incorporated (ATI): Eastman Chemical Company (EMN) Free Inventory Analysis Report: The Mosaic Company (MOS) Free Inventory Analysis Report: AdvanSix Free Inventory Analysis Report (ASIX): Free Inventory Analysis Report To read this article in Zacks. com, click here. Zacks Investment Research