Ashland (ASH) Wraps Up HEC Expansion, Boosts Production
Zacks Investment Research | Dec 10, 2018 08:14PM ET
Ashland Global Holdings Inc. (NYSE:ASH) recently completed the expansion of Natrosol hydroxyethylcellulose (“HEC”) production in Nanjing, China, that boosted the site’s manufacturing output by nearly 30%.
Ashland, is the global leader in terms of HEC production and sales and has manufacturing facilities in China, United States and Netherlands. HEC is used in industries like personal care, coatings, pharmaceuticals, construction and oil and gas.
Notably, the capacity expansion enables the company to support increasing demand for Natrosol HEC. Continuous expansion helps the company get better return on capital as opposed to building a new plant. It also enhances the company’s cost position.
In a year’s time shares of Ashland have moved up 6% compared with the Zacks Investment Research
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