Ashland Global Holdings (ASH) Launches Derakane Signia Resins

Zacks Investment Research | Apr 12, 2018 11:00PM ET

Ashland Global Holdings Inc. (NYSE:ASH) has launched Derakane Signia resins for the corrosion industry. The latest product comes with a new formula that has an undeniable detection system to verify the integrity of designs. The resins offer the same corrosion resistance and has mechanical properties with improved processing.

Prior to this, design engineers and end users had specified Ashland Derakane resins for FRP piping and tanks, in safety-critical markets like chemical processing, air pollution control, mineral processing and water treatment. Signia improves manufacturing efficiencies and lowers emission with an innovative styrene suppressant technology.

The resins are formulated to provide a no-prep surface, increased secondary bonding and reduced gassing for faster consolidation and less processing time and labor. It also helps in reducing odor and dust that improves overall work environment for employees and provides a longer shelf life to maintain workability for an extended time frame.

Shares of Ashland have gained 3.8% over the past six months, outperforming the

Ashland Global Holdings Inc. Quote

Zacks Rank & Stocks to Consider

Ashland currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Kronos Worldwide Inc. (NYSE:KRO) , Methanex Corporation (NASDAQ:MEOH) and LyondellBasell Industries N.V. (NYSE:LYB) .

Kronos has an expected long-term earnings growth rate of 5% and sports a Zacks Rank #1 (Strong Buy). The company’s shares have moved up 53.8% in a year. You can see Original post

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Written By: Zacks Investment Research

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