Opinions on Praxair Inc. and Nalco Holding Co. -- Synthetics Sector Raising Prices
December 21 2010 - 8:16AM
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synthetics industry and has completed analytical research on
Praxair Inc. (NYSE: PX) and
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The Synthetics sector has been raising its prices lately to
protect dwindling margins. One segment to which the sector is
raising prices is the paper industry. Some companies have announced
between a five and fifteen percent increase in prices, due
primarily to the rising cost and constrained availability of
certain raw materials. The sector has also cited increased energy
and freight costs as motivators. Prices are also being raised
across Asia due to higher materials costs and increasing wages paid
out to their employees. Register now at
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One area the Synthetics sector is looking to grow is in the
emerging market of India. The government there has recently
announced that it will take measures to support large scale
economic growth during the coming years. This has boosted companies
within the sector to invest in plants that produce liquid oxygen,
nitrogen, and argon, key elements in various manufacturing
processes. India has declared it wants to grow its manufacturing
industry by 7% annually during the next five years. Visit
www.stockcall.com/ to see how companies in this industry have grown
over the past years and how they are expected to perform in the
future.
Taking a quick look at results posted for the third quarter 2010
by some of the players within this space, Praxair Inc. saw a surge
of 16% in earnings boosted by emerging markets. Profits came in at
$377 million. Investors looking for free research on Praxair Inc. are welcome to sign up at
www.stockcall.com/PX211210.pdf.
Conversely, Nalco Holding Co. delivered better-than-anticipated
quarterly readings with net income coming in at $58.9 million
reversing a loss registered in the same quarter of 2009. Revenue
also rose by 14% to $1.09 billion. Investors looking for free
research on Nalco Holding Co. are welcome to
sign up at www.stockcall.com/NLC211210.pdf.
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