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Illinois Tool Works Beats Earnings and Revenue Estimates

Illinois Tool Works Beats Earnings and Revenue Estimates

A strong earnings report from Illinois Tool Works (ITW) calmed investors worried about the impact of coronavirus on the global manufacturer. ITW addressed the issue, while reporting earnings and revenue in line with expectations. The company was able to grow earnings per share 9%, and 5% for all of 2019, while executing in a declining […]

Celanese Corporation Solidifies Leadership in Acetyl Products With Acquisition of Elotex

Celanese Corporation Solidifies Leadership in Acetyl Products With Acquisition of Elotex

Celanese Corporation (CE) has announced the expansion of a key business line through the acquisition of a business unit of Nouryon. Celanese will acquire Nouryon’s redispersible polymer powders operating in both Europe and China.  The deal will result in the Elotex brand being transferred to Celanese. It includes all production facilities in Europe and Asia, […]