LONDON, January 18, 2013 /PRNewswire/ --
The Chemicals majors have step into 2013 with sanguinity, and analysts at StockCall have decided to look a little deeper on the technical side of things on companies like E. I. du Pont de Nemours and Company (NYSE: DD) and The Dow Chemical Company (NYSE: DOW). These free reports are available at
Major diversified chemical producers are beginning to reap the benefits of restructuring efforts in 2012. DuPont announced last year that it had started a restructuring plan to boost productivity, improve competitiveness and step up its growth pace. With this plan, the company expects to save $300 million in 2013. Several companies targeted improved efficiency last year, divesting and acquiring assets to better meet changing chemical demands. These changes have now led to greater profitability and a positive outlook for 2013. Technical report on DuPont is available athttp://www.StockCall.com/DD011813.pdf The Dow Chemicals Company [ Free Report on DOW] (1) also announced restructuring plans following its last earnings release in October 2012. The chemical conglomerate is planning to shut down 20 manufacturing facilities and cutting its global workforce by 5% in a bid to manage cost. The company projects to save up to $2.5 billion with these factory shut downs and other steps geared to reduce costs. The Dow will be reporting its next earnings on January 31 st. Better demand out of the U.S. and especially out of emerging markets continues to be a positive for the industry. Specifically, a booming agricultural sector is fueling some of the biggest gains for chemical producers. Farms are targeting maximum yields with commodity prices in their favor which has made them increasingly willing to shell out more for pesticides and farming related chemicals. This trend does not appear to be slowing as global populations expand along with food demand. One company in the chemical industry that has been able to cash in on this trend is DuPont. In its most recent quarterly report, the diversified chemicals manufacturer saw its agriculture sales grow by 4% on higher volume and prices.
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