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MarketScreener Homepage  >  Equities  >  Nyse  >  Ashland Global Holdings Inc.    ASH

ASHLAND GLOBAL HOLDINGS INC.

(ASH)
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Ashland Global : mineral based sun stick with SPF 50 wins supplier ingredients and formulation award at CEW Beauty Awards

10/06/2020 | 10:29am EST

Ashland Ganex (Antaron) WP-660 polymer was the hero ingredient in the Ashland mineral-based sun stick SPF 50 formula that won the CEW's Supplier Ingredients & Formulation Award as part of the prestigious CEW Beauty Awards.

The award was presented virtually at the CEW's cocktails event. Sponsored by New York Society of Cosmetic Chemists (NYSCC), the award category recognizes the role that ingredients, formulations and new technology play in successful consumer product launches. Ashland's entry was selected from more than 40 submissions that were reviewed and voted upon by a curated panel of judges that included leading beauty and personal care brands including members of the NYSCC Program Committees. The judges were: Lauren Alciati, Glossier; Eileen Kim, Chanel; Theresa Phamduy, L'Oreal; Mike Wong, EOS Products and Tao Zheng, The Estee Lauder Companies. Ashland's Ganex (Antaron) WP-660 polymer is a well-trusted film former for water resistance and SPF boosting. Ashland has found that this vegan suitable ingredient boosts SPF in formulas with inorganic sunscreens and provides a uniform film coating. 'Mineral-based, high SPF solutions are trending; however, many mineral formulas are draggy or messy,' said Jennifer O' Hara, global skin care marketing manager, Ashland. 'Ashland's Mineral-Based Sun Stick SPF 50 won as a less-touch, less-mess solution for sun care with high SPF, water resistance, and a smooth glide that rubs in easily for a more enjoyable consumer experience. The showcased application was a fun way of illustrating the power of our ingredients and how clever formulation formats can solve consumer problems. We are committed to creating safe, truly efficacious solutions and are working tirelessly to solve for more sustainable solutions.' More information on www.ashland.com/antaron and ashland.com/sustainability About Ashland Ashland Global Holdings Inc. (NYSE: ASH) is a premier global specialty materials company serving customers in a wide range of consumer and industrial markets, including adhesives, architectural 2 coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceutical. At Ashland, we are approximately 4,600 passionate, tenacious solvers - from renowned scientists and research chemists to talented engineers and plant operators - who thrive on developing practical, innovative and elegant solutions to complex problems for customers in more than 100 countries.

Contact:

Tel: 908-952-5668

Email: mneilson@ashland.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 2 429 M - -
Net income 2021 218 M - -
Net Debt 2021 1 204 M - -
P/E ratio 2021 20,9x
Yield 2021 1,54%
Capitalization 4 517 M 4 517 M -
EV / Sales 2021 2,36x
EV / Sales 2022 2,20x
Nbr of Employees 4 500
Free-Float 99,5%
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Mean consensus BUY
Number of Analysts 11
Average target price 90,73 $
Last Close Price 74,57 $
Spread / Highest target 44,8%
Spread / Average Target 21,7%
Spread / Lowest Target 7,28%
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Managers
NameTitle
Guillermo Novo Chairman & Chief Executive Officer
Keith C. Silverman Senior VP-Global Operations & Quality
J. Kevin Willis Chief Financial Officer & Senior Vice President
Anne T. Schumann Chief HR & IT Officer, Senior Vice President
Osama M. Musa Chief Technology Officer & Senior Vice President
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