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CELANESE CORPORATION (CE)

Celanese Corporation engages in the production and sale of industrial chemicals. The company operates through four segments: Chemical Products, Technical Polymers Ticona, Acetate Products, and Performance Products. The Chemical Products segment produces and supplies acetyl products, including acetic acid, acetate esters, vinyl acetate monomer, polyvinyl alcohol, and emulsions. Its products also include acetic anhydride, acetate esters, carboxylic acids, and methanol. The Technical Polymers Ticona segment develops, produces, and supplies a portfolio of technical polymers, which include polyacetal, UHMW-PE, liquid crystal polymers, and polyphenylene sulfide fortron for use in automotive and electronics products, as well as in other consumer and industrial applications, often replacing metal or glass. The Acetate Products segment primarily produces and supplies acetate tow used in the production of filter products, and acetate filament, which is used in the apparel and home furnishing industries. The Performance Products segment, operating under the trade name of Nutrinova, produces and sells sweetener and food protection ingredients, such as sorbates, for the food, beverage, and pharmaceuticals industries. The company primarily operates in North America, Europe, and Asia. Celanese Corporation is headquartered in Dallas, Texas.


FMC CORPORATION (FMC)

FMC Corporation operates as a chemical company, serving the agricultural, industrial, and consumer markets worldwide. The company operates in three segments: Agricultural Products, Specialty Chemicals, and Industrial Chemicals. Agricultural Products segment manufactures and sells proprietary insecticides and herbicides used for the protection of cotton, corn, rice, cereals, vegetables, and other crops. Specialty Chemicals segment comprises of BioPolymer and lithium businesses. BioPolymer manufactures and sells microcrystalline cellulose, carrageenan, and alginates, products that add texture, structure, and physical stability to beverage, dairy, meat, and bakery products and/or that act as binders and disintegrants for tablets and capsules. Lithium business includes sale of mined lithium, which is used in specialty products, including pharmaceuticals, specialty polymers, and energy storage devices. Its Industrial Chemicals segment manufactures inorganic materials, including soda ash, hydrogen peroxide, specialty peroxygens, and phosphorus chemicals. FMC Corporation was founded in 1884 and is headquartered in Philadelphia, Pennsylvania.


AIR PRODUCTS AND CHEMICALS INC (APD)

Air Products and Chemicals, Inc. operates in the industrial gas and related industrial process equipment business worldwide. The company operates through three segments: Gases, Chemicals, and Equipment. The Gases segment recovers and distributes industrial gases, such as oxygen, nitrogen, argon, hydrogen, carbon monoxide, carbon dioxide, synthesis gas, and helium, as well as medical and specialty gases, which include fluorine products, rare gases, and other common gases. This segment also engages in the company's electronics business, global healthcare, power generation, and flue gas treatment businesses. The Chemicals segment produces and markets performance materials that comprise performance polymers, performance solutions, and performance products; and chemical intermediates that consist of amines and polyurethane intermediates. The Equipment segment manufactures equipment for cryogenic air separation, gas processing, natural gas liquefaction, and hydrogen purification equipment. It also designs and builds systems for recovering hydrogen, nitrogen, carbon monoxide, carbon dioxide, and low dew point gases using membrane technology, as well as cryogenic transportation containers for liquid helium and hydrogen. Further, this segment offers plant design, engineering, procurement, and construction management services. Air Products and Chemicals serves chemical processing, electronics, refining, food processing, medical gases, furniture cushioning, insulation, carpet underlay, bedding, and automobile seating industries. The company was founded in 1940 by Leonard P. Pool and is headquartered in Allentown, Pennsylvania.


EASTMAN CHEMICAL COMPANY (EMN)

Eastman Chemical Company engages in the manufacture and sale of chemicals, plastics, and fibers. It operates through six segments: Coatings, Adhesives, Specialty Polymers, and Inks (CASPI); Performance Chemicals and Intermediates (PCI); Specialty Plastics (SP); Polymers; Fibers; and Developing Businesses (DB). The CASPI segment manufactures raw materials, additives, and specialty polymers, such as liquid vehicles, coatings additives, cellulosic polymers, ester alcohol, chlorinated polyolefins, and hydrocarbon resins and rosins, and rosin esters. The PCI segment produces chemicals for agricultural intermediates, fibers, food and beverage ingredients, photographic chemicals, pharmaceutical intermediates, and polymer compounding and chemical manufacturing intermediates. The SP segment offers engineering and specialty polymers, specialty film and sheet products, and packaging film and fiber products, which are used in appliances, store fixtures and displays, building and construction, electronic and medical packaging, personal care and cosmetics, performance films, tape and labels, photographic and optical film, and graphic arts. The Polymers segment supplies polyethylene terephthalate polymers used in beverage and food packaging, and other applications, such as carbonated soft drinks, water, beer and personal care items, and food containers. It also manufactures polyethylene and linear low-density polyethylene, which are used in extrusion coating, film, and molding applications. The Fibers segment offers Estron acetate tow and Estrobond triacetin plasticizers, which are used in cigarette filters; Estron and Chromspun acetate yarns for apparel, home furnishings, and industrial fabrics; acetate flake for acetate tow producers; and acetyl chemicals. The DB segment includes Eastman's Gasification services and Diagnostics business, as well as investment in early stage businesses. The company was founded in 1920 and is headquartered in Kingsport, Tennessee.


DOW CHEMICAL COMPANY (DOW)

The Dow Chemical Company engages in the manufacture and sale of chemicals, plastic materials, agricultural, and other specialized products and services. Its performance chemicals products principally include glycol ethers and amines, and acrylics, which are used in various market applications, including coatings, household and personal care products, gas treating, and agricultural products. The company supplies synthetic latex for coating paper and paperboard that are used in magazines, catalogues, and food packaging. It also supplies water-based emulsions used as primary components in decorative and industrial paints, adhesives, textile products, and construction products, such as caulks and sealants. Its specialty chemicals products are used as functional ingredients or processing aids in various applications, including agricultural and pharmaceutical products and processing, building and construction, chemical processing and intermediates, food processing and ingredients, household products, coatings, pulp and paper manufacturing, and transportation. The specialty polymers products enable the physical and sensory properties of end-use products in a range of applications, including food, pharmaceuticals, oilfields, paints and coatings, personal care, and building and construction. Dow Chemical Company also develops, manufactures, and markets products for crop production; weed, insect, and plant disease management; and industrial and commercial pest management. The company sells its products primarily to food, transportation, health and medicine, personal and home care, and building and construction industries through its sales force and distributors principally in the United States and Europe. Dow Chemical Company also engages in the property and casualty insurance and reinsurance business primarily through its Liana Limited subsidiaries. The company is based in Midland, Michigan.


ROHM AND HAAS COMPANY (ROH)

Rohm and Haas Company (RHC) provides specialty materials for the personal care, grocery, home, and construction markets in the United States. It operates in six segments: Coatings, Performance Chemicals, Monomers, Electronic Materials, Adhesives and Sealants, and Salt. Coatings segment offers architectural and functional, powder and automotive coatings. Architectural and functional coatings include products for latex paints, industrial and decorative coatings, varnishes, paper coatings, and leather and textile finishes. Powder coatings comprise thermoset and thermoplastic powder coatings used for backyard grills, kitchen cabinetry, office furniture, automotive parts, and industrial shelving. Automotive coatings include paints for the plastic components of automobiles. Performance Chemicals segment provides products to control bacteria and improve the texture of shampoos, conditioners, and moisturizers; performance enhancers for detergents and cleaners; ion exchange resins used to purify drinking water, juices, and pharmaceuticals; sweeteners for soft drinks; and technology used in bleaching agents and purification chemistry that removes contaminants from personal care and household products. It also delivers impact modifiers and processing aids for plumbing pipes, house siding, containers, shoe soles, computer housings, keyboards, and wood products. Monomers segment supplies acrylates, methacrylates, and specialty monomers. Electronic Materials segment provides chemical mechanical planarization and microelectronic, circuit board, and packaging and finishing technologies. Adhesives and Sealants segment offers products for packaging and converting, pressure sensitive adhesives and construction, and transportation. Salt segment provides products for food processing, agriculture, water conditioning, highway ice control, and industrial processing applications. RHC was founded by Otto Rohm and Otto Haas in 1907. The company is headquartered in Philadelphia, Pennsylvania.


SHERWIN-WILLIAMS COMPANY (SHW)

The Sherwin-Williams Company engages in the manufacture, distribution, and sale of coatings and related products to professional, industrial, commercial, and retail customers primarily in North and South America. The company operates through four segments: Paint Stores, Consumer, Automotive Finishes, and International Coatings. The Paint Stores Segment markets and sells Sherwin-Williams branded architectural paints and coatings, industrial and marine products, and original equipment manufacturer product finishes and related items. As of December 31, 2004, the Paint Stores segment operated 2,983 paint stores. The Consumer segment develops, manufactures, and distributes various paints, coatings, and related products to third party customers and the Paint Stores segment. The Automotive Finishes segment develops, manufactures, and distributes various motor vehicle finish, refinish, and touch-up products. It also licenses certain technology and trade names worldwide, as well as distributes Sherwin-Williams branded automotive finish and refinish products through its network of automotive branches. The Automotive Finishes segment operated 200 automotive branches, as of December 31, 2004. The International Coatings segment develops, licenses, manufactures, and distributes various paints, coatings, and related products worldwide through 76 company-operated specialty paint stores, as of the above date, and by outside selling functions to other dealers and distributors. The company was founded by Henry Sherwin and Edward Williams in 1866. The Sherwin-Williams Company is headquartered in Cleveland, Ohio.


ASHLAND INC (ASH)

Ashland, Inc. operates as a chemical and transportation construction company worldwide. It has four segments: APAC, Ashland Distribution, Ashland Specialty Chemical, and Valvoline. The APAC segment provides construction, maintenance and repair, site preparation, materials, and technical services in the southern and midwestern United States. The Ashland Distribution segment distributes chemicals, plastics, composite materials, and environmental services in North America. It also distributes thermoplastics in Europe. The Ashland Specialty Chemical segment supplies specialty chemicals, including composite polymers, casting solutions, drew industrial, drew marine, and specialty polymers and adhesives to various industries, such as adhesives, automotive, composites, metal casting, merchant marine, paint, paper, plastics, watercraft, and water treatment. The Valvoline segment produces and markets packaged motor oil and automotive chemicals, including appearance products, antifreeze, filters, and automotive fragrances. It also provides fast oil change services through Valvoline Instant Oil Change outlets. Ashland was founded in 1918 and is headquartered in Covington, Kentucky.