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Advant E Corp

AdvanSix Inc. is a chemical manufacturing company that was established in 2016 as a result of a spin-off from Ashland Global Holdings Inc. The company's stock symbol is ASIX and it is listed on the New York Stock Exchange (NYSE). AdvanSix produces chemicals such as nylon 6, chemical intermediates, and salt, which are used in a wide range of applications such as carpets, food packaging, and personal care products.

A quick summary of its financial performance and outlook:

* Revenue: $3.8 billion in 2020. Net sales for the 2020 fiscal year increased 10% over the previous year, primarily due to higher selling prices and improved demand across all major categories.

* Income: AdvanSix reported a net income of $175 million in 2020, compared to $60 million in the previous year. The significant increase was primarily due to improved market conditions and higher selling prices.

* Growth: AdvanSix anticipates long-term profitable growth based on its cost and innovative culture. It has earmarked $60 million for capital expenditures in 2020 to improve production capacity and reduce costs.

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