N.A. Chems & Pkg "The Daily InSpector" Spector

Research evidence excerpt

N.A. Chems & Pkg "The Daily InSpector" Spector

Global Research

8 June 2026ab

N.A. Chems & Pkg Equities

AmericasThe Daily InSpector

Chemicals, Commodity

Joshua Spector, CFA

Corning and Amazon strike multibillion dollar fiber optic deal Analyst

Total deal size was not specified, but we think another long term offtake builds joshua.spector@ubs.com

additional confidence in GLW's increased ~19% sales CAGR through 2030e (link). +1-212-713 6188

CEO appeared on Fox Business, noting there remain other deals anticipated within Lucas Beaumont

their target to double sales run-rate, so we believe this update serves to de-risk the Analyst

targets, rather than adding incremental upside potential to current expectations. lucas.beaumont@ubs.com

+1-212-713 4809

In connection with the deal, Corning is further expanding operations, adding ~1k

Christopher Perrella

new jobs across their production facilities in NC (link). We estimate this expansion

Analyst

could be larger than earlier capacity additions underpinned by the initial christopher.perrella@ubs.com

META deal (which increased NC headcount by 15-20% to >5k employees). This +1-212-713 1443

could indicate a larger deal value vs the $6B META size.

Anojja Shah

Updating sector preference matrix Analyst

anojja.shah@ubs.com

We prefer more Industrial/Electronics exposure with ECL and ESI as top ideas. RPM is our +1-312-525 4310

pick in coatings on a re-opening trade, within commodities we prefer ALB/WLK, in

James Cannonpackaging PKG. Overall, we remain more muted on consumer, larger cap petchems on

Associate Analyst

peak in earnings (DOW/LYB - link), and more cautious on Ag (NTR Sell - link). See Figure james-p.cannon@ubs.com

1 for more. +1-212-713 4057

Gaurav Sharma

Chemical spot pricing weekly update

High level: U.S.