Mitsui & Co., Ltd. has decided, and agreed with Celanese Corporation, a leading American chemical company, to acquire a 70% stake in its wholly owned subsidiary Nutrinova Netherlands B.V., which manufactures and sells functional food ingredients and concluded related agreements. The purchase price for the shares is $472.5 million. Following the acquisition, Nutrinova will become … Read more
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company reported its financial results for the full year and fourth quarter of 2022. The company delivered a robust financial performance in 2022 despite the challenges posed by COVID-19, supply chain disruptions, and other external factors. Net Sales: Celanese Corporation generated record net sales of … Read more
Celanese has agreed to acquire the bulk of DuPont’s Mobility and Materials unit for $11 billion, combining two of the world’s leading engineering polymers businesses. Included in the transaction are many materials that are used in demanding applications such as automotive and electronics parts. One key material is DuPont’s nylon 6,6 business, which has been … Read more
Celanese Corporation, a global chemical and specialty materials company, confirmed a declaration of force majeure in China for the following Acetyl Chain products manufactured at its Nanjing, China facility: Acetic Anhydride Vinyl Acetate Monomer (VAM) Vinyl Acetate Emulsions Redispersible Powders The Company has temporarily shut down acetic anhydride and VAM production in Nanjing to comply … Read more
Specialty chemicals firm Celanese announced that it entered into a definitive agreement to buy ExxonMobil Chemical’s Santoprene TPV elastomers business for $1.15 billion. Celanese will acquire the industry-renowned Santoprene brand as part of a comprehensive TPV product portfolio, along with intellectual property, production and commercial assets, and a world-class organization. ExxonMobil’s two manufacturing sites in … Read more
Celanese Corporation announced that its Clear Lake, Texas integrated chemical manufacturing facility will begin utilizing recycled carbon dioxide (CO2) as an alternative feedstock in the production of methanol. Methanol is a key raw material in the manufacture of numerous acetyls products, including acetic acid, vinyl acetate monomer (VAM), ethyl acetate and other derivatives. This carbon … Read more
Celanese Corporation announced its intent to build a world-scale, multi-phase Liquid Crystal Polymer (LCP) polymerization plant in China to support the significant growth in its high-value Vectra and Zenite LCP product lines. Site selection is underway, and Celanese is considering both existing and greenfield locations to place its new LCP facility. “5G, ‘Internet of Things’ … Read more
Celanese has announced the ‘addition of a new GUR ultra-high molecular weight polyethylene production line (UHMW-PE)’ at its Bishop manufacturing complex in Texas, US. The expansion is expected to support significant growth of the company’s portfolio of GUR engineered materials. “Electric vehicle demand is expected to have a compounded annual growth rate of greater than … Read more
Celanese Corp. (Dallas, Tex.) announced it has reached a definitive agreement to sell its 45% equity investment in the Polyplastics joint venture (JV) to Daicel Corporation for $1.575 billion. Following the completion of the transaction, Daicel will own 100% of Polyplastics. Celanese’s Engineered Materials presence in Asia is significantly greater now than when the Company … Read more
The European Commission has fined Orbia, Clariant and Celanese a total of € 260 million ($296 million) for breaching EU antitrust rules. Westlake was not fined as it revealed the cartel to the Commission. The companies took part in a cartel concerning purchases on the ethylene merchant market. They colluded to buy ethylene for the … Read more
Celanese Corporation, a global chemical and specialty materials company, and Nouryon today announced they have signed an agreement for Celanese to acquire Nouryon’s redispersible polymer powders business offered under the Elotex brand (Elotex business). As part of the acquisition, Celanese will acquire all of Nouryon’s global production facilities for redispersible polymer powders across Europe and … Read more
Celanese Corporation announced preliminary plans to expand its emulsion polymers derivatives business to extend the value of its global acetyl chain. “Building on a commitment to our global customer base to be the partner of choice by solving their most critical needs, Celanese will begin key investments in facility expansions as well as expand on … Read more
Celanese Corporation, a global chemical and specialty materials company, and Beijing Oriental Yuhong Waterproof Technology Co., Ltd., announced they have signed a comprehensive strategic cooperation and development agreement. The agreement aims to further expand cooperation in product research and development, expansion into emerging markets, and the advancement of industry, safety and environmental protection practices and … Read more
Celanese Corporation announced today its plans to significantly expand methanol production capacity at the company’s Clear Lake acetyl intermediates manufacturing facility located in Pasadena, Texas. Celanese has recently been granted approvals from the Fairway Methanol LLC board of directors for a second phase expansion, which will increase production to 1.7 million metric tons per year … Read more
Celanese Corporation, a global chemical and specialty materials company, announced on Monday that after an extensive search, the Board has selected Lori Ryerkerk to succeed Rohr as CEO. The appointments are effective May 1, 2019, and at that time Ryerkerk will also join Celanese’s Board. Mark Rohr, Chairman and Chief Executive Officer (CEO), will assume … Read more
Celanese Corporation announced on Tuesday that the Donegani facility at Ferrara, Italy will expand its production capacity for Pibiflex ® and Riteflex ® TPC (thermoplastic copolyester) to support its ongoing growth of its global engineered materials business. Thermoplastic co – polyester (TPCs) constitute the block co – polymers combining favorable rubber properties with the easier … Read more