Celanese Announces Price Increase for Acetate Tow in Eastern Europe and Asia
September 18 2018 - 6:00PM
Business Wire
Celanese Corporation (NYSE:CE), a global specialty materials
company, today announced it will raise prices of all acetate tow
product grades sold in Eastern Europe and Asia by $1.00/kg. This
price increase will be effective for orders shipped on or after
November 1, 2018, or as contracts otherwise allow.
"We have undertaken significant cost-reduction actions in the
last few years to drive the sustainability of our business and
ensure we deliver the support, quality and security of supply our
customers have grown to rely on from Celanese,” said Marcel van
Amerongen, Vice President, Cellulose Derivatives. “To further aid
in securing sustainability, it is paramount to increase prices and
offset recent declines. Celanese is committed to our acetate tow
business as we continue to invest in manufacturing assets,
innovation and service in order to position the company as the
strategic partner for our customers.”
Customers are encouraged to contact their account manager for
additional information.
About Celanese
Celanese Corporation is a global technology leader in the
production of differentiated chemistry solutions and specialty
materials used in most major industries and consumer applications.
Our businesses use the full breadth of Celanese's global chemistry,
technology and commercial expertise to create value for our
customers, employees, shareholders and the corporation. As we
partner with our customers to solve their most critical business
needs, we strive to make a positive impact on our communities and
the world through The Celanese Foundation. Based in Dallas,
Celanese employs approximately 7,700 employees worldwide and had
2017 net sales of $6.1 billion. For more information about Celanese
Corporation and its product offerings, visit www.celanese.com or
our blog at www.celaneseblog.com.
All registered trademarks are owned by Celanese International
Corporation or its affiliates.
Forward-Looking Statements
This release may contain “forward-looking statements,” which
include information concerning the company’s plans, objectives,
goals, strategies, future revenues or performance, capital
expenditures and other information that is not historical
information. When used in this release, the words “outlook,”
“forecast,” “estimates,” “expects,” “anticipates,” “projects,”
“plans,” “intends,” “believes,” and variations of such words or
similar expressions are intended to identify forward-looking
statements. All forward-looking statements are based upon current
expectations and beliefs and various assumptions. There can be no
assurance that the company will realize these benefits or that
these expectations will prove correct. There are a number of risks
and uncertainties that could cause actual results to differ
materially from the forward-looking statements contained in this
release. Numerous factors, many of which are beyond the company’s
control, could cause actual results to differ materially from those
expressed as forward-looking statements. Other risk factors include
those that are discussed in the company’s filings with the
Securities and Exchange Commission. Any forward-looking statement
speaks only as of the date on which it is made, and the company
undertakes no obligation to update any forward-looking statements
to reflect events or circumstances after the date on which it is
made or to reflect the occurrence of anticipated or unanticipated
events or circumstances.
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version on businesswire.com: https://www.businesswire.com/news/home/20180918005785/en/
CelaneseInvestor RelationsSurabhi Varshney,
+1-972-443-3078surabhi.varshney@celanese.comorMedia Relations –
GlobalW. Travis Jacobsen,
+1-972-443-3750william.jacobsen@celanese.comorMedia Relations
Asia (Shanghai)Helen Zhang, +86 21 3861
9279lan.zhang@celanese.comorMedia Relations Europe
(Germany)Jens Kurth, +49(0)69 45009
1574j.kurth@celanese.com
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