Celanese Implementing Sales Control Measures for Polyacetal (POM) Product Deliveries
October 23 2018 - 8:00AM
Business Wire
Celanese Corporation (NYSE:CE), a global specialty materials
company, today announced it is implementing sales control measures
in the European, Americas and Asia regions for its polyoxymethylene
(POM) engineered materials product, including all grades and
specifications.
Factors impacting the company’s ability to meet POM product
demand include:
- Rhine river levels are at the lowest on
record, restricting the supply of key raw materials into the
company’s Industriepark H�chst (IPH) facility in Frankfurt,
Germany, the largest POM unit in the world.
- A series of required turnarounds at
Celanese-owned and co-supplier POM units.
While any existing placed order is acknowledged, future POM
orders could be subject to adjustment or denial. Customers should
contact their sales representative for more 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.
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 or its customers 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/20181023005484/en/
Celanese Contacts:Investor 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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