Celanese Corporation Declares Force Majeure on Western Hemisphere Acetyl Chain and Acetate Tow Products
May 11 2022 - 5:08PM
Business Wire
Celanese Corporation (NYSE: CE), a global chemical and specialty
materials company, today confirmed a declaration of force majeure
for the following Acetyl Chain and Acetate Tow products to its
customers in the Western Hemisphere:
- Acetic acid
- Vinyl acetate monomer (VAM)
- Ethyl acetate
- Acetic anhydride
- Vinyl and acrylic emulsions
- Redispersible powders
- Acetate tow
The force majeure declaration comes as a result of unanticipated
interruptions in raw material supply in the Texas Gulf Coast and
the Company is continuing to assess the regional and global impact
of these interruptions. Celanese cannot provide any specific
details or timing of the full impact to customers. Celanese regrets
the impact this will have on customers and will stay in close
communication to minimize the impact of this event.
At this time, the Company does not anticipate a material impact
from this force majeure declaration to its financial outlook for
the second quarter of 2022.
About Celanese
Celanese Corporation is a global chemical 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 8,500 employees worldwide and had
2021 net sales of $8.5 billion. For more information about Celanese
Corporation and its product offerings, visit www.celanese.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220511006103/en/
Investor Relations Brandon Ayache +1 972 443 8509
brandon.ayache@celanese.com
Media Relations – Global W. Travis Jacobsen +1 972 443
3750 william.jacobsen@celanese.com
Media Relations Europe (Germany) Petra Czugler +49 69
45009 1206 petra.czugler@celanese.com
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