Celanese Japan Limited, a wholly owned subsidiary of Celanese
Corporation (NYSE: CE), a global technology and specialty materials
company, and Setsunakasei Co. Ltd. (Setsunan) of Osaka, Japan, have
signed a letter of intent to pursue an agreement whereby Setsunan will
compound Celanese engineered polymers in Setsunan’s facilities in Japan.
“Setsunan has strong compounding capabilities and can meet the technical
and specification requirements of our customers,” said Hajime Suzuki,
president of Celanese Japan Ltd. “Our agreement with Setsunan will
further enable Celanese to position our world-class engineered materials
portfolio to our key customers in Japan to meet their local
requirements.”
“With more than 50 years of global technical and application development
expertise in engineered materials, Celanese is uniquely positioned to
help Japanese customers develop innovative products and solutions to
meet their design and operational challenges,” said Isaac Khalil, global
business director for the engineered materials business of Celanese.
Celanese engineered polymers are very versatile and are used in a wide
array of applications across many industries, including automotive,
consumer and industrial segments. These polymers may be processed by
injection molding, extrusion, compression molding, rotational casting or
blow molding. The polymer can be modified with glass fibers, minerals,
conductive fillers, lubricants, pigments and many other additives to
enhance the functionality for diverse end-use customer applications.
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. With sales almost
equally divided between North America, Europe and Asia, the company uses
the full breadth of its global chemistry, technology and business
expertise to create value for customers and the corporation. Celanese
partners with customers to solve their most critical needs while making
a positive impact on its communities and the world. Based in Dallas,
Texas, Celanese employs approximately 7,400 employees worldwide and had
2013 net sales of $6.5 billion. For more information about Celanese
Corporation and its product offerings, visit www.celanese.com
or our blog at www.celaneseblog.com.
All trademarks indicated above 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, and other information that
is not historical information. When used in this release, the words
“outlook,” “forecast,” “estimates,” “expects,” “anticipates,”
“projects,” “plans,” “intends,” “believes,” “may,” “can,” “could,”
“might,” “will” 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 expectations or that these beliefs will prove correct, including
that the proposed compounding arrangement will be consummated or will
operate on the schedule or with the terms or results desired by the
company. There are a number of risks and uncertainties that could cause
actual results to differ materially from the results expressed or
implied in the forward-looking statements contained in this release.
These risks and uncertainties include, among other things: changes in
general economic, business, political and regulatory conditions; changes
in the price and availability of raw materials; the ability to improve
productivity by implementing technological improvements; increased price
competition and the introduction of competing products by other
companies; market acceptance of our technology; the ability to obtain
governmental approvals and to construct facilities on terms and
schedules acceptable to the company; unavailability of required
materials and equipment; unanticipated operational or commercial
difficulties, including failure of facilities or processes to operate in
accordance with specifications or expectations; the ability to
achieve and maintain plant utilization; ability of third parties,
including our commercial partners, suppliers or others, to comply with
their commitments to us; changes in the degree of intellectual property
and other legal protection afforded to our products or technology, or
the theft of such intellectual property; compliance and other costs and
potential disruption or interruption of production or operations due to
accidents, cyber security incidents, terrorism or political unrest or
other unforeseen events or delays in construction or operation of
facilities, including the occurrence of acts of war or terrorist
incidents or as a result of weather or natural disasters; potential
liability for remedial actions and increased costs under existing or
future environmental regulations, including those relating to climate
change; potential liability resulting from pending or future litigation,
or from changes in the laws, regulations or policies of governments or
other governmental activities in the countries in which we operate;
changes in currency exchange rates and interest rates; and various other
factors discussed from time to time 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.
Copyright Business Wire 2014