Celanese Corporation (NYSE: CE), a global technology and specialty
materials company, will increase list and off-list selling prices for
the following acetyl products, as well as implement a surcharge for
specific engineered materials products.
Celanese continues to be impacted by currency movements as a result of
the recent significant Euro devaluation. These actions are necessary as
part of the company’s efforts to mitigate these impacts. Customers
should contact their Celanese sales representative for more details
regarding this announcement.
Acetyl Products
|
|
Product
|
Europe
|
|
|
|
EUR/MT
|
Acetic Acid
|
50
|
Ethyl Acetate
|
70
|
|
|
Price increases for these acetyl products are effective March 1, 2015,
or as contracts allow.
Engineered Materials Products
Celanese will also implement a surcharge to all European selling prices
of Fortron® polyphenylene sulfide (PPS) and Vectra® / Zenite® liquid
crystal polymer (LCP) by 8% effective March 1, 2015, or as contracts
allow.
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 7,500 employees worldwide and had
2014 net sales of $6.8 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,
financing needs 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 expectations or that these beliefs 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. These factors include the
inability to obtain regulatory approvals of the transaction and satisfy
conditions on the proposed terms and schedule and the possibility that
the transaction does not close. 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.
Copyright Business Wire 2015