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Celanese Corporation (NYSE: CE), a leader in specialty materials, announced price hikes for Hytrel® TPC resins, set to take effect on March 15, 2023. The increases include 0.45 EUR/kg in the EMEA region and 0.5 USD/kg in both Asia Pacific and the Americas. Individual grades may experience greater hikes as per contract terms. Celanese, headquartered in Dallas, reported $9.7 billion in net sales for 2022 and employs around 13,000 people globally.
Positive
Price increase for Hytrel® TPC resins could boost revenue and profitability.
Strong 2022 net sales of $9.7 billion indicates financial stability.
Negative
None.
DALLAS--(BUSINESS WIRE)--
Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced price increases for Hytrel® TPC resins by 0.45 EUR/kg in the EMEA region and by 0.5 USD/kg in Asia Pacific and the Americas. These price increases will be effective on March 15, 2023, or as contracts otherwise allow. Additionally, individual grades may be subject to higher increases than specified herein.
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 13,000 employees worldwide and had 2022 net sales of $9.7 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com.
