Celanese Announces Price Increase for Acetate Tow
Celanese Corporation (NYSE:CE) has announced a price increase of up to 5 percent on all acetate tow product grades, effective January 1, 2021, or as per contracts. This decision aims to secure the sustainability of the acetate tow business amid declining prices. The Vice President of Acetate Tow emphasized the company's commitment to investing in manufacturing assets and innovation to become the strategic partner of choice for customers. Celanese continues to focus on creating value across its global operations.
- Celanese is increasing prices on acetate tow products by up to 5%, potentially improving revenue.
- Continued investment in manufacturing assets and innovation promotes long-term business sustainability.
- None.
DALLAS & AMSTERDAM & SHANGHAI--(BUSINESS WIRE)--Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced it will raise prices of all acetate tow product grades sold globally by up to 5 percent. This price increase will be effective for orders shipped on or after January 1, 2021, or as contracts otherwise allow.
“To aid in securing sustainability of the Celanese acetate tow business, it is paramount that we increase prices and offset declines. Celanese is committed to our acetate tow business as we continue to invest in manufacturing assets, innovation and service in order to position the company as the strategic partner of choice for our customers,” said Marcel van Amerongen, Vice President, Acetate Tow, for Celanese.
Customers are encouraged to contact their account manager for additional information.
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 7,700 employees worldwide and had 2019 net sales of
