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Celanese Corporation Lifts Force Majeure on Acetate Tow Products
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Celanese Corporation (NYSE: CE) has lifted the remaining elements of the force majeure declared on May 11, 2022, that pertained to acetate tow products. This decision marks a significant milestone for the company as it resumes normal operations in this segment, which is crucial for various industries. Celanese emphasizes its commitment to delivering differentiated chemistry solutions and specialty materials, showcasing its robust business model and expertise in the sector.
Positive
Lifting of force majeure allows for normal operations of acetate tow products, potentially increasing revenue.
Demonstrates recovery from previous operational disruptions, enhancing investor confidence.
Negative
None.
DALLAS--(BUSINESS WIRE)--
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today confirmed it is lifting the remaining elements of the force majeure declared on May 11, 2022, which had still applied to acetate tow products.
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 2021 net sales of $8.5 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com.
