Celanese Corporation Lifts Force Majeure on Western Hemisphere Acetic Acid and VAM
Celanese (NYSE: CE) has lifted the force majeure on acetic acid and vinyl acetate monomer (VAM) in the Western Hemisphere. The company confirmed that supply chain conditions have stabilized. Mark Murray, senior VP of the Acetyl Chain, stated that Celanese met the product needs of virtually all contracted customers during the challenging period by leveraging their integrated and flexible supply chain model.
Celanese is committed to working closely with critical raw material suppliers to mitigate future risks. The company is a global leader in chemistry, producing specialty material solutions across major industries. With a focus on sustainability and growing its portfolio of sustainable products, Celanese employs approximately 12,400 people worldwide and reported 2023 net sales of $10.9 billion.
Celanese (NYSE: CE) ha revocato la forza maggiore sull'acido acetico e sul monomero di acetato di vinile (VAM) nell'emisfero occidentale. L'azienda ha confermato che le condizioni della catena di approvvigionamento si sono stabilizzate. Mark Murray, vicepresidente senior della catena di acetile, ha dichiarato che Celanese ha soddisfatto le esigenze di prodotto di quasi tutti i clienti contrattuali durante questo periodo difficile sfruttando il proprio modello di catena di approvvigionamento integrato e flessibile.
Celanese si impegna a lavorare a stretto contatto con i fornitori di materie prime critici per ridurre i rischi futuri. L'azienda è un leader globale nella chimica, producendo soluzioni di materiali specializzati in settori principali. Con un focus sulla sostenibilità e sull'espansione del proprio portafoglio di prodotti sostenibili, Celanese impiega circa 12.400 persone in tutto il mondo e ha riportato vendite nette nel 2023 di 10,9 miliardi di dollari.
Celanese (NYSE: CE) ha levantado la fuerza mayor sobre el ácido acético y el monómero de acetato de vinilo (VAM) en el hemisferio occidental. La empresa confirmó que las condiciones de la cadena de suministro se han estabilizado. Mark Murray, vicepresidente senior de la Cadena de Acetilo, afirmó que Celanese satisfizo las necesidades de producto de prácticamente todos los clientes bajo contrato durante este período desafiante aprovechando su modelo de cadena de suministro integrado y flexible.
Celanese está comprometida a trabajar en estrecha colaboración con los proveedores de materias primas críticas para mitigar riesgos futuros. La compañía es un líder global en química, produciendo soluciones de materiales especiales en industrias clave. Con un enfoque en la sostenibilidad y en el crecimiento de su portafolio de productos sostenibles, Celanese emplea aproximadamente a 12,400 personas en todo el mundo y reportó ventas netas de 10.9 mil millones de dólares en 2023.
셀레네스(Celanese, NYSE: CE)가 서반구에서 아세트산과 비닐 아세테이트 모노머(VAM)에 대한 불가항력 조치를 해제했습니다. 회사는 공급망 상황이 안정화되었다고 확인했습니다. 아세틸 체인 수석 부사장인 마크 머리는 셀레네스가 도전적인 기간 동안 통합되고 유연한 공급망 모델을 활용하여 거의 모든 계약 고객의 제품 요구 사항을 충족했다고 밝혔습니다.
셀레네스는 중요한 원자재 공급업체와 긴밀히 협력하여 미래의 위험을 완화하기 위해 최선을 다하고 있습니다. 이 회사는 주요 산업 전반에 걸쳐 전문 소재 솔루션을 생산하는 세계적인 화학 선두주자입니다. 지속 가능성에 중점을 두고 지속 가능한 제품 포트폴리오를 확장하고 있으며, 셀레네스는 전 세계에서 약 12,400명의 직원을 고용하고 있으며, 2023년에 109억 달러의 순매출을 보고했습니다.
Celanese (NYSE: CE) a levé la force majeure sur l'acide acétique et le monomère d'acétate de vinyle (VAM) dans l'hémisphère occidental. L'entreprise a confirmé que les conditions de la chaîne d'approvisionnement se sont stabilisées. Mark Murray, vice-président senior de la chaîne acétylique, a déclaré que Celanese avait répondu aux besoins en produits de pratiquement tous les clients sous contrat pendant cette période difficile en tirant parti de son modèle de chaîne d'approvisionnement intégré et flexible.
Celanese s'engage à travailler en étroite collaboration avec des fournisseurs de matières premières critiques pour atténuer les risques futurs. L'entreprise est un leader mondial dans le domaine de la chimie, produisant des solutions de matériaux spécialisés dans des secteurs clés. Avec un accent sur la durabilité et l'expansion de son portefeuille de produits durables, Celanese emploie environ 12 400 personnes dans le monde et a enregistré des ventes nettes de 10,9 milliards de dollars en 2023.
Celanese (NYSE: CE) hat die höhere Gewalt für Essigsäure und Vinylacetatmonomer (VAM) in der westlichen Hemisphäre aufgehoben. Das Unternehmen bestätigte, dass sich die Bedingungen der Lieferkette stabilisiert haben. Mark Murray, Senior Vice President der Acetylkette, erklärte, dass Celanese in der herausfordernden Zeit die Produktbedürfnisse nahezu aller Vertragskunden durch Nutzung seines integrierten und flexiblen Lieferkettenmodells erfüllt hat.
Celanese verpflichtet sich, eng mit wichtigen Rohstofflieferanten zusammenzuarbeiten, um künftige Risiken zu mindern. Das Unternehmen ist ein globaler Marktführer in der Chemie und produziert spezialisierte Materiallösungen in bedeutenden Branchen. Mit einem Fokus auf Nachhaltigkeit und dem Wachstum seines Portfolios nachhaltiger Produkte beschäftigt Celanese weltweit etwa 12.400 Mitarbeiter und berichtete von netto 10,9 Milliarden Dollar Umsatz im Jahr 2023.
- Lifted force majeure on acetic acid and VAM in Western Hemisphere
- Met product needs of virtually all contracted customers during challenging period
- Demonstrated effectiveness of integrated and flexible supply chain model
- 2023 net sales of $10.9 billion
- None.
The lifting of the force majeure on acetic acid and vinyl acetate monomer (VAM) in the Western Hemisphere by Celanese is a positive development for the company and its customers. This indicates a stabilization of supply chain conditions, which should lead to improved product availability and potentially more predictable pricing.
However, the impact on Celanese's financials may be in the short term. The company's ability to meet most contracted customer needs during the force majeure period suggests that revenue disruption was likely minimal. The real benefit lies in improved customer relations and supply chain resilience, which could strengthen Celanese's market position in the long run.
Investors should monitor Celanese's future quarterly results to assess any potential impact on margins and revenue growth in the Acetyl Chain segment, which accounted for
Celanese's successful navigation of the force majeure situation demonstrates the strength and flexibility of its integrated supply chain model. This resilience is a significant competitive advantage in the chemical industry, where supply disruptions can lead to substantial financial and reputational damage.
The company's commitment to working closely with critical raw material suppliers to mitigate future risks is prudent. However, investors should be aware that supply chain challenges persist globally. Celanese's proactive approach may involve:
- Diversifying supplier base
- Increasing inventory buffers
- Investing in predictive analytics for supply chain management
These strategies could lead to increased costs in the short term but enhance long-term operational stability and customer satisfaction, potentially justifying premium pricing for Celanese's products.
“We were pleased to be able to meet the product needs of virtually all of our contracted customers during this challenging period by relying on our integrated and flexible supply chain model,” said Mark Murray, senior vice president of the Acetyl Chain. “Celanese is committed to continuing to work closely with all of our critical raw material suppliers to mitigate the risk of similar events arising in the future.”
About Celanese
Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio of sustainable products to meet increasing customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of
Forward-Looking Statements
The information set forth in this release contains certain “forward-looking statements,” which include information concerning the Company’s plans, objectives, goals, future revenues, financial performance, expected future costs and other information that is not historical information. 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 herein. 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. Certain of these risk factors are discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date the statement is made.
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Investor Relations
Bill
+1 484 905 1129
william.cunningham@celanese.com
Media Relations – Global
Brian Bianco
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media@celanese.com
Source: Celanese Corporation
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