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Celanese Corp Del (CE) delivers essential chemical solutions and specialty materials powering industries from automotive to electronics. This dedicated news hub provides investors and professionals with timely updates on corporate developments, financial milestones, and technical innovations.
Access authoritative coverage of earnings announcements, strategic partnerships, and product advancements that shape Celanese's market leadership. Our curated collection features official press releases and third-party analysis of critical initiatives in polymer engineering, cellulose derivatives, and sustainable production methods.
Key updates include financial performance reports, manufacturing capacity expansions, and R&D breakthroughs in high-performance materials. Track the company's progress in addressing evolving demands across global markets while maintaining operational excellence in chemical engineering.
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Celanese Corporation (NYSE: CE) has priced an additional €1.5 billion in permanent financing to acquire a majority of DuPont’s Mobility & Materials business. This brings the total secured financing for the acquisition to $10.5 billion at an effective net borrowing rate of approximately 5.4%. The new euro notes feature maturities of 4 and 6.5 years, with interest rates of 4.78% and 5.34%. Celanese aims to optimize its debt profile, increase flexibility, and potentially reduce borrowing costs through future cross-currency swaps.
Celanese Corporation (NYSE: CE) has priced
Celanese Corporation (NYSE: CE) will host a conference call on July 29, 2022, at 10:00 a.m. ET to discuss its Q2 2022 earnings. The earnings press release will be distributed on July 28, 2022, after market close. Investors can access the call via webcast or dial in at 1-877-407-0989 (international: 1-201-389-0921). A replay will be available on demand from July 29 to August 12, 2022. Celanese had $8.5 billion in net sales in 2021, employing around 8,500 people globally.
Celanese Corporation (NYSE: CE) has announced an immediate increase in list and off-list selling prices for various acetyl intermediate products. Prices for Acetic Acid and Acetic Anhydride will rise to $100/MT, Vinyl Acetate Monomer to $200/MT, Ethyl Acetate/Butyl Acetate to $50/MT, VAE Emulsions to $100/MT, and Redispersable Powders to $150/MT. The adjustments are applicable as contracts allow and are incremental to previous increases. Celanese continues to leverage its global chemistry to deliver value across industries.
Celanese Corporation (NYSE: CE) has declared a force majeure for its Acetyl Chain and Acetate Tow products due to unforeseen interruptions in raw material supply, particularly affecting the Texas Gulf Coast. Affected products include
- Acetic acid
- Vinyl acetate monomer (VAM)
- Ethyl acetate
- Acetic anhydride
- Vinyl and acrylic emulsions
- Redispersible powders
- Acetate tow
Celanese Corporation (NYSE: CE) reported record net sales of $2.5 billion for Q1 2022, reflecting a 12% increase sequentially. GAAP diluted EPS stood at $4.61, and adjusted EPS was $5.54, surpassing previous records by 10%. The company achieved an operating profit of $531 million and adjusted EBIT of $713 million. Celanese is poised for further growth after announcing a $11 billion acquisition of DuPont's Mobility & Materials business, expected to double annual free cash flow. The company forecasts Q2 adjusted earnings at approximately $4.50 per share.
Celanese Corporation (NYSE: CE) has declared a quarterly cash dividend of $0.68 per share on its common stock, with a payment date set for May 12, 2022. This dividend is available to stockholders of record as of April 28, 2022. In 2021, Celanese reported net sales of $8.5 billion.
Celanese Corporation has successfully restructured its joint venture with Mitsubishi Gas Chemical Company, focusing on its Korea Engineering Plastics Co. (KEP). This restructuring allows KEP to manufacture and supply products independently, enhancing access to original equipment manufacturers and markets outside of China. The restructuring is expected to provide immediate financial benefits with an increase in adjusted EBIT of $25-$40 million and an EPS accretion of $0.15-$0.20 over three years.
Celanese Corporation (NYSE: CE) will host a conference call on April 29, 2022, at 10:00 a.m. Eastern time to discuss its first quarter results. The earnings press release will be available on April 28, 2022, after market close. Interested parties can join the call via webcast or phone, with a replay accessible from April 29 to May 13, 2022. Celanese, a leader in chemical and specialty materials, reported $8.5 billion in net sales for 2021 and employs around 8,500 people worldwide.
DuPont has entered into a definitive agreement to divest a majority of its Mobility & Materials segment to Celanese Corporation for $11 billion. This transaction values the business at an enterprise multiple of approximately 14x 2021 operating EBITDA. The divested businesses generated $3.5 billion in net sales and $0.8 billion in operating EBITDA in 2021. The deal, anticipated to close by the end of 2022, marks a significant step in DuPont's transformation strategy and is expected to generate substantial value for shareholders. Additionally, DuPont plans to sell the Delrin® business by Q1 2023.
