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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 (NYSE: CE) has announced the acquisition of a majority of the Mobility & Materials business from DuPont for
Celanese Corporation (NYSE: CE) has elected Rahul Ghai and Michael Koenig to its Board of Directors, expanding the board to eleven members, ten of whom are independent. Ghai, previously with Otis Worldwide Corporation, brings extensive financial expertise, while Koenig, CEO of Nobian Industrial Chemicals, adds significant materials manufacturing experience. Both will serve immediately and stand for re-election at the 2022 Annual Meeting of Shareholders. This strategic addition aims to enhance Celanese's leadership and support its global growth initiatives.
Celanese Corporation (NYSE: CE) has declared a quarterly cash dividend of $0.68 per share on its common stock, scheduled for payment on March 8, 2022. Shareholders of record as of February 22, 2022 will receive this dividend. In 2021, Celanese reported net sales of $8.5 billion.
Celanese Corporation reported record GAAP diluted earnings per share of $17.06 and adjusted EPS of $18.12 for 2021, supported by net sales of $8.5 billion, a 51% increase from 2020. The company effectively countered $1.1 billion in inflationary costs, achieving an operating profit of $1.9 billion. In Q4, GAAP diluted EPS was $4.83, with net sales reaching $2.3 billion. The outlook for 2022 forecasts adjusted earnings of $15.00 per share, reflecting strong demand despite ongoing supply chain challenges.
Celanese Corporation (NYSE: CE) will host a conference call on January 28, 2022, at 10:00 a.m. Eastern time to discuss its fourth quarter 2021 results. The earnings press release will be distributed after market close on January 27, 2022. The call will be available through a webcast and phone, with a replay available from January 28 to February 11. Celanese, a leading global chemical producer, reported $5.7 billion in net sales for 2020, employing approximately 7,700 people worldwide.
Celanese Corporation (NYSE: CE) has successfully acquired the Santoprene™ TPV elastomers business from Exxon Mobil Corporation for $1.15 billion. This strategic acquisition enhances Celanese's engineered materials portfolio, adding renowned trademarks such as Santoprene™ and expanding production capacity with two world-scale facilities in Florida and Wales. The deal includes customer contracts and a comprehensive intellectual property portfolio, bolstering Celanese's position in targeted growth areas and promising significant shareholder value.
Celanese Corporation (NYSE: CE) has announced a collaboration with Mitsubishi Chemical Advanced Materials (MCAM) to develop mechanical recycling solutions for polyoxymethylene (POM). This initiative aims to create a new product called POM ECO-R, derived from both post-industrial and post-consumer sources, offering up to 30% recycled content. The partnership addresses customer demands for sustainable materials while ensuring product quality. Celanese's existing product, POM ECO-B, is bio-based but distinct from the recycled POM ECO-R.
Celanese Corporation (NYSE: CE) has been recognized by The Women’s Forum of New York for achieving 55% female representation on its board of directors. This honor was part of the sixth biennial "Breakfast of Corporate Champions Event," which acknowledged 43 companies from the S&P 500 and Fortune 1000 for similar achievements in gender diversity. CEO Lori Ryerkerk emphasized the importance of diversity in leadership for driving change and business success.
Celanese Corporation (NYSE: CE) reported strong Q3 2021 results, with GAAP diluted EPS of $4.67 and adjusted EPS of $4.82. The company achieved record net sales of $2.3 billion, driven by a 3% increase in pricing and 1% in volume. Net earnings were $506 million, while adjusted EBIT reached $648 million. Despite facing over $100 million in sequential cost inflation and sourcing issues, Celanese is optimistic about future growth, projecting Q4 adjusted earnings of approximately $5.00 per share and at least $15.00 per share for 2022. Significant cash generation allowed for $376 million returned to shareholders.
