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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.
Bookmark this page for streamlined access to Celanese's latest business developments. Stay informed about the specialty materials sector through comprehensive coverage of CE's strategic positioning and industry impact.
Celanese Corporation (NYSE: CE) is hosting a virtual Investor Day where CEO Lori Ryerkerk will discuss business strategies aimed at growth through 2023. The company reports a total shareholder return of 271% over the past decade and anticipates adjusted EPS of $13.00 to $14.00 in 2023. Key segments include Acetyl Chain, expected to deliver adjusted EBIT of $900-$1,000 million, and Engineered Materials with $700-$750 million. Celanese plans to allocate $6 billion for growth initiatives, including share repurchases and dividends, indicating strong cash generation and a robust financial outlook.
Celanese Corporation (NYSE: CE) has announced a three-year plan to expand its engineered materials compounding capacities in Asia, specifically in Nanjing and Suzhou, China, as well as Silvassa, India. The expansion includes adding approximately 52KT of compounding and long-fiber thermoplastics capacity in Nanjing by late 2023, and 7KT each for nylon compounding in Suzhou and annual compounding capacity in Silvassa, both by early 2022. Financial details are undisclosed, but the initiative aims to enhance the company's competitive advantage in the region.
Celanese Corporation (NYSE: CE) plans to expand its GUR® ultra-high molecular weight polyethylene (UHMW-PE) production capacity in Europe, adding approximately 34KT of capacity by 2024. This expansion follows a similar increase in Bishop, Texas, which adds 15KT annually starting in 2022. The new facility aims to meet growing demand in the electric vehicle market, particularly for lithium-ion battery separators, projected to grow at over 25% annually through 2025. Financial details of the expansion remain undisclosed, but Celanese is well-positioned as a leading global manufacturer.
Celanese Corporation (NYSE: CE) announced strategic expansions in its emulsion polymers and vinyl acetate production, focusing on facilities in Nanjing, China, and Frankfurt, Germany. The Nanjing site will see a 50,000KT to 90,000KT increase in vinyl acetate monomer (VAM) capacity, while acetic anhydride production will grow by 10KT annually. New VAE reactors in both locations aim to enhance production by 65KT and 45KT respectively by 2023. Additionally, debottlenecking in Europe will add 20KT to redispersible polymer powders capacity by 2023, strengthening Celanese's market leadership.
Celanese Corporation (NYSE: CE) announced the integration of recycled carbon dioxide (CO2) into its methanol production at the Clear Lake, Texas facility, a move aimed at enhancing sustainability. This process, part of an expansion of the Fairway joint venture with Mitsui & Co., Ltd., is projected to significantly reduce CO2 emissions, eliminating the equivalent of 39,000 cars annually. The initiative aligns with Celanese's commitment to sustainability and operational efficiency, contributing to broader environmental goals.
Celanese Corporation (NYSE: CE) has raised its full year 2021 adjusted earnings outlook to $11.00 to $11.50 per share, reflecting a 15% increase from its previous guidance of $9.50 to $10.00. Despite the impact of Winter Storm Uri on Texas operations, facilities are operating at pre-storm levels. The company anticipates strong first-quarter adjusted earnings of around $3.00 per share, driven by increased demand for Acetyl Chain and Engineered Materials products. Major turnarounds have been accelerated to meet market needs.
Celanese Corporation (NYSE: CE) has declared force majeure due to severe winter weather impacting its operations and those of its suppliers in the Texas Gulf Coast. This declaration affects the production of multiple products, including Acetic Acid and Vinyl Acetate Monomer. The extreme conditions have hindered access to critical utilities necessary for production, forcing Celanese to halt operations at affected sites. The company is communicating with customers regarding allocation volumes and will notify them when production resumes.
Celanese Corporation (NYSE: CE) announced an extension of its long-term carbon monoxide supply contract with Linde Gas Singapore Pte. Ltd. for its Singapore acetyls chemical facility. This contract ensures a reliable supply of carbon monoxide, crucial for Celanese's 600 kiloton acetic acid production plant, enhancing operational flexibility. Celanese has partnered with Linde since 2004 and aims to support its global acetyl chain business through this agreement. Financial terms of the contract were not disclosed.
Celanese Corporation (NYSE: CE) reported strong financial results for 2020, with GAAP diluted EPS of $16.85 and adjusted EPS of $7.64. Net sales totaled $5.7 billion, marking declines of 6% in pricing and 5% in volume from 2019. The company generated $1.3 billion in operating cash flow and $950 million in free cash flow, returning $943 million to shareholders through buybacks and dividends. The sale of Polyplastics provided $1.6 billion, enabling significant share repurchases. Looking forward, Celanese expects adjusted EPS of $9.50 to $10.00 for 2021, driven by demand recovery and operational improvements.
Celanese Corporation (NYSE:CE) has announced a 10% increase in its quarterly cash dividend, raising it from $0.62 to $0.68 per share. This dividend adjustment reflects anticipated earnings growth and strong cash generation for 2021. The new annual dividend rises from $2.48 to $2.72 per share, with the payment scheduled for February 23, 2021 to stockholders of record by February 9, 2021. CEO Lori Ryerkerk emphasized the company's commitment to growing dividends in line with future earnings, enhancing total shareholder value.
