Welcome to our dedicated page for Celanese Del news (Ticker: CE), a resource for investors and traders seeking the latest updates and insights on Celanese Del stock.
Overview
Celanese Corp Del (CE) is a globally recognized chemical and specialty materials company that excels in the innovative production of acetic acid, specialty polymers, and cellulose derivatives. Combining advanced chemical engineering with sophisticated manufacturing processes, Celanese provides a vital suite of high-performance materials that drive a variety of industries including coatings, adhesives, automotive, electronics, and medical applications. Its globally integrated production network and deep technical expertise enable the company to consistently offer superior chemical solutions and materials that serve as critical components in modern applications.
Core Business and Product Segments
Celanese operates across several key business segments:
- Acetic Acid and Derivatives: The company is one of the largest producers of acetic acid and its downstream chemical products. These materials serve as essential building blocks in the production of paints, coatings, adhesives, and other industrial applications.
- Specialty Polymers: Leveraging advanced chemical engineering, Celanese produces specialty polymers that are embedded in critical applications across automotive, electronics, medical devices, and consumer products. The specialty polymers are notable for their tailored performance characteristics, supporting durability and innovation in product design.
- Cellulose Derivatives: These materials are employed in various applications, including textile processing and the production of cigarette filters, highlighting the company’s versatility and commitment to high-quality chemical solutions.
Innovation and Technical Expertise
At the heart of Celanese is a commitment to innovation and technical excellence. The company employs a diverse team of engineers, scientists, and product developers whose focused expertise drives continual improvements in product performance and new material applications. This research-driven approach ensures that Celanese remains at the forefront of chemical engineering, turning inspired ideas into practical solutions that meet rigorous industry demands.
Global Market Position and Operational Excellence
Celanese is strategically positioned within the competitive global market. Its extensive production network and deep understanding of chemical processes empower the company to supply materials globally with flexibility and efficiency. By effectively integrating research and operational execution, Celanese supports a wide range of industries, ensuring a reliable flow of high-quality chemical solutions that are integral to the manufacturing processes of its customers. The company’s operational excellence is underscored by its ability to meet diverse market needs through robust engineering and a strong emphasis on customer collaboration.
Strategic Partnerships and Value Creation
Celanese’s business model is built around forging strong partnerships with its customers. The company acts not just as a supplier, but as an advisor and problem solver, working collaboratively with customers to transform innovative ideas into tangible, market-ready products. This pragmatic approach, underpinned by extensive expertise in chemistry and process engineering, enables Celanese to deliver value across multiple stages of product development and production.
Commitment to Quality and Reliability
Integrity, consistency, and technical proficiency are at the core of Celanese’s operations. With a focus on delivering reliable and application-specific solutions, the company adheres to high standards in both product quality and process safety. These principles enhance trust and establish long-term customer relationships built on mutual success and technological excellence.
Industry-Specific Terminology and E-E-A-T Principles
Celanese employs specialized chemical processes and state-of-the-art engineering techniques to create materials that are central to multiple industrial applications. Terms such as chemical engineering, process optimization, and high-performance polymers are integral to understanding the technical depth and market applications of its products. This focus on technical language helps to communicate the company’s prowess and underlines its authority and expertise in the chemical industry.
Conclusion
In summary, Celanese Corp Del stands as a cornerstone in the global chemical sector. Its dedication to innovation, coupled with an unwavering commitment to quality and reliability, underpins its significant role in manufacturing materials that power diverse industrial applications. By seamlessly integrating advanced chemical processes with robust production capabilities, Celanese not only meets but exceeds the rigorous demands of modern industries, making it a fundamental partner for businesses that rely on high-performance chemical solutions.
Celanese (NYSE: CE) has announced the election of Scott Sutton to its Board of Directors, effective March 1, 2025. The company has also established a new Finance and Business Review Committee, which will be co-chaired by Sutton and CEO Scott Richardson.
Sutton, 60, brings nearly 35 years of chemicals industry experience, most recently serving as President, CEO, and Chairman of Olin He previously served as Celanese's Chief Operating Officer from 2017 to 2019, where he oversaw the company's Engineered Materials and Acetyl Chain businesses.
The new committee will focus on overseeing the company's financial position and strategy, including cost reduction, cash flow prioritization, deleveraging efforts, and portfolio evaluation. Celanese reported net sales of $10.9 billion in 2023 and employs more than 12,000 people worldwide.
Celanese (NYSE: CE) has declared a quarterly cash dividend of $0.03 per share on its common stock. The dividend will be payable on March 11, 2025, to stockholders of record as of February 25, 2025.
Celanese is a global chemical and specialty materials company with 2023 net sales of $10.9 billion. The company employs approximately 12,400 employees worldwide and focuses on producing specialty material solutions across major industries and consumer applications. The company emphasizes sustainability in managing materials throughout their lifecycle and is expanding its sustainable products portfolio to meet growing customer and societal demands.
Celanese (NYSE: CE) has announced Todd Elliott will rejoin the company as Senior Vice President to lead the Engineered Materials business, effective February 3, 2025. Elliott, who previously retired from Celanese in 2020 as SVP and head of the Acetyls business, will succeed Tom Kelly, who is stepping down. During his previous tenure at Celanese, Elliott held multiple leadership roles and was instrumental in launching the customer project pipeline model.
For the past five years, Elliott has worked as an independent consultant in the chemicals and polymers industry. CEO Scott Richardson expressed confidence in Elliott's ability to enhance operational efficiency and drive improved growth and profitability. The company is currently focusing on cost reduction, deleveraging the balance sheet, and reducing risk in its capital structure.
Celanese, a Fortune 500 company with approximately 12,400 employees worldwide, reported net sales of $10.9 billion in 2023.
Celanese (NYSE: CE) has announced its upcoming fourth quarter 2024 earnings conference call, scheduled for February 19, 2025, at 9:00 a.m. ET. The company will release its earnings press release after NYSE market close on February 18, 2025. The conference call will be accessible via webcast and phone, with replay available until March 5, 2025.
The press release includes background information about Celanese, noting it is a Fortune 500 company with approximately 12,400 employees worldwide and 2023 net sales of $10.9 billion. The company specializes in chemistry and produces specialty material solutions used across major industries and consumer applications.
Celanese (NYSE: CE) has issued a warning about an unsolicited 'mini-tender' offer from TRC Capital Investment TRC Capital is attempting to purchase up to 1,500,000 shares of Celanese's common stock at $65.50 per share, which is 4.49% below the closing price of $68.58 on December 13, 2024.
Celanese strongly recommends shareholders reject this offer and advises those who have already tendered shares to withdraw them before the January 16, 2025 deadline. The company emphasizes it is not associated with TRC Capital or this offer. Since the offer is for less than 5% of outstanding shares, it bypasses many SEC investor protection requirements.
The offer includes conditions including that Celanese's share price must not decrease by more than 5% from December 13, 2024. Celanese, a Fortune 500 company with 2023 net sales of $10.9 billion and approximately 12,400 employees worldwide, urges shareholders to exercise caution and consult current market quotations.
Cloverdale Paint has partnered with Celanese (CE) to implement carbon capture and utilization (CCU) technology in paint manufacturing. The collaboration will utilize over 1 million pounds of CO2 emissions annually, converting industrial waste emissions into renewable feedstocks for paint production.
The process involves capturing CO2 emissions and applying hydrogen to convert them into methanol building blocks, which are used in vinyl acetate-based emulsions for paint manufacturing. This method reduces fossil fuel usage and promotes a circular economy, with sustainable content tracked through mass balance accounting.
The partnership aligns with Cloverdale Paint's Green Guarantee commitment and Celanese's sustainability initiatives. Celanese, a Fortune 500 company with $10.9 billion in net sales (2023) and approximately 12,400 employees worldwide, brings its expertise in specialty materials and chemical solutions to this sustainable paint manufacturing initiative.
Celanese (NYSE: CE) has announced the election of Christopher Kuehn to its Board of Directors, effective January 1, 2025. Kuehn, 52, currently serves as Executive Vice President and CFO of Trane Technologies plc. His appointment will bring the total board members to 12, with 11 being independent.
In his current role, Kuehn oversees global finance functions, enterprise risk management, and global information technology. He previously held senior positions at Ingersoll Rand, Whirlpool , and SPX The appointment adds financial and risk management expertise to Celanese's board, which reported 2023 net sales of $10.9 billion and employs approximately 12,400 people worldwide.
Celanese (NYSE: CE) announced a leadership transition effective January 1, 2025. Scott Richardson, currently Chief Operating Officer, will become CEO and join the Board of Directors, succeeding Lori Ryerkerk, who is stepping down as Chairman, CEO and director at the end of the year. Edward Galante, an independent director since 2013, will become Chair of the Board.
Richardson brings two decades of experience at Celanese, having served in key roles including COO, CFO, and leadership positions in Engineered Materials and Acetyl Chain businesses. He was instrumental in creating and implementing the operating models that work together as a strategic pair to create value.
The appointment comes as part of a deliberate succession planning process, with Richardson committing to drive cost structure improvements and cash generation.
Henkel and Celanese have announced a partnership to enhance circularity in emulsion production using carbon capture-based materials. The collaboration leverages Celanese's carbon capture and utilization (CCU) technology at its Clear Lake, Texas site, which converts industrial CO2 emissions into methanol - a key component of vinyl acetate monomer used in adhesive formulations.
Through this partnership, Henkel will produce water-based adhesives made from captured CO2 emissions, creating opportunities for packaging and consumer goods customers to increase renewable content in their products. The CCU-based adhesives will primarily benefit the Paper & Board, Envelopes & Graphic Arts, E-commerce, Labeling and Tissue & Towel industries.
Celanese has released its 2023-2024 Sustainability Report, 'The Chemistry of Change,' and Sustainability Index. The report highlights the company's expansion of lower-carbon footprint solutions and commitment to innovation across businesses and supply chains. Key achievements include launching a carbon capture project at Clear Lake, Texas, becoming the first to receive ISCC Carbon Footprint Certification for low-carbon CCU methanol, and partnering with Under Armour® for NEOLAST™ sustainable fiber.
The company has integrated legacy DuPont Mobility & Materials facilities into its environmental data, updated water risk assessment processes, and enhanced Scope 3 GHG emissions quantification. Notable governance achievements include 40% female Board members and 33% female senior leadership. The report aligns with SASB Chemicals Sector Standard, TCFD, and UN SDGs frameworks.
FAQ
What is the current stock price of Celanese Del (CE)?
What is the market cap of Celanese Del (CE)?
What are the primary products of Celanese Corp Del?
Which industries does Celanese serve?
How does Celanese generate its revenue?
What makes Celanese's chemical solutions unique?
How does Celanese maintain its competitive edge?
What role does research and development play at Celanese?
How is Celanese positioned in the global market?
How does Celanese collaborate with its customers?
