Welcome to our dedicated page for Celanese Corporation news (Ticker: CE), a resource for investors and traders seeking the latest updates and insights on Celanese Corporation stock.
Celanese Corporation (symbol: CE) is a global leader in the production and innovation of chemical and specialty materials. Aimed at creating value for its customers, Celanese operates through various segments, including the Acetyl Chain and Materials Solutions. The company is renowned for being one of the largest producers of acetic acid and downstream derivatives, which play critical roles in industries such as chemicals, coatings, and adhesives.
Celanese also excels in the production of specialty polymers, widely utilized in sectors like automotive, electronics, medical, construction, and consumer goods. Additionally, the company produces cellulose derivatives used prominently in cigarette filters, further expanding its diverse product portfolio.
With a global production network and a commitment to innovation, Celanese partners with its clients to bring inspired ideas to life. Recent achievements include expansions in their acetyl chain capabilities and strategic partnerships to enhance their materials solutions offerings.
Financially, Celanese remains robust, continually investing in research and development to foster innovation and maintain a competitive edge. The company's operations are supported by a dedicated team of engineers, scientists, product developers, and problem solvers who strive to meet customer needs while contributing positively to the world.
Latest News:
- Celanese Corporation reports strong quarterly earnings.
- Expansion in the acetyl chain production facilities announced.
- New partnerships established to advance specialty polymer solutions.
Celanese (NYSE: CE), a global chemical and specialty materials company, has declared a quarterly cash dividend of $0.70 per share on its common stock. The dividend is payable on August 12, 2024, to stockholders of record as of July 30, 2024. Celanese, a Fortune 500 company, employs approximately 12,400 people worldwide and reported net sales of $10.9 billion in 2023. The company is committed to sustainability and is growing its portfolio of sustainable products to meet increasing customer and societal demand.
Celanese (NYSE: CE), a global leader in chemical and specialty materials, announces its second quarter 2024 earnings call on August 2, 2024, at 11:00 a.m. ET. The earnings release will be distributed after market close on August 1, 2024. Stakeholders can access the webcast via the Celanese investor website or dial-in by phone. A replay will be available from August 2, 2024, 1:00 p.m. ET to August 16, 2024. The company, which reported $10.9 billion in net sales for 2023, is known for its sustainable product portfolio and commitment to inclusivity and community impact.
Celanese (NYSE: CE) has declared force majeure and sales control for acetic acid and vinyl acetate monomer (VAM) in the Western Hemisphere. This decision follows disruptions in raw material supplies important to production, particularly affecting its U.S. gulf coast network.
Production is anticipated to drop by 15-20% in Q2 due to these challenges. The company is leveraging its integrated supply chain to minimize customer impact but expects higher costs and potential volume losses.
Details on the resolution and financial impact will be provided in the Q2 earnings report.
Celanese has been awarded the American Chemistry Council's 2024 Sustainability Leadership Award in the “Circularity” category for its carbon capture and utilization project in Texas. The project is expected to capture 180,000 metric tons of CO2 emissions annually and produce 130,000 metric tons of low-carbon methanol. This initiative highlights Celanese's commitment to sustainability and innovation, enabling the production of ECO-CC products across various industries.
Celanese (NYSE: CE) reported first quarter diluted earnings per share of $1.10 and adjusted earnings per share of $2.08 with net sales of $2.6 billion, reflecting a 2% increase. Despite challenges in the demand environment, Celanese managed to largely offset higher expenses and reported operating profit of $210 million. The company demonstrated the ability to execute in a stabilizing market and is focused on enhancing earnings power for the future.
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