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Celanese Corporation - CE STOCK NEWS

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.

News

Celanese Achieves ISCC CFC Certification for Low Carbon CCU Methanol

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Celanese , in partnership with Mitsui & Co., , has received ISCC certification for its Low Carbon CCU Methanol, showcasing over a 70% reduction in carbon footprint compared to traditional methods. The certification highlights Celanese's commitment to sustainability and offers customers eco-friendly options across its product range.
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Celanese and Secarna Pharmaceuticals Enter into RNA Research Collaboration for Long-Acting Antisense Therapies

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Celanese and Secarna Pharmaceuticals announce a research collaboration to develop long-acting implants delivering antisense oligonucleotides for various diseases. The collaboration aims to reduce dosing frequency, minimize immune responses, and improve patient outcomes. Celanese's VitalDose® Drug Delivery Platform and Secarna's ASO Drug Discovery Platform will be utilized for this development.
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Celanese Announces Commercial Launch of Glaukos'; iDose® TR (Travoprost Intracameral Implant) Using Celanese's VitalDose® Ethylene Vinyl Acetate (EVA)

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Celanese Corporation collaborates with Glaukos Corporation to launch iDose® TR, a sustained drug release system for glaucoma treatment. The FDA-approved iDose® TR uses Celanese's VitalDose® EVA to deliver continuous dosing of travoprost, improving patient compliance and treatment outcomes.
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Timothy Go Elected to Celanese Board of Directors

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Celanese Corporation (CE) announced the election of Timothy Go to its Board of Directors. Mr. Go, President and CEO of HF Sinclair Corporation, brings extensive leadership experience in the energy and specialty chemical industries. With a background in operational manufacturing excellence and strategic transformation, his appointment aims to enhance Celanese's Board composition and navigate the evolving manufacturing landscape.
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Celanese Corporation Reports Full Year 2023 and Fourth Quarter Earnings

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Celanese Corporation (CE) reported strong financial results for full year 2023, with GAAP diluted earnings per share of $18.00 and adjusted earnings per share of $8.92. The company achieved net sales of $10.9 billion, a 13% increase from the prior year, driven by the Mobility & Materials acquisition. Despite a 10% decrease in price, the volume increased by 23%. Operating profit reached $1.7 billion, adjusted EBIT of $1.8 billion, and operating EBITDA of $2.4 billion. Celanese focused on reducing costs, improving cash flow, and deleveraging in 2023. The Acetyl Chain segment faced pricing challenges but managed to deliver solid earnings. Engineered Materials saw a 53% increase in net sales due to the M&M acquisition, although volume and pricing decreased. The company remains optimistic about future earnings growth supported by various projects and cost-saving initiatives.
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Celanese Low-Carbon ECO-CC Products Available Through U.S. Department of Energy Procurement Grant Program

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Celanese Corporation (CE) secures approval as a Utilization Procurement Grants vendor from the U.S. Department of Energy, offering low-carbon acetic acid under the ECO-CC product name. The company aims to support municipalities in meeting sustainability goals by providing circular solutions. Celanese's product offerings have shown significant reductions in greenhouse gas emissions and passed DOE's life cycle analysis review. This approval allows Celanese to work with value-chain partners to extend product usage opportunities to eligible U.S. government entities nationwide.
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Celanese Corporation Declares Quarterly Dividend of $0.70 Per Share

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Celanese Corporation (CE) has announced a quarterly cash dividend of $0.70 per share on its common stock, payable on March 5, 2024. The dividend is payable to stockholders of record as of February 20, 2024.
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Celanese and Under Armour Develop Innovative New NEOLAST™ Fiber for Use in Performance Stretch Fabrics

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Celanese Corporation and Under Armour, Inc. have collaborated to develop NEOLAST™ Fiber, an alternative to elastane for performance stretch fabrics. The new fiber offers powerful stretch, durability, comfort, and improved wicking while addressing sustainability challenges associated with elastane, including recyclability. It is produced using a proprietary solvent-free process and recyclable elastoester polymers, potentially improving the compatibility of stretch fabrics with future recycling systems and infrastructure.
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Celanese to Hold Fourth Quarter Earnings Conference Call on February 21, 2024

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Celanese Corporation (NYSE: CE) will host a conference call to discuss its Q4 2023 results on February 21, 2024. The company will distribute its earnings press release via newswire after the NYSE closes on February 20, 2024. A replay of the conference call will be available on demand until March 6, 2024.
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Celanese Begins Carbon Capture and Utilization Operations at Clear Lake, Texas, Facility

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Celanese Corporation (NYSE: CE) has announced the launch of a carbon capture and utilization (CCU) project at its Clear Lake, Texas site as part of its Fairway Methanol joint venture with Mitsui & Co., Ltd. The project is expected to capture 180,000 metric tons of CO2 industrial emissions and produce 130,000 metric tons of low-carbon methanol per year. Celanese plans to offer low-carbon options across its products under the ECO-CC name, leveraging CCU to meet the growing demand for sustainable solutions.
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FAQ

What is the current stock price of Celanese Corporation (CE)?

The current stock price of Celanese Corporation (CE) is $68.25 as of December 20, 2024.

What is the market cap of Celanese Corporation (CE)?

The market cap of Celanese Corporation (CE) is approximately 7.4B.

What does Celanese Corporation do?

Celanese produces acetic acid, specialty polymers, and cellulose derivatives used in various industries such as automotive, electronics, and coatings.

What are the primary markets for Celanese's products?

Celanese's products serve markets including automotive, electronics, medical, building, consumer goods, and chemicals.

Where is Celanese Corporation based?

Celanese Corporation is based in Irving, Texas, USA.

What are some recent achievements of Celanese?

Recent achievements include strong quarterly earnings, expansion of acetyl chain production, and new partnerships in specialty polymers.

How does Celanese contribute to innovation?

Celanese invests in R&D and partners with clients to bring innovative solutions to market, focusing on creating value and improving the world.

What makes Celanese a leader in its industry?

Celanese's extensive product portfolio, global production network, and commitment to innovation make it a leader in the chemicals and materials industry.

What are cellulose derivatives used for?

Celulose derivatives produced by Celanese are primarily used in cigarette filters and other specialty applications.

What is the significance of Celanese's acetic acid production?

Celanese is one of the largest producers of acetic acid, which is vital for various end markets including coatings and adhesives.

Who are the key personnel at Celanese?

Celanese is driven by a team of engineers, scientists, operators, product developers, and innovators who are committed to customer success.

How does Celanese ensure financial stability?

Celanese maintains financial stability through continuous investment in innovation, strategic partnerships, and expanding production capabilities.

Stock CE logo
Celanese Corporation

NYSE:CE

CE Rankings

#1017 Ranked by Market Cap
#759 Ranked by Dividends

CE Stock Data

7.43B
108.87M
0.41%
95.43%
4.64%
Chemicals
Plastic Material, Synth Resin/rubber, Cellulos (no Glass)
Link
United States of America
IRVING