Celanese Initiates Expansion Program of POM Production Assets

Mon, April 30 2018

Debottlenecking to help meet customer demand for specialty engineered materials

DALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global specialty materials company, today announced it is in the initial stages of a capital efficient debottlenecking project of its polyoxymethylene (POM) production lines to support the continued growth in its engineered materials business.

“As the global demand for specialty materials continues to grow and the sophistication in functionalized polymers increases, Celanese is partnering with our customers to deliver innovative solutions,” said Scott Sutton, Celanese Chief Operating Officer. “The debottlenecking of Celanese’s POM polymer production lines will support a growing customer base and respond to the increasing complexity in high-performance polymers.”

This additional production of POM will allow Celanese to continue to grow its leadership market position according to the needs of the industry.

Phase I of the debottlenecking project is expected to be completed in 2020, and Phase II of the project will be completed shortly thereafter.

About Celanese

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2017 net sales of $6.1 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.

All registered trademarks are owned by Celanese International Corporation or its affiliates.

Forward-Looking Statements

This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company or its customers will realize these benefits or that these expectations will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond the company’s control, could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed in the company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.

Celanese Corporation
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Surabhi Varshney, +1-972-443-3078
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Helen Zhang, +86 21 3861 9279
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Source: Celanese Corporation