Celanese Announces Price Increases for Engineered Materials Polymer Products
Thu, August 16 2018
DALLAS & AMSTERDAM & SHANGHAI--(BUSINESS WIRE)--
Celanese Corporation (NYSE: CE), a global specialty materials company,
today announced price increases on its propylene-based (PP) long fiber
thermoplastics (LFT), including Celstran®, and its
polybutylene terephthalate (PBT) and polyethylene terephthalate (PET)
compounded engineering plastics, including Celenex®, Vandar®,
Impet®, Pibiter®, OmniTech® and Compel®
due to continued increases in raw material costs globally as well as the
United States Trade Representative’s (USTR) implementation of a 25
percent tariff on PBT and PET products imported into the U.S. from
China. The price increases below will be effective for orders shipped on
or after August 23, 2018, or as contracts otherwise allow.
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Product
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Americas
(USD/kg)
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Europe
(EUR/kg)
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China
(CNY/kg)
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Asia Outside China
(USD/kg)
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Propylene-based (PP) LFT grades
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-
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-
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￥1.00
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-
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Polyamide 66-based long-fiber thermoplastic grades (PA66-LFT)
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-
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-
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￥3.00
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-
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PBT and PET
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+25%
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€0.13
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-
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$0.15
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Individual grades may be subject to a higher increase than specified
above. Celanese is a leading supplier of engineered materials and the
only supplier with global production facilities providing local supply
to all regions of the world. Celanese continues to support its customers
globally with a growing portfolio of products and functionalized grades.
The company is committed to enhancing its product offerings and
capabilities through ongoing investments in assets, technologies, and
product and application expertise.
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 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180816005076/en/
Celanese Contacts
Investor Relations:
Surabhi
Varshney, +1 972-443-3078
surabhi.varshney@celanese.com
or
Media
Relations – Global:
W. Travis Jacobsen, +1 972-443-3750
william.jacobsen@celanese.com
or
Media
Relations Asia (Shanghai):
Helen Zhang, +86 21 3861 9279
lan.zhang@celanese.com
or
Media
Relations Europe (Germany):
Jens Kurth, +49(0)69 45009 1574
j.kurth@celanese.com
Source: Celanese Corporation
