Celanese Announces Charges on Engineered Materials Product Shipments
Mon, March 26 2018
DALLAS & AMSTERDAM & SHANGHAI--(BUSINESS WIRE)--
Celanese Corporation (NYSE: CE), a global technology and specialty
materials company, today announces that it will implement supplemental
charges on all engineered materials product shipments effective on all
orders received on or after April 1, 2018 for all non-contract business.
The addition of this charge is necessary due to the recent and
significant product and logistics cost increases.
This charge will be $100 per metric ton for all product shipments until
further notice. The charge is in addition to product price increases.
Celanese Chief Operating Officer Scott Sutton commented: “The tight
supply chain and resulting cost increases we are experiencing make this
step necessary. We will work closely with all non-contract customers to
handle this situation in the best possible manner.”
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 two complementary
business cores, Acetyl Chain and Materials Solutions, use the full
breadth of Celanese's global chemistry, technology and business
expertise to create value for our customers 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 7,600 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.
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Celanese Corporation
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
