Celanese Announces Price Increases for Engineered Materials Polymer Products

Tue, January 16 2018

DALLAS, AMSTERDAM & SHANGHAI--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today announced price increases on its Hostaform® / Celcon® Polyacetal (POM) grades, PBT grades [Celanex® PBT, Impet® PET, Vandar® PBT Alloys, Pibifor® PBT, Pibiter® PBT], TPC grades [Pibiflex®, Riteflex®], and LCP grades [Vectra®, Zenite®, Thermx®].

The price increases below will be effective February 15, 2018, or as contracts otherwise allow.

           
Product     Americas

(USD/kg)

    Europe

(EUR/kg)

    Asia

(USD/kg)

Hostaform® / Celcon® Polyacetal (POM) grades     $0.30     €0.30     $0.30
PBT grades     $0.25     €0.20     $0.25
Pibiflex® and Riteflex®     $0.55     €0.45     $0.55
LCP in %     7%     7%     10%
 

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 compounding 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 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 7,500 employees worldwide and had 2016 net sales of $5.4 billion. For more information about Celanese and our 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.

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