EXHIBIT
99.1
1601 West LBJ Freeway
Dallas, Texas 75234-6034
Celanese Resolves Legacy Items
Settles Lawsuit and Announces Intent to Divest Interest in Certain Site Services Ventures
Dallas, June 13, 2008
- Celanese Corporation (NYSE: CE) today announced actions to resolve certain
legacy items. The company entered into a settlement agreement with the plaintiffs in the
consolidated proceeding styled
In re Polyester Staple Antitrust Litigation
, MDL 1516, previously
disclosed in the companys periodic reports filed pursuant to the Securities Exchange Act of 1934.
Pursuant to the settlement agreement, the plaintiffs have dismissed their claims in consideration
of a payment by the company of $107 million. The litigation related to sales by the polyester
staple fibers business, which Hoechst AG sold to KoSa, Inc. in 1998. In 1999, Celanese was
demerged from Hoechst. This settlement resolves a substantial portion of the companys potential
exposure with respect to sales of polyester staple fiber. Additional terms were not disclosed.
The company also announced its intent to divest its ownership interest in several legacy Infraserv
investments where Celanese no longer has manufacturing operations. The Infraserv investments,
located in Knapsack, Gendorf, and Wiesbaden, Germany, own and develop industrial parks and provide
on-site general and administrative support to tenants. These businesses contributed a total of
approximately $9 million in pre-tax earnings to Celanese in 2007.
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Contacts:
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Investor Relations
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Media
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Mark Oberle
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Jeremy Neuhart
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Phone: +1 972 443 4464
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Phone: +1 972 443 3750
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Telefax: +1 972 332 9373
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Telefax: +1 972 443 8519
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Mark.Oberle@celanese.com
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Jeremy.Neuhart@celanese.com
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As a global leader in the chemicals industry, Celanese Corporation makes products essential to
everyday living. Our products, found in consumer and industrial applications, are manufactured in
North America, Europe and Asia. Net sales totaled $6.4 billion in 2007, with approximately 70%
generated outside of North America. Known for operational excellence and execution of its business
strategies, Celanese delivers value to customers around the globe with innovations and
best-in-class technologies. Based in Dallas, Texas, the company employs approximately 8,400
employees worldwide. For more information on Celanese Corporation, please visit the companys
website at
www.celanese.com.
Forward-Looking Statements
This release may contain forward-looking statements, which include information concerning the
companys plans, objectives, goals, strategies, future revenues or performance, capital
expenditures, financing needs 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 expectations or that these beliefs 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 companys control, could cause actual results to differ materially from those expressed as
forward-looking statements. Certain of these risk factors are discussed in the companys 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.