UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 
FORM 8-K
 
Current Report
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported) :   May 6, 2010
 

 
CELANESE CORPORATION
(Exact name of registrant as specified in its charter)
 
 
 
DELAWARE
(State or other jurisdiction  of incorporation)
001-32410
(Commission File Number)
98-0420726
(IRS Employer  Identification No.)
 
 
 
1601 West LBJ Freeway, Dallas, Texas 75234-6034
(Address of principal executive Offices) (Zip Code)
 
Registrant's telephone number, including area code: (972) 443-4000
 
Not Applicable
 (Former name or former address, if changed since last report):
 

 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
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ITEM 8.01                      OTHER EVENTS
 
On May 6, 2010, Celanese Corporation (the “Company”) issued a press release announcing that its Advanced Engineered Materials business has completed a transaction with The DuPont Company to acquire the DuPont™ Zenite ® liquid crystal polymer (LCP) and Thermx ® polycyclohexylene-dimethylene terephthalate (PCT) product lines. A copy of the pre ss release is attached to this Current Report as Exhibit 99.1 and is incorporated herein solely for purposes of this Item 8.01.

 
ITEM 9.01                      FINANCIAL STATEMENTS AND EXHIBITS
 
(d) Exhibits
 
 
Exhibit Number
Description
 
99.1
Press Release dated May 6, 2010

 

 
Page 2
 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

 
  Celanese Corporation  
       
Date:  May 6, 2010
By:
/s/ James R. Peacock III  
    Name:  James R. Peacock III  
    Title:   Vice President, Deputy General Counsel
            and Assistant Corporate Secretary
 
       


 
Page 3
 


 

 
Exhibit Index
 

 
Exhibit Number
Description
99.1
Press Release dated May 6, 2010

 

 
Page 4
 

EXHIBIT 99.1
News Release
 
Celanese Corporation
1601 West LBJ Freeway
Dallas, TX, 75234, USA



Celanese Enhances Advanced Engineered Materials Segment
Through Acquisition of Global LCP and PCT Product Lines from
DuPont Performance Polymers

DALLAS (May 6, 2010) – Celanese Corporation (NYSE:CE), a leading, global chemical company, today announced that its Advanced Engineered Materials business has completed a transaction to acquire two product lines, DuPont™ Zenite ® liquid crystal polymer (LCP) and Thermx ® polycyclohexylene-dimethylene terephthalate (PCT), from DuPont Performance Polymers.
 
“This acquisition will continue to build upon Celanese’s position as a global supplier of high performance materials and technology-driven applications as we continue to expand our innovative offerings in growth-oriented segments to support our customers,” said David Weidman, chairman and CEO, Celanese. “These two products broaden the company’s Ticona Engineering Polymers offerings, enabling Celanese to respond to a globalizing customer base, especially in the high growth electrical and electronics application segments.”
 
“As the leading supplier of high performance engineering resins, DuPont Performance Polymers is fully committed to growing and strengthening its broad product portfolio,” said Diane Gulyas, president, DuPont Performance Polymers. “DuPont Performance Polymers has concluded that this opportunity to divest Zenite ® LCP and Thermx ® PCT is in the best long-term interests of our portfolio and customers. We will work closely with Celanese to make the transition period as effective as possible for our customers.”
 
Page 2 of 3
 
Revenues of Zenite ®   LCP and Thermx ® PCT were approximately US$40 million in 2009 during a period of global economic recessionary conditions. The acquisition price is not being disclosed at this time.
####
 
 
Celanese Contacts:
Investor Relations
Mark Oberle 
Phone: +1 972 443 4464
Telefax: +1 972 332 9373 
Mark.Oberle@celanese.com                                                                      
Media – Americas 
W. Travis Jacobsen
Phone: +1 972 443 3750
Telefax: +1 972 443 8519
William.Jacobsen@celanese.com
Media – Europe
Jens Kurth
Phone: +49-(0) 6107-772-1574
Telefax: +49-(0) 6107-772-7231
J.Kurth@celanese.com
     
DuPont Media Contact
Cathy Branciaroli
Phone: +1 302 992 2825
Telefax: +1 302 355 2851
Cathleen.a.branciaroli@usa.dupont.com
   
 
About Celanese
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 $5.1 billion in 2009, with approximately 73% 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 7,400 employees worldwide. For more information on Celanese Corporation, please visit the company's website at www.celanese.com .
 
About Ticona
Ticona, the technical polymers business of Celanese Corporation, produces and markets a broad range of engineering polymers and generated sales of $808 million in 2009. The company has more than 1,450 employees worldwide and operates production, compounding and research facilities in the USA, Germany, Brazil and China. For further information please visit www.ticona.com .
 
About DuPont Performance Polymers
The DuPont Performance Polymers business manufactures and sells Crastin® PBT and Rynite® PET thermoplastic polyester resins, Delrin® acetal resins, Hytrel® thermoplastic polyester elastomers, DuPont™ ETPV engineering thermoplastic vulcanizates, Minlon® mineral reinforced nylon resins, Neoprene polychloroprene, Tynex® filaments, Vespel® parts and shapes, Kalrez® perfluoroelastomer parts, Vamac® ethylene acrylic elastomers (AEM), Viton® fluoroelastomers, Viton® FreeFlow™ processing aids, Zytel® nylon resins and Zytel® HTN high-performance polyamides. These products serve global markets in the aerospace, appliance, automotive, consumer, electrical, electronic, healthcare, industrial, sporting goods and many other diversified industries.  For more information, please visit the website at http://www2.dupont.com/Our_Company/en_US/business/performance_polymers.html.
 
Except where indicated otherwise, all brand names listed here are registered trademarks of DuPont, Celanese Corporation, Ticona or their affiliated companies.
 

 
 
 
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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, 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, including the purchase of two DuPont product lines.  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, including with respect to the acquisition.  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.