Exhibit 99.1
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News Release
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Celanese Corporation
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1601 West LBJ Freeway
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Dallas, Texas 75234-
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6034
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Celanese Corporation to Receive Advance Payment from Frankfurt Airport
Settlement
DALLAS, February 2, 2009 Celanese Corporation (
NYSE:CE
), a leading global chemical company,
today announced that it has reached an agreement with the Frankfurt, Germany, Airport (Fraport AG)
to receive an advance payment of
323 million associated with the relocation of its Ticona business
in Kelsterbach, Germany. This advance payment will be in lieu of the payments of
200 million and
140 million originally scheduled to be paid in June 2009 and June 2010, respectively.
Receiving this advance payment from Fraport is a cost-effective way to manage the expenses and
cash associated with the relocation, said Steven Sterin, senior vice president and chief financial
officer.
In the original settlement agreement finalized in 2007, Fraport agreed to pay the company a total
of
670 million over a five-year period for the costs associated with the transition of the Ticona
business from the current location and the closure of the Kelsterbach plant. Since the agreements
inception, the company has received
220 million in proceeds associated with the settlement and
expects to receive a final payment of
110 million in 2011 in accordance with the original terms of
the agreement. Ticonas operations will be relocated from Kelsterbach to the Hoechst Industrial
Park in the Rhine Main area by mid-2011.
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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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W. Travis Jacobsen
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Phone: +1 972 443 4464
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Phone: +1 972 443 3750
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Telefax: +1 972 443 8519
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Telefax: +1 972 443 8519
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Mark.Oberle@celanese.com
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William.Jacobsen@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.