DALLAS, TX and MARTINSRIED, GERMANY / ACCESSWIRE / March 20, 2024 / Celanese Corporation (NYSE:CE), a global specialty materials and chemical company, and Secarna Pharmaceuticals GmbH & Co. KG, a leading independent European antisense drug discovery and development company, today announced a research collaboration for the development of long-acting implants that deliver antisense oligonucleotides (ASOs). ASOs are synthetic molecules designed to target specific messenger RNA to prevent the...
Biesterfeld and Celanese: global expansion and enhanced joint portfolio as of 2024 PR Newswire HAMBURG, Germany, Jan. 3, 2024 HAMBURG, Germany , Jan. 3, 2024 /PRNewswire/ -- International distributor Biesterfeld and leading technical plastics manufacturer Celanese are further expanding their collaboration in the new year. The partners have agreed to enhance their joint portfolio and to cooperate to develop new markets. Extended distribution rights in the EMEA region Biesterfeld will continue to...
Biesterfeld and Celanese: global expansion and enhanced joint portfolio as of 2024 PR Newswire HAMBURG, Germany, Jan. 2, 2024 HAMBURG, Germany , Jan. 2, 2024 /PRNewswire/ -- International distributor Biesterfeld and leading technical plastics manufacturer Celanese are further expanding their collaboration in the new year. The partners have agreed to enhance their joint portfolio and to cooperate to develop new markets. Extended distribution rights in the EMEA region Biesterfeld will continue to...
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced a series of recent transactions to extend its debt maturity profile and lower the total effective net borrowing rate to the Company. “As we stated last summer and more recently with our second quarter earnings, when we secured financing for the M&M acquisition, we intentionally built a shorter-term debt maturity profile to avoid locking in abnormally wider spreads on longer-term debt and to...
Celanese Corporation (NYSE: CE) (“Celanese”), a global chemical and specialty materials company, today announced that its direct wholly-owned subsidiary Celanese US Holdings LLC (the “Company”) has commenced a cash tender offer (the “Tender Offer”) to purchase the outstanding notes listed in the table below (collectively, the “Notes” and each a “Series” of Notes) having an aggregate purchase price (excluding accrued interest) of up to $1.75 billion (the “Maximum Aggregate...
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported second quarter 2023 GAAP diluted earnings per share of $2.00 and adjusted earnings per share of $2.17. The Company generated net sales of $2.8 billion in the quarter, a decrease of 2 percent from the prior quarter, reflecting a sequential decrease in pricing of 4 percent partially offset by a sequential increase in volume of 2 percent. The Company reported second quarter consolidated operating...
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable August 14, 2023. The dividend is payable to stockholders of record as of July 31, 2023. About Celanese Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of...
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its second quarter 2023 results on Tuesday, August 8, 2023, beginning at 10:00 a.m. ET. The conference call will be available by webcast at https://investors.celanese.com or by phone: Dial-in Number: 1-877-407-0989 International Dial-In Number: 1-201-389-0921 Alternatively, to enter the call immediately without waiting for operator assistance,...
Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced it has won the 2023 Manufacturing Leadership Award for its outstanding achievement in the Digital Network Connectivity category. The award, which was announced by both the Manufacturing Leadership Council and the National Association of Manufacturers, recognizes the company’s efforts to deploy a private 5G network at the company’s Clear Lake, Texas facility to enable its global strategic...
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, and Mitsui & Co., Ltd. today announced the signing of a definitive agreement to form a Food Ingredients joint venture under the name Nutrinova . Celanese will contribute the assets, technology and employees of its Food Ingredients business while retaining a 30 percent stake in the joint venture. Mitsui will acquire the remaining 70 percent stake at a purchase price of $472.5 million, representing an enterprise...
Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced price increases for Vamac® AEM by 2 EUR/kg in the EMEA region and by 2.2 USD/kg in Asia Pacific and the Americas. These price increases will be effective on June 1, 2023, or as contracts otherwise allow. Additionally, individual grades may be subject to higher increases than specified above. About Celanese Celanese Corporation is a global chemical leader in the production of differentiated chemistry...
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported first quarter 2023 GAAP diluted earnings per share of $0.86 and adjusted earnings per share of $2.01. The Company generated net sales of $2.9 billion in the quarter, an increase of 22 percent over the prior quarter. Net sales reflected a sequential volume increase of 19 percent over the prior quarter that was partially offset by a pricing decrease of 4 percent. Volume increased due to an additional...
Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable May 15, 2023. The dividend is payable to stockholders of record as of May 1, 2023. About Celanese Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of...
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its first quarter 2023 results on Wednesday, May 10, 2023, beginning at 10:00 a.m. Eastern time. The conference call will be available by webcast at https://investors.celanese.com or by phone: Dial-in Number: 1-877-407-0989 International Dial-In Number: 1-201-389-0921 Ask for the Celanese Webcast Alternatively, to enter the call immediately without...
Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced that it has entered into an agreement with Glaukos Corporation to supply its VitalDose ® Drug Delivery Platform for use as a component in Glaukos’ iDose ® TR , a micro-invasive intraocular implant designed to lower intraocular pressure in patients with primary open-angle glaucoma or ocular hypertension. iDose TR is designed to address patient non-adherence and chronic side effects associated...
Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, and Alessa Therapeutics announced their collaboration for developing a new oncology drug product leveraging Alessa’s expertise on sustained localized drug delivery and the Celanese VitalDose ® EVA drug delivery platform. The collaboration will focus on developing a localized and sustained-release drug delivery system for oncology patients that will limit systemic side effects and improve overall treatment....
Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced price increases for Hytrel® TPC resins by 0.45 EUR/kg in the EMEA region and by 0.5 USD/kg in Asia Pacific and the Americas. These price increases will be effective on March 15, 2023, or as contracts otherwise allow. Additionally, individual grades may be subject to higher increases than specified herein. About Celanese Celanese Corporation is a global chemical leader in the production of...
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported highest-ever GAAP diluted earnings per share of $17.41 and second-highest ever adjusted earnings per share of $15.88 for full year 2022. The Company generated record net sales of $9.7 billion in the year, an increase of 13 percent over the prior record set in 2021. Full year net sales reflected increases in pricing and volume of 11 percent and 6 percent over 2021, respectively. The Company...
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, announced today two joint venture (JV) actions with Mitsui & Co., Ltd. to extend their longstanding strategic partnership. Formation of Food Ingredients Joint Venture Celanese announced today the signing of a term sheet to form a Food Ingredients JV with Mitsui, subject to customary approvals. Through this transaction, Celanese will contribute its Food Ingredients business, inclusive of assets, technology, and...
Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced today the completion of an ultra-low capital project to repurpose existing manufacturing and infrastructure assets to unlock additional ethylene vinyl acetate (EVA) capacity at its Edmonton, Alberta facility. The expansion supports significant growth in the Acetyl Chain’s downstream vinyls portfolio. “The rapidly increasing demand for sustainable energy sources throughout the world, such as solar...