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Celanese
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Celanese Corporation is a leading global integrated producer of chemicals and advanced materials headquartered in Dallas, Texas. The company is one of the world's largest producers of acetyl products, which are intermediate chemicals for nearly all major industries, as well as a leading global producer of high-value end-use applications.
Celanese is the world's largest producer of acetyl products, including acetic acid, vinyl acetate monomer (VAM) and polyacetals (POM).
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Encyclopedia
Celanese Corporation is a leading global integrated producer of chemicals and advanced materials headquartered in Dallas, Texas. The company is one of the world's largest producers of acetyl products, which are intermediate chemicals for nearly all major industries, as well as a leading global producer of high-value end-use applications.
Celanese is the world's largest producer of acetyl products, including acetic acid, vinyl acetate monomer (VAM) and polyacetals (POM). Celanese operations are primarily located in North America, Europe and Asia, with the largest plant in Clear Lake, Texas, which is home to the world's largest acid production unit.
History
In 1918, the American Cellulose & Chemical Manufacturing Company is founded in New York by Camille Dreyfus.
A Celanese Plant was located at Amcelle, between Cumberland and Cresaptown, Maryland. The plant was served by the Baltimore & Ohio (B&O) rail line, and was a major consumer of coal. It received bulk shipments of industrial chemicals and raw cotton fiber, and shipped out its fabric products in quantity. The B&O also provided passenger service to the plant, for Celanese workers. The plant had its own extensive networks of rail lines on the property. It became a major employer in Allegany County, and most families in the area have one or more relatives that worked for the plant at its peak. At one time, 13,000 employees worked there.
The American Cellulose and Chemical Manufacturing Co. Ltd plant was set up during World War I to produce cheaper fabric for airplane manufacturing. The plant location was chosen inland to protect against Zeppelin attacks. It was also sighted in proximity to a ready source of water at the Potomac River, and easy access to coal supplies and railroad lines. After a series of delays, actual production began in 1924 with a series of commercial fabrics and yarns intended as alternatives to silk. The plant was closed in the 1960's, and was torn down to provide a space for a new Federal Prison.
In 1927, the American Cellulose & Chemical Manufacturing Company changes its name to "Celanese Corporation of America."
In 1986, its pharmaceutical business was spun off as Celgene.
In 1987, Celanese Corporation is acquired by Hoechst and merged with its American subsidiary, American Hoechst, to form Hoechst Celanese Corporation.
In 1998, Hoechst combines most of its industrial chemical operations in a new company, which it calls Celanese AG.
In 1999 Hoechst spins off Celanese AG as a publicly-traded, German corporation, traded on both the Frankfurt and New York stock exchanges.
In July 1999, Hoechst (parent company) agreed to spin off Celanese into an independent company. By October 1999, Celanese became a publicly traded German stock corporation listed on the New York and Frankfurt stock exchanges.
However, on 16 December 2003, the US private equity firm Blackstone Capital Partners announced a takeover offer for Celanese. Shareholders formally approved the offer from Blackstone on 16 June 2004.
In 2004, Blackstone Capital Partners acquires the stock of Celanese AG. Celanese is delisted from the New York Stock Exchange. Blackstone changes its name to Celanese Corporation. In 2004, Celanese generated sales of around US$ 5.07 billion and had about 9,100 employees.
On 21, January 2005, Celanese Corporation conducts an initial public offering (IPO) and becomes a publicly-traded corporation. Its symbol on the New York Stock Exchange is "CE."
In 2005, Celanese generated net sales of around US$6.1 billion and had about 9,300 employees.
In 2006, Celanese generated net sales of around US$6.6 billion and had about 8,900 employees.
In 2007, Celanese generated net sales of around US$6.4 billion and had about 8,400 employees.
In 2008, Celanese generated net sales of around US$6.8 billion and had about 8,000 employees.
Product Portfolio
Acetyl Intermediates
Acetyl Intermediates is its largest segment, with a product range consisting of basic chemicals such as acetic acid and vinyl acetate. Industrial Specialties manufactures performance chemicals such as polyvinyl alcohol and emulsions, and specialty chemicals. Customers of Acetyl Intermediates and Industrial Specialties are in the chemical, paint and coatings, construction, and adhesive industries. Major products include: acetic acid, vinyl acetate and value-added derivatives. Major end-use markets include colorants, paints, adhesives and coatings.
Advanced Engineered Materials
Advanced Engineered Materials (AEM) offers value-adding products and services for its customers in the automotive, electronics, telecommunications and medical industries. Major products include: engineered plastics for fuel system components, conveyor belts, electronics, safety systems, emissions filtration and fluid handling.
Ticona is pursuing new applications, expanding capacities and technological development in close cooperation with customers. Together with its alliance partners, Ticona expands its market presence in Asia. At the same time, measures to increase productivity and reduce cost are being implemented.
Consumer & Industrial Specialties
Celanese is one of the world's largest producers of acetate tow. Acetate products are primarily used in cigarette filters, as well as in the production of fashion apparel and linings. The Acetate Products business is building and expanding existing partnerships in China, maintaining cost leadership and optimizing its acetate production base. Major consumer products include: acetate tow and acetate flake, sweeteners and preservatives. Major end-use markets include filter products, beverages, confections, baked goods, and dairy products. Major industrial products include: polyvinyl alcohol, emulsions, and basic polymers. Major end-use markets include paper, building and construction textiles, paints, coatings, adhesives and packaging.
The food ingredients business Nutrinova produces the high intensity sweetener Sunett (acesulfame K), the preservatives Nutrinova sorbates, and health-promoting food ingredients.
Nutrinova continues to strengthen its business with volume growth for Sunett and implementing measures to increase productivity in its preservatives business.
About Celanese
As a global leader in the chemicals industry, Celanese Corporation makes products essential to everyday
living. Celanese products, found in consumer and industrial applications, are manufactured in North America,
Europe and Asia. Net sales totaled $6.8 billion in 2008, with approximately 65% 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 8,000 employees worldwide. For more information on Celanese
Corporation, please visit the company's website at www.celanese.com
External links
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