Celanese Outlines Strategic Actions Across Its Global Acetyl Chain
Celanese Corp. recently announced several strategic milestones at its Clear Lake, Texas, and Nanjing, China, plants. The actions enhance the competitive cost position, sustainable footprint, and operational flexibility of the Acetyl Chain (AC) business and allow it to meet future demand growth. These include:
“Our teams in Clear Lake and Nanjing did an incredible job of working both across our business and with valued partners like Chengzhi to deliver on key operational investments that improve our optionality and position us to increase foundational earnings through expected adjusted EBIT by $100 million to $1.4 billion as we previously reported,” said Mark Murray, senior vice president, Acetyls, Celanese. “These moves not only advance our ability to meet customer requirements with a flexible, low-cost approach, but also makes us well-positioned for future global and regional growth.”