Celanese Corporation Lifts Force Majeure on Western Hemisphere Acetic Acid and VAM
August 08 2024 - 4:15PM
Business Wire
Celanese Corporation (NYSE: CE), a global chemical and specialty
materials company, today confirmed that the force majeure declared
for acetic acid and vinyl acetate monomer (VAM) sold in the Western
Hemisphere has ended and the underlying supply chain conditions
behind the declaration have stabilized.
“We were pleased to be able to meet the product needs of
virtually all of our contracted customers during this challenging
period by relying on our integrated and flexible supply chain
model,” said Mark Murray, senior vice president of the Acetyl
Chain. “Celanese is committed to continuing to work closely with
all of our critical raw material suppliers to mitigate the risk of
similar events arising in the future.”
About Celanese
Celanese is a global leader in chemistry, producing specialty
material solutions used across most major industries and consumer
applications. Our businesses use our chemistry, technology and
commercial expertise to create value for our customers, employees
and shareholders. We are committed to sustainability by responsibly
managing the materials we create for their entire lifecycle and are
growing our portfolio of sustainable products to meet increasing
customer and societal demand. We strive to make a positive impact
in our communities and to foster inclusivity across our teams.
Celanese is a Fortune 500 company that employs approximately 12,400
employees worldwide with 2023 net sales of $10.9 billion.
Forward-Looking Statements
The information set forth in this release contains certain
“forward-looking statements,” which include information concerning
the Company’s plans, objectives, goals, future revenues, financial
performance, expected future costs and other information that is
not historical information. 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 herein. 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.
Certain of these risk factors are discussed under the heading “Risk
Factors” in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2023 and other filings with the Securities and
Exchange Commission. Any forward-looking statement speaks only as
of the date it is made, and the Company undertakes no obligation to
update any forward-looking statements to reflect events or
circumstances after the date the statement is made.
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version on businesswire.com: https://www.businesswire.com/news/home/20240808366004/en/
Investor Relations Bill Cunningham +1 484 905 1129
william.cunningham@celanese.com
Media Relations – Global Brian Bianco +1 972 443 4400
media@celanese.com
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