Celanese Corporation Lifts Force Majeure on Certain Western Hemisphere Acetyl Chain Products
Celanese Corporation Lifts Force Majeure on Certain Western Hemisphere Acetyl Chain Products
Celanese Corporation (NYSE: CE) has announced the lifting of the force majeure declared on May 11, 2022, for several Acetyl Chain products in the Western Hemisphere, including acetic acid and vinyl acetate monomer.
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
DALLAS--(BUSINESS WIRE)--
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today confirmed that is it lifting the force majeure declared on May 11, 2022, for the following Acetyl Chain products in the Western Hemisphere:
Acetic acid
Vinyl acetate monomer (VAM)
Ethyl acetate
Acetic anhydride
Vinyl and acrylic emulsions
Redispersible powders
Ethylene vinyl acetate polymers
Due to ongoing supply chain disruptions and an inability to reliably obtain certain necessary raw materials, Celanese is unable to lift the force majeure in connection with its acetate tow products. Celanese is continuing to assess our suppliers’ and logistics partners’ ongoing operational issues and will provide notice of when normal supply of these products will resume.
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's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 8,500 employees worldwide and had 2021 net sales of $8.5 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com.