Celanese to Optimize Engineered Materials Compounding Footprint in Asia Region

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Key Terms

pet technical

Positron emission tomography (PET) is a medical imaging test that creates a live map of how organs and tissues are working by tracking a tiny, safe amount of radioactive tracer inside the body. For investors, PET matters because it’s often used in clinical trials and diagnosis to show whether a drug or treatment is affecting disease — think of it as a performance meter that can speed regulatory decisions, change market forecasts, and affect a product’s commercial value.

polyethylene terephthalate technical

Polyethylene terephthalate is a widely used plastic made into clear beverage bottles, food containers and textile fibers — think of it as a lightweight, shatter-resistant 'glass substitute' for everyday packaging. Its price, availability and recyclability matter to investors because changes affect manufacturers' costs, profit margins and exposure to environmental regulations and consumer shifts toward sustainable products, much like fuel costs shape transportation businesses.

pa technical

pa stands for “per annum,” meaning “for each year,” and is used to show an annual rate for interest, returns, fees or growth. It lets investors compare how quickly money will grow or cost them over a year — like comparing vehicle speeds in miles per hour — so you can judge which investments, loans or savings options are better on a consistent yearly basis.

polyamide technical

Polyamide is a class of plastics and fibers—think of it as long chains of repeating chemical links (like a beaded necklace)—that includes well-known materials such as nylon and other engineered nylons used in clothing, automotive parts, electronics, and industrial components. It matters to investors because polyamides are a basic industrial input: changes in their cost, availability, regulation or recyclability can affect manufacturers’ margins, product performance and supply chains, making them a driver of earnings and capital spending in many sectors.

pbt technical

Profit before tax (PBT) is a company’s earnings after all operating costs and interest are paid but before income taxes are subtracted. Think of it as the size of the paycheck before the tax withholdings are taken out; it shows how much the business generated from its operations and financing decisions alone. Investors use PBT to compare underlying profitability across companies and periods without tax differences masking performance.

polybutylene terephthalate technical

A strong, heat-resistant engineering plastic used to make durable parts such as connectors, gears, and housings in electronics, automotive, and appliances. Think of it as the tough, heat-tolerant version of everyday plastic that manufacturers mold into precise, long-lasting components. For investors, shifts in the price, availability, or regulatory status of this resin can affect costs, production timelines and product reliability for companies that rely on it, influencing margins and supply-chain risk.

htn technical

htn stands for hypertension, a medical condition where blood pressure is chronically higher than normal. Like too much pressure in a garden hose wears out the hose over time, high blood pressure strains the heart and blood vessels; for investors this matters because hypertension affects a large portion of the population and drives demand for drugs, devices and diagnostic tests, so clinical trial results, approvals or guideline changes can materially affect a company’s revenue and risk profile.

high-temperature nylon technical

High-temperature nylon is a family of engineered plastic materials designed to keep their strength and shape at much higher heat than ordinary plastics — think of an oven-safe version of common plastic. Investors care because these materials are used in demanding products like engines, electronics and industrial parts where durability and safety command higher prices; changes in demand, cost, supply or new alternatives can affect manufacturers’ sales, margins and competitive position.

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06/04/2026 - 05:30 PM

Company announces closure of Ulsan, South Korea facility to advance ‘Grow & Fortify’ strategy

DALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced a critical production network optimization step in support of the ‘Grow & Fortify’ strategy of its Engineered Materials business. Over the past several years, Celanese has taken significant measures to ensure reliability of supply by investing in world-class compounding assets globally and by working to provide its customers with engineered materials products of superior quality, performance and reliability.

Today’s network optimization announcement will result in the closure of the Company’s Engineered Materials compounding facility in Ulsan, South Korea. Celanese is planning to cease all manufacturing and production operations at the Ulsan facility immediately. The Company intends to fully support its customers to fulfill all contractual obligations and ensure a smooth transition of production and compounding activities to other Celanese manufacturing locations in the region.

The production volumes from the Ulsan facility will be transferred to the Company’s Nanjing and Shenzhen plants in China, and to its plant in Silvassa, India. Celanese is undertaking these actions to fortify the operating structure of its Engineered Materials business, while optimizing the company’s cost and manufacturing production footprint to leverage its world-class compounding assets in Shenzhen, Nanjing and Silvassa. These actions are also expected to strengthen the Company’s regional supply chain network.

Celanese products such as PET (Polyethylene Terephthalate), PA (Polyamide), PBT (Polybutylene Terephthalate) and HTN (High-Temperature Nylon) are critical to driving industry and regional growth. The broader Asia region represents opportunities for expansion, and Celanese is building manufacturing and compounding capabilities close to its customer base to better meet this growing demand.

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 support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs approximately 11,000 employees worldwide with 2025 net sales of $9.5 billion.

Forward Looking Statements

This release may contain “forward-looking statements,” which include information concerning the Company’s plans, objectives, goals, strategies, future revenues, cash flow, operations, supply chains, financial condition and other information that is not historical information. When used in this release, the words “expects,” “anticipates,” “plans,” “intends,” “believes,” “will,” and variations of such words or similar expressions are intended to identify forward-looking statements. 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 in this release. 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. These factors include those that are discussed in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.