Welcome to our dedicated page for Celanese Del news (Ticker: CE), a resource for investors and traders seeking the latest updates and insights on Celanese Del stock.
Celanese Corporation (NYSE: CE) is a global specialty materials and chemical company that regularly issues news and updates related to its operations, financial performance and strategic decisions. The company describes itself as a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Its news flow reflects both its role in the basic organic chemical manufacturing industry and its position as a Fortune 500 company.
Investors following Celanese news can expect frequent announcements on earnings and investor communications. The company issues press releases and hosts conference calls and webcasts to discuss quarterly financial results, as seen in its announcement of a fourth quarter earnings conference call and related 8-K filings. Celanese also participates in investor events, including fireside chats with financial institutions, where its President and Chief Executive Officer presents to investors and analysts.
Celanese news also covers capital structure and financing activities. Recent releases describe registered offerings of senior notes by its subsidiary Celanese US Holdings LLC, the pricing and upsizing of those offerings, and cash tender offers for existing senior notes due in 2027 and 2028. Related updates explain how proceeds are used to repay borrowings under a term loan credit agreement, fund tender offers and support general corporate purposes.
Operational and portfolio developments appear in the company’s news as well. Celanese has announced the intended closure of an acetate tow production facility in Lanaken, Belgium, to streamline production costs, and the signing of a purchase and sale agreement to divest its Micromax® portfolio of products. Other news highlights sustainability-related milestones, such as achieving ISCC Carbon Footprint Certification for certain POM ECO-C grades at production sites in Frankfurt, Germany, and Bishop, Texas, reflecting the company’s stated focus on responsible material management and sustainable products.
By monitoring Celanese news, readers can track updates on governance changes, such as Board member resignations, sustainability initiatives, financing transactions and scheduled earnings events that shape the company’s strategic direction.
Celanese Corporation (NYSE: CE) has announced a collaboration with Alessa Therapeutics to develop a new oncology drug using Alessa's sustained localized drug delivery technology. The partnership aims to enhance treatment for oncology patients by reducing systemic side effects.
According to Alessa's Vice President, the collaboration has facilitated the rapid development of their drug candidate, with plans to advance to human studies later this year. Celanese emphasized its commitment to improving therapeutic outcomes through innovative drug delivery solutions.
Celanese Corporation (NYSE: CE), a leader in specialty materials, announced price hikes for Hytrel® TPC resins, set to take effect on March 15, 2023. The increases include 0.45 EUR/kg in the EMEA region and 0.5 USD/kg in both Asia Pacific and the Americas. Individual grades may experience greater hikes as per contract terms. Celanese, headquartered in Dallas, reported $9.7 billion in net sales for 2022 and employs around 13,000 people globally.
Celanese Corporation (NYSE: CE) reported record GAAP diluted EPS of $17.41 and adjusted EPS of $15.88 for 2022, achieving net sales of $9.7 billion, up 13% from 2021. Despite significant raw material and energy cost inflation of over $1.2 billion, the company offset these pressures through pricing increases. The acquisition of DuPont's Mobility & Materials business significantly contributed to Celanese's performance. In Q4 2022, GAAP diluted EPS was $7.03, with adjusted EPS of $1.44, reflecting challenges from destocking and demand fluctuations, particularly in Asia. The company anticipates improved earnings in Q1 2023, projecting adjusted EPS between $1.50 to $1.75.
Celanese Corporation (NYSE: CE) announced a strategic partnership expansion with Mitsui & Co., Ltd., including a new Food Ingredients joint venture (JV) and an extension of the Fairway Methanol LLC JV. Celanese will contribute its Food Ingredients business to the JV, retaining a 30% stake, while Mitsui will own 70%. The Food Ingredients segment generated $170 million in 2022 net sales and $45-$50 million in EBITDA. The Fairway Methanol JV will now operate through 2045 and is set for an expansion to 1.62 million metric tons, utilizing recycled CO2 in production. The expected closure for these transactions is Q3 2023, with proceeds aimed at debt reduction.
Celanese Corporation (NYSE: CE) announced the successful completion of an ultra-low capital project to boost ethylene vinyl acetate (EVA) capacity at its Edmonton, Alberta facility. This expansion will provide a 35% increase in EVA capacity starting Q1 2023, contributing approximately $10 million per year in additional operating EBITDA. The demand for EVA, particularly in solar applications, is projected to grow at a double-digit compounded annual rate through 2028. This strategic move strengthens Celanese's position in the acetyls market, enhancing its capability to meet rising demand across various high-value applications.
Celanese Corporation (NYSE: CE) has announced a collaboration with Johns Hopkins University Department of Ophthalmology to study sustained drug delivery to the eye's suprachoroidal space. This approach aims to reduce the frequency of ocular injections for retinal disorders. Utilizing the VitalDose® Drug Delivery Platform, the bioinert implant promises over six months of continuous therapeutic delivery, enhancing patient compliance. The Celanese Development & Feasibility Lab will conduct parts of the research, supporting the development of long-acting drug delivery systems.
Celanese remains committed to improving healthcare solutions in ophthalmology and other fields.
Celanese Corporation (NYSE: CE) declared a quarterly cash dividend of $0.70 per share on common stock, set to be paid on March 7, 2023. Stockholders of record as of February 21, 2023 will receive this dividend. Celanese is a global leader in specialty materials and chemicals, leveraging advanced chemistry and technology to serve various industries. In 2021, the company reported net sales of $8.5 billion and employs approximately 13,000 personnel globally. For further details on Celanese's operations and product offerings, visit www.celanese.com.
Celanese Corporation (NYSE: CE) has launched a new range of sustainable Acetyl Chain materials known as ECO-B, which feature mass balance bio-content. This initiative aims to support customers in reducing CO2 emissions and achieving sustainability goals. ECO-B products, including Emulsion Polymers and EVA Polymers, provide a chemical identity identical to standard offerings while promoting renewable content. The new products aim to help industries like building and construction, adhesives, and packaging. Sustainable content in ECO-B products can range from 10% to 100%, depending on specific items.
Celanese Corporation (NYSE: CE) will host a conference call on February 24, 2023, to discuss its fourth quarter 2022 results. The call is delayed due to the ongoing integration of the Mobility & Materials acquisition. Investors can access the call via webcast or by phone. The earnings press release will be distributed on February 23, 2023, post-market close. A replay will be accessible from 12:00 p.m. Eastern time on February 24 until March 10, 2023.
Celanese Corporation (NYSE: CE) has lifted the remaining elements of the force majeure declared on May 11, 2022, that pertained to acetate tow products. This decision marks a significant milestone for the company as it resumes normal operations in this segment, which is crucial for various industries. Celanese emphasizes its commitment to delivering differentiated chemistry solutions and specialty materials, showcasing its robust business model and expertise in the sector.
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