STOCK TITAN

Celanese Corporation - CE STOCK NEWS

Welcome to our dedicated page for Celanese Corporation news (Ticker: CE), a resource for investors and traders seeking the latest updates and insights on Celanese Corporation stock.

Celanese Corporation (symbol: CE) is a global leader in the production and innovation of chemical and specialty materials. Aimed at creating value for its customers, Celanese operates through various segments, including the Acetyl Chain and Materials Solutions. The company is renowned for being one of the largest producers of acetic acid and downstream derivatives, which play critical roles in industries such as chemicals, coatings, and adhesives.

Celanese also excels in the production of specialty polymers, widely utilized in sectors like automotive, electronics, medical, construction, and consumer goods. Additionally, the company produces cellulose derivatives used prominently in cigarette filters, further expanding its diverse product portfolio.

With a global production network and a commitment to innovation, Celanese partners with its clients to bring inspired ideas to life. Recent achievements include expansions in their acetyl chain capabilities and strategic partnerships to enhance their materials solutions offerings.

Financially, Celanese remains robust, continually investing in research and development to foster innovation and maintain a competitive edge. The company's operations are supported by a dedicated team of engineers, scientists, product developers, and problem solvers who strive to meet customer needs while contributing positively to the world.

Latest News:

- Celanese Corporation reports strong quarterly earnings.

- Expansion in the acetyl chain production facilities announced.

- New partnerships established to advance specialty polymer solutions.

Rhea-AI Summary

Celanese (NYSE: CE) has declared force majeure and sales control for acetic acid and vinyl acetate monomer (VAM) in the Western Hemisphere. This decision follows disruptions in raw material supplies important to production, particularly affecting its U.S. gulf coast network.

Production is anticipated to drop by 15-20% in Q2 due to these challenges. The company is leveraging its integrated supply chain to minimize customer impact but expects higher costs and potential volume losses.

Details on the resolution and financial impact will be provided in the Q2 earnings report.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
Tags
none
-
Rhea-AI Summary

Celanese has been awarded the American Chemistry Council's 2024 Sustainability Leadership Award in the “Circularity” category for its carbon capture and utilization project in Texas. The project is expected to capture 180,000 metric tons of CO2 emissions annually and produce 130,000 metric tons of low-carbon methanol. This initiative highlights Celanese's commitment to sustainability and innovation, enabling the production of ECO-CC products across various industries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.13%
Tags
none
-
Rhea-AI Summary

Celanese (NYSE: CE) reported first quarter diluted earnings per share of $1.10 and adjusted earnings per share of $2.08 with net sales of $2.6 billion, reflecting a 2% increase. Despite challenges in the demand environment, Celanese managed to largely offset higher expenses and reported operating profit of $210 million. The company demonstrated the ability to execute in a stabilizing market and is focused on enhancing earnings power for the future.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.13%
Tags
Rhea-AI Summary
Celanese appoints Kim K.W. Rucker as the new lead independent director, succeeding William M. 'Bill' Brown. Ms. Rucker brings extensive public company leadership and board experience to Celanese, enhancing strategic decision-making and shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
Tags
none
-
Rhea-AI Summary
Celanese (CE) will discuss its first quarter 2024 results in a conference call on May 9, 2024, accessible via webcast or phone. The earnings press release will be distributed after the New York Stock Exchange closes on May 8, 2024, with a replay available until May 23, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
-
Rhea-AI Summary
Celanese (CE) announces a quarterly dividend of $0.70 per share, payable on May 13, 2024, to stockholders of record as of April 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
Tags
dividends
Rhea-AI Summary
Celanese Chairman, CEO, and President Lori J. Ryerkerk receives the CME STEM Leadership Award for Corporate Reinvention. The award recognizes her impact on Celanese's organizational direction and commitment to STEM talent programs. Celanese, a global chemistry leader, had $10.9 billion in net sales in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
Tags
none
-
Rhea-AI Summary
Celanese (CE) announces strategic milestones to enhance competitive cost position and operational flexibility. Key highlights include a new 1.3 million ton Clear Lake acetic acid expansion, low-carbon methanol production, and VAE unit startup in Nanjing. These initiatives aim to meet future demand growth and increase earnings by $100 million to $1.4 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
none
-
Rhea-AI Summary
Celanese , in partnership with Mitsui & Co., , has received ISCC certification for its Low Carbon CCU Methanol, showcasing over a 70% reduction in carbon footprint compared to traditional methods. The certification highlights Celanese's commitment to sustainability and offers customers eco-friendly options across its product range.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.75%
Tags
none
Rhea-AI Summary
Celanese and Secarna Pharmaceuticals announce a research collaboration to develop long-acting implants delivering antisense oligonucleotides for various diseases. The collaboration aims to reduce dosing frequency, minimize immune responses, and improve patient outcomes. Celanese's VitalDose® Drug Delivery Platform and Secarna's ASO Drug Discovery Platform will be utilized for this development.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
Tags
none

FAQ

What is the current stock price of Celanese Corporation (CE)?

The current stock price of Celanese Corporation (CE) is $74.22 as of December 2, 2024.

What is the market cap of Celanese Corporation (CE)?

The market cap of Celanese Corporation (CE) is approximately 8.1B.

What does Celanese Corporation do?

Celanese produces acetic acid, specialty polymers, and cellulose derivatives used in various industries such as automotive, electronics, and coatings.

What are the primary markets for Celanese's products?

Celanese's products serve markets including automotive, electronics, medical, building, consumer goods, and chemicals.

Where is Celanese Corporation based?

Celanese Corporation is based in Irving, Texas, USA.

What are some recent achievements of Celanese?

Recent achievements include strong quarterly earnings, expansion of acetyl chain production, and new partnerships in specialty polymers.

How does Celanese contribute to innovation?

Celanese invests in R&D and partners with clients to bring innovative solutions to market, focusing on creating value and improving the world.

What makes Celanese a leader in its industry?

Celanese's extensive product portfolio, global production network, and commitment to innovation make it a leader in the chemicals and materials industry.

What are cellulose derivatives used for?

Celulose derivatives produced by Celanese are primarily used in cigarette filters and other specialty applications.

What is the significance of Celanese's acetic acid production?

Celanese is one of the largest producers of acetic acid, which is vital for various end markets including coatings and adhesives.

Who are the key personnel at Celanese?

Celanese is driven by a team of engineers, scientists, operators, product developers, and innovators who are committed to customer success.

How does Celanese ensure financial stability?

Celanese maintains financial stability through continuous investment in innovation, strategic partnerships, and expanding production capabilities.

Celanese Corporation

NYSE:CE

CE Rankings

CE Stock Data

8.06B
108.87M
0.41%
102.7%
4.64%
Chemicals
Plastic Material, Synth Resin/rubber, Cellulos (no Glass)
Link
United States of America
IRVING