Celanese Corporation

Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through three segments: Engineered Materials, Acetate Tow, and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics. It also offers acesulfame potassium, a sweetener for use in various beverages, confections, and dairy products; and food protection ingredients, such as potassium sorbate and sorbic acid for use in foods, beverages, and personal care products. The Acetate Tow segment provides acetate tows and flakes for use in filter products applications. The Acetyl Chain segment produces and supplies acetyl products, including acetic acid, vinyl acetate monomers, acetic anhydride, and acetate esters that are used as starting materials for colorants, paints, adhesives, coatings, and pharmaceuticals; and organic solvents and intermediates for pharmaceutical, agricultural, and chemical products. It also offers vinyl acetate-based emulsions for use in paints and coatings, adhesives, construction, glass fiber, textiles, and paper applications; and ethylene vinyl acetate resins and compounds, as well as low-density polyethylene for use in flexible packaging films, lamination film products, hot melt adhesives, automotive parts, and carpeting applications. In addition, it manufactures ultra-high molecular weight polyethylene. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.

Celanese Engineered Materials

Materials Inside Innovation

The Chemistry Inside Innovation

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 13,000 employees worldwide and had 2022 net sales of $9.7 billion. 

For more information, visit www.celanese.com.

For Celanese product news about our Engineered Materials offerings, follow @CelaneseEngineeredMaterials on LinkedIn.

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Celanese

Celanese reported full year and Q4 2023 earnings today. The company generated an all-time record of $10.9 billion in net sales in 2023, as well as Q4 2023 operating cash flow of $830 million and free cash flow of $702 million, both quarterly records. 

Read more below.

Register below for the SMU Cox School of Business Leaders on Leadership Speaker Series featuring Celanese CEO Lori Ryerkerk on March 25!

#ChemistryOfUs

Celanese is pleased to announce that it has been approved by the U.S. Department of Energy (DOE)'s Office of Fossil Energy and Carbon Management as the first Utilization Procurement Grants vendor. The company is now the only producer offering low-carbon acetic acid under the ECO-CC product name, which positions it to help municipalities meet the growing demand for more #sustainable and #circular solutions.

This includes Celanese ECO-CC products manufactured using carbon capture and utilization technology, which have demonstrated significant net reductions in life cycle greenhouse gas emissions and passed a critical DOE review of the product’s life cycle analysis. 

#ChemistryOfUs

Thank you to After8toEducate for inviting our Dallas BOLD employee resource group chapter to help out at the drop-in center this week!

After8toEducate is tackling the most vulnerable population of unsheltered high school youth throughout Dallas by providing the first all-encompassing program that allows these students to develop academically, emotionally and socially to ultimately live healthy and productive lives.  

#ChemistryOfUs

Partnering with impactful nonprofits like Bay Area Habitat for Humanity-Houston, Inc. to provide affordable housing in the communities where we live and work is just one of the many ways we're driving meaningful change at Celanese. 

Check out the below Community Impact article for more details on this project in La Porte.

#ChemistryOfUs

As we continue to share more on our recently announced partnership with Under Armour, we want to highlight The Nonwovens Institute (NWI), which has helped make the new NEOLAST™ fiber a reality. 

Utilizing NWI’s Fiber Spinning Lab, Celanese and Under Armour worked with the Institute’s fiber spinning experts over the course of two years to fine tune the production process for this innovative new alternative to elastane.

#ChemistryOfUs

“African American pioneers and innovators like Hiram Rhodes Revels, Rebecca Lee Crumpler and Percy L. Julian have made contributions that helped enrich their direct descendants, their communities and most importantly, our country at large. Regardless of the challenges they faced, or limitations placed upon them, they remained persistent and paved the way for others to follow.” –Jamie Gaitor, Celanese senior research and development scientist and BOLD member

Our BOLD employee resource group chapters are highlighting black resilience and creating opportunities to help develop the upcoming generation of African Americans by volunteering, mentoring and providing resources. 

#BlackHistoryMonth

Our various Asia sites recently hosted Celanese global manufacturing senior vice president Jon Mortimer and global stewardship leader Joseph Sasso, where they embarked on field tours and provided engagement opportunities for employees of all levels. 

Engineers from the different chapters of our Young Professionals employee resource group were also celebrated and encouraged to always be confident to pursue continuous improvement and personal development within the company. 

Our leaders are looking forward to collaborating with our teams across the globe around key projects throughout 2024! 

#ChemistryOfUs

Attention high school seniors planning to pursue a #STEM degree at a #HBCU! Applications for a $40,000 scholarship through the Future of STEM Scholars Initiative (FOSSI) close in just one week.

Learn more and apply here: https://ow.ly/OZo950Q2JAC

#FutureOfSTEM #FOSSI

Our Dallas Latino Impact, Development & Empowerment Resource (LIDER) employee resource group recently donated $20,000 to Otis Brown Elementary School, its signature partner. Committed to fostering growth and connection to the Latino community, LIDER strives to empower individuals to make a positive impact.

Otis Brown’s mission is to nurture holistic student development and academic success, particularly for its predominantly Hispanic, U.S. first-generation and Spanish-speaking students. Roughly 86% of the student population is also economically disadvantaged, so this partnership aims to support students and educators by bridging educational gaps with essential incentives and resources. 

#ChemistryOfUs

NYSE:CE

Celanese Corporation

Last Close

136.90

26/07 20:00

Market Cap

14.71B

Beta: 1.30

Volume Today

718.33K

Avg: 1.11M

PE Ratio

7.77

PFCF: 13.61

Dividend Yield

1.93%

Payout:11.29%

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