Celanese Corporation
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Scott A. Richardson
- Full Time Employees
- 11,434
- Sector
- Basic Materials
- Industry
- Chemicals
- Address
- 222 West Las Colinas Boulevard Irving TX United States of America 75039-5421
- IPO Date
- Jan 21, 2005
- CIK
- 0001306830
- Website
- celanese.com
- Similar Companies
- Business
- Celanese Corporation is a global chemical and specialty materials company headquartered in Irving, Texas, founded in 1918. The company operates primarily through two business segments: Engineered Materials and Acetyl Chain. Its Engineered Materials segment provides specialty polymers, including liquid crystal polymers (LCP) and long-fiber reinforced thermoplastics (LFRT), serving industries such as automotive, electronics, medical, and consumer goods. The Acetyl Chain segment produces and supplies basic chemicals including acetic acid, vinyl acetate monomer (VAM), acetic anhydride, ethyl acetate, and cellulose acetate tow, used in various applications like paints and coatings, adhesives, food preservatives, textiles, and cigarette filters. Celanese's product portfolio encompasses advanced engineered polymers, acetyl products, cellulose acetate tow, and biodegradable cellulose acetate films under the Clarifoil® brand, positioning the company as a supplier to multiple industrial segments including automotive, consumer, medical, industrial, and packaging sectors globally across North America, Europe, and Asia. Recent major developments include Celanese's announcement in late 2025 of a definitive agreement to divest its Micromax® product portfolio to Element Solutions Inc. for approximately $500 million in cash, aimed at deleveraging its balance sheet. The company also intends to cease manufacturing operations at its Lanaken acetate tow facility in 2026 and has successfully exceeded targeted cost reductions primarily in selling, general, and administrative expenses. Scott Richardson assumed the role of CEO effective January 2025, leading efforts to enhance operational efficiency and drive growth amid challenging demand conditions. Additionally, Celanese secured a $1.75 billion unsecured revolving credit facility in 2025 to extend liquidity and capital flexibility. Celanese’s strategic focus remains on cost reduction, driving growth through advanced materials in high-growth applications such as electric vehicles, battery energy storage, medical devices, and consumer athletic wear while advancing sustainability initiatives through its portfolio of biodegradable and recyclable product offerings. The company maintains a robust global manufacturing footprint with over 50 facilities in approximately 27 countries and reported revenue exceeding $10 billion in 2024. Celanese Corporation’s comprehensive expertise in specialty materials and basic chemicals, combined with recent strategic divestitures, financial restructuring, and leadership renewal, reinforce its position as a leading provider of innovative chemistry solutions across diverse industrial markets worldwide.
Company News
Celanese Announces Engineered Materials Price Increase
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Celanese Announces Global Price Increases Across the Acetyl Chain
Celanese Corporation $CE Shares Acquired by Corient Private Wealth LP
Luis Fernandez-Moreno Elected to Celanese Board of Directors
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Why Is Celanese (CE) Up 8.2% Since Last Earnings Report?
Celanese to Sell Additional 19% of Nutrinova Stake to Mitsui for $152M
Celanese to Sell Additional Shares of Nutrinova Joint Venture to Mitsui & Co., Ltd.
Bank of New York Mellon Corp Takes $31.26 Million Position in Celanese Corporation $CE
Canada Pension Plan Investment Board Invests $6.73 Million in Celanese Corporation $CE
22,307 Shares in Celanese Corporation $CE Acquired by Callan Family Office LLC
167,820 Shares in Celanese Corporation $CE Purchased by Deutsche Bank AG
Celanese CFO Chuck Kyrish Buys 2,300 Shares for $105,000. What Is This Telling Investors?
Celanese Advances Robotics Opportunity Through VIGOR Partnership
Bell & Brown Wealth Advisors LLC Invests $2.06 Million in Celanese Corporation $CE
VIGOR and Celanese Sign Strategic Partnership Agreement
Bank of America Corp DE Sells 159,027 Shares of Celanese Corporation $CE