Profile: Celanese Corp (CE)

CE on New York Consolidated

57.37USD
22 Oct 2014
Price Change (% chg)

$-1.14 (-1.95%)
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Celanese Corporation (Celanese), incorporated in 2005, is a global technology and specialty materials company. The Company is a producer of acetyl products, which are intermediate chemicals, for industries, as well as a global producer of engineered polymers that are used in a variety of applications. The Company operates through four business segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. The Company’s product portfolio serves a diverse set of end-use applications, including paints and coatings, textiles, automotive applications, consumer and medical applications, performance industrial applications, filter media, paper and packaging, chemical additives, construction, consumer and industrial adhesives, and food and beverage applications. On January 3, 2012, the Company acquired certain assets from Ashland Inc., which include two product lines, Vinac and Flexbond. The Company integrates CoolPoly E-Series, CoolPoly D-Series and CoolPoly Elastomers into its engineered materials portfolio.

Advanced Engineered Materials

The Company’s Advanced Engineered Materials segment develops, produces and supplies a portfolio of high performance specialty polymers for application in automotive, medical and electronics products, as well as other consumer and industrial applications. The Company is a participant in the global specialty polymers industry. The primary products of Advanced Engineered Materials are polyoxymethylene (POM), polyphenylene sulfide (PPS), polybutylene terephthalate (PBT), long-fiber reinforced thermoplastics (LFT), GUR and liquid crystal polymers (LCP). POM, PPS, PBT and LFT are used in a range of products including, automotive components, medical devices, electronics, appliances and industrial applications. GUR is used in battery separators, conveyor belts, filtration equipment, coatings and medical devices. Primary end uses for LCP are electrical and electronics.

Advanced Engineered Materials’ specialty polymers have chemical and physical properties enabling them, among other things, to withstand elevated temperatures, resist adverse chemical interactions with solvents and withstand deformation. These products are used in a range of performance-demanding applications in the automotive and electronics sectors, as well as in other consumer and industrial goods. POM is sold under the trademarks Celcon and Hostaform. It is used for mechanical parts in automotive applications, including door locks and seat belt mechanisms, and in electrical, medical and consumer applications, such as drug delivery systems and gears for large appliances.

Celanese's ultra-high molecular weight polyethylene products, sold under the trademark GUR are designed for heavy-duty industrial and automotive applications. They are used in items, such as industrial conveyor belts, car battery separator panels, as well as specialty medical and consumer applications, such as sports prostheses and equipment. GUR micro powder grades are used for filters, membranes, diagnostic devices, coatings and additives for thermoplastics and elastomers. High tenacity fibers based on GUR ultra-high molecular weight polyethylene are also used in protective ballistic applications. Its products include a series of thermoplastic polyesters, including Celanex PBT, Celanex PET, Thermx PCT and Vandar, as well as Riteflex, a thermoplastic polyester elastomer and a range of automotive, electrical and consumer applications, including ignition system parts, radiator grilles, electrical switches, appliance and sensor housings, light emitting diodes (LEDs) and technical fibers.

Liquid crystal polymers, such as Vectra and Zenite, are primarily used in electrical and electronics applications for precision parts with thin walls and complex shapes, and in high heat cookware applications. Celstran and Compel are long fiber reinforced thermoplastics used in automotive, transportation and industrial applications. Polyesters, such as Celanex PBT, Celanex PET, Vandar, a series of PBT polyester blends and Riteflex, a thermoplastic polyester elastomer, are used in a variety of automotive, electrical and consumer applications, including ignition system parts, radiator grilles, electrical switches, appliance and sensor housings, light emitting diodes (LED) and technical fibers.

The Company competes with BASF AG, E.I. DuPont de Nemours and Company, DSM N.V., SABIC Innovative Plastics, Solvay S.A., Asahi Kasei Corporation, Mitsubishi Gas Chemical Company, Inc., Chevron Phillips Chemical Company, L.P., Braskem S.A., Lanxess AG, Teijin, Sumitomo Corporation and Toray Industries Inc.

Consumer Specialties

The Consumer Specialties segment consists of its Acetate Products and Nutrinova businesses. Its Acetate Products business primarily produces and supplies cellulose acetate flake, film and tow, which is used in the production of filter products. The Company also produces acetate flake, which is processed into acetate fiber in the form of a tow band. Its Nutrinova business produces and sells Sunett, a high intensity sweetener, and food protection ingredients, such as sorbates and sorbic acid, for the food, beverage and pharmaceutical industries. Nutrinova's food protection ingredients are mainly used in foods, beverages and personal care products.

The Company competes with Daicel Chemical Industries Ltd., Eastman Chemical Corporation, Solvay S.A., The NutraSweet Company, Ajinomoto Co., Inc., Tate & Lyle PLC and Nantong AA.

Industrial Specialties

The Company’s Industrial Specialties segment is consists of its emulsions and ethylene vinyl acetate (EVA) Performance Polymers businesses and is a producer of environmentally sensitive, low volatile organic compound (VOC) applications. Its emulsions products are used in a wide array of applications, including paints and coatings, adhesives, construction, glass fiber, textiles and paper. EVA Performance Polymers offers a complete line of low-density polyethylene and specialty EVA resins and compounds used in many applications including flexible packaging films, lamination film products, hot melt adhesives, medical devices and tubing, automotive, carpeting and solar cell encapsulation films. Celanese emulsion products are sold under brands, including EcoVAE, Mowilith, Vinamul, Celvolit, BriteCoat, TufCOR and Avicor.

The Company competes with The Dow Chemical Company, BASF AG, Dairen Chemical, Wacker Chemie AG, .I. DuPont de Nemours and Company, ExxonMobil Chemical and Arkema.

Acetyl Intermediates

The Company’s Acetyl Intermediates segment produces and supplies acetyl products, including acetic acid, vinyl acetate monomer (VAM), acetic anhydride and acetate esters. These products are generally used as starting materials for colorants, paints, adhesives, coatings and medicines. Other chemicals produced in this business segment are organic solvents and intermediates for pharmaceutical, agricultural and chemical products.

Acetyl products include acetic acid, VAM and acetic anhydride. Acetic acid is primarily used to manufacture VAM, PTA and other acetyl derivatives. VAM is used in a variety of adhesives, paints, films, coatings and textiles. Acetic anhydride is a raw material used in the production of cellulose acetate, detergents and pharmaceuticals. Acetaldehyde is a feedstock for the production of a variety of derivatives, such as pyridines, which are used in agricultural products. The Company manufactures acetic acid, VAM and acetic anhydride for its own use, as well as for sale to third parties.

Solvents and Derivatives include a variety of solvents, formaldehyde and other chemicals, which in turn are used in the manufacture of paints, coatings, adhesives and other products. Many solvents and derivatives products are derived from its production of acetic acid. Its products, such as ethyl acetate, an acetate ester that is a solvent used in coatings, inks and adhesives and in the manufacture of photographic films and coated papers; and Butyl acetate, an acetate ester that is a solvent used in inks, pharmaceuticals and perfume.

The Company competes with Atofina S.A., BASF AG, BP PLC, Chang Chun Petrochemical Co., Ltd., Daicel Chemical Industries Ltd., The Dow Chemical Company, Eastman Chemical Corporation, E.I. DuPont de Nemours and Company, LyondellBasell Industries, Nippon Gohsei, Perstorp Inc., Jiangsu Sopo Corporation (Group) Ltd., Showa Denko K.K. and Kuraray Co. Ltd.

Company Address

Celanese Corp

222 Las Colinas Blvd W Ste 900n
IRVING   TX   75039-5467
P: +1972.4434000
F: +1302.6555049

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