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Celanese Corp (CE.N)

CE.N on New York Stock Exchange

105.93USD
22 Nov 2017
Change (% chg)

$-1.15 (-1.07%)
Prev Close
$107.08
Open
$107.34
Day's High
$107.34
Day's Low
$105.56
Volume
77,660
Avg. Vol
183,877
52-wk High
$109.01
52-wk Low
$75.79

Latest Key Developments (Source: Significant Developments)

Celanese says on Oct 23, co announced CFO will be on temporary medical leave of absence
Wednesday, 25 Oct 2017 04:56pm EDT 

Oct 25 (Reuters) - Celanese Corp ::Celanese says on Oct 23, co announced CFO Christopher W. Jensen will be on temporary medical leave of absence, effectively immediately‍​ - sec filing‍​.Celanese Corp - ‍in Jensen's absence, Kevin S. Oliver, company's chief accounting officer will act as company's principal financial officer​.  Full Article

Celanese Corp sees capital expenditures in range of $250 mln to $300 mln for 2017‍​
Monday, 16 Oct 2017 05:35pm EDT 

Oct 16 (Reuters) - Celanese Corp :Celanese Corp sees capital expenditures in range of $250 million to $300 million for 2017 - presentation slides‍​.Celanese Corp sees free cash flow roughly $800 million for 2017 - presentation slides‍​.  Full Article

Celanese Q3 ‍adjusted earnings per share $1.93​
Monday, 16 Oct 2017 04:15pm EDT 

Oct 16 (Reuters) - Celanese Corp ::Celanese corporation reports third quarter earnings; expects to deliver 2017 results at higher end of outlook.Q3 materials solutions sales rose 24 percent to $730 million.Q3 revenue view $1.49 billion -- Thomson Reuters I/B/E/S.Q3 gaap earnings per share $1.68.Q3 earnings per share view $1.92 -- Thomson Reuters I/B/E/S.Says qtrly net sales $1,566‍​ million versus $1,323 million.Says "‍can grow 2017 adjusted earnings per share toward higher end of 9-11 percent range, year over year​".Celanese corp qtrly ‍adjusted earnings per share of $1.93​.  Full Article

Celanese Corp - ‍announced plans to expand capacity of its global compounding assets
Monday, 16 Oct 2017 08:30am EDT 

Oct 16 (Reuters) - Celanese Corp :Celanese Corp - ‍announced plans to expand capacity of its global compounding assets and certain product-specific manufacturing production sites​.Celanese Corp - expects new production lines and expansions will add about 50-60kt per year in compounding capacity​.Celanese-Expects via debottlenecking of existing production lines to see additional 10-15kt/year capacity of compounded material production capability​.Celanese Corp - ‍expects new production line to add approximately 15kt per year of new GUR UHMW-PE product capacity​.Celanese Corp - ‍projects announced are expected to be completed in 2018-2019 timeframe and financial details are not being disclosed at this time​.  Full Article

Celanese declares force majeure for vinyl acetate monomer due to Hurricane Harvey
Tuesday, 29 Aug 2017 04:15pm EDT 

Aug 29 (Reuters) - Celanese Corp ::Celanese notice of vinyl acetate monomer force majeure due to impacts of hurricane harvey.Celanese Corp - Celanese is temporarily unable to supply vinyl acetate monomer (vam) needs of its customers in americas​.Celanese Corp - Celanese cannot provide any specific details or timing of full impact of hurricance harvey to all customers​.  Full Article

Celanese confirms EC opened investigation involving co's subsidiaries
Wednesday, 26 Jul 2017 10:31am EDT 

July 26 (Reuters) - Celanese Corp ::Confirms that company learned in May 2017 that European Commission had opened competition law investigation involving certain units of company.European Commission opened investigation involving certain units of company with respect to certain raw material purchases‍​.  Full Article

Celanese says Q2 GAAP earnings per share $1.72
Monday, 24 Jul 2017 04:15pm EDT 

July 24 (Reuters) - Celanese Corp :Celanese Corporation reports second quarter earnings; increases 2017 outlook.Q2 sales rose 18 percent to $709 million.Q2 GAAP earnings per share $1.72.Q2 revenue view $1.44 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $1.76 -- Thomson Reuters I/B/E/S.Celanese Corp - increasing expectations for growth in adjusted earnings per share to 9-11 percent for 2017.Celanese Corp - Q2 net sales $1,510 mln versus $1,351 million last year.FY2017 earnings per share view $7.30 -- Thomson Reuters I/B/E/S.Celanese Corp - ‍targets at least $500 million in share repurchases in 2017​.  Full Article

Celanese declares quarterly dividend of $0.46/shr
Monday, 17 Jul 2017 08:12pm EDT 

July 17 (Reuters) - Celanese Corp :Declared a quarterly dividend of $0.46 per share on its series a common stock, payable on August 7, 2017.  Full Article

Celanese Corp announces $1.5 bln share repurchase authorization
Monday, 17 Jul 2017 08:08pm EDT 

July 17 (Reuters) - Celanese Corp :Celanese Corporation announces new $1.5 billion share repurchase authorization.New share repurchase authorization represents approximately 11 percent of company's shares outstanding.Timing of buybacks will be partially based on closing of recently announced proposed tow joint venture with Blackstone.Has deployed $300 million in the first half of 2017 and is on pace to meet $500 million share buyback commitment for 2017.  Full Article

Celanese announces construction update to polyacetal facility of IBN Sina Joint Venture
Thursday, 8 Jun 2017 08:30am EDT 

June 8 (Reuters) - Celanese Corp :Celanese announces construction update to polyacetal facility of IBN Sina Joint Venture.Celanese Corp - ‍has confirmed that facility is in testing phase in preparation for commercial production expected in q3 of 2017​.Celanese Corp says construction of polyacetal facility is part of an extension of ibn sina joint venture, which will run through year 2032.Celanese - ‍upon successful startup of polyacetal facility, economic interest in ibn sina will increase from 25 percent to a total of 32.5 percent​.Celanese Corp -subsidiaries of celanese and duke energy each currently hold a 25 percent interest in venture, with remaining 50 percent held by sabic..  Full Article

EU mergers and takeovers (Nov 24)

BRUSSELS, Nov 24 The following are mergers under review by the European Commission and a brief guide to the EU merger process: