Celanese

Celanese (NYSE: [CE]) is a large American chemical company.

Celanese was the name for a new synthetic fiber first spun in 1921. The company later was named Celanese Corporation of America, then shortened to Celanese Corp. In 1987, this company merged with American Hoechst to form a Hoechst subsidiary in the US, Hoechst Celanese. It produced chemicals,fibers, pharmaceuticals and plastics, such as the thermoplastic cellulose acetate used to produce cigarette filters.http://www.ftc.gov/opa/1999/12/hoechst.htm

Celanese is an integrated global producer of value-added industrial chemicals and has #1 or #2 market positions worldwide in products comprising the majority of its sales. It is also the world's largest producer of acetyl products, including acetic acid, vinyl acetate monomer (VAM) and polyacetals (POM) and a leading global producer of high-performance engineered polymers used in consumer and industrial products and designed to meet highly technical customer requirements. Its operations are located in North America, Europe and Asia, including substantial joint ventures in China. Celanese believes it is one of the lowest-cost producers of key building block chemicals in the acetyls chain, such as acetic acid and VAM, due to its economies of scale, operating efficiencies and proprietary production technologies.

In 2004, Celanese generated sales of around US$ 5.07 billion and had about 9,000 employees.

References

["Hoechst and Rhone-Poulenc Settle FTC Charges that Merger Would Violate Antitrust Laws." Federal Trade Commission. December 7, 1999.]

External links

http://www.lockout484.org/

From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.