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You need to enable JavaScript to run this app. CareersDistributor LocatorContact Us My Celanese Americas Industries Applications Products Services Sustainability News & Events About Us search-icon 1. 2. 3. 4. 5. previousnext ACETYL CHAIN SOLUTIONS FOR BUILDING & CONSTRUCTION AND PAINTS & COATINGS APPLICATIONS From product supplier to solution provider, the Celanese “house” showcases broad Acetyls portfolio. Learn more ACETYL CHAIN Solutions for Building & Construction and Paints & Coatings Applications Sustainability Advancing sustainable solutions with Carbon Capture and Utilization SUSTAINABILITY CELANESE PUBLISHES 2022-2023 SUSTAINABILITY REPORT AND INDEX ENGINEERED MATERIALS NEWSLETTER Get the Best View of the Future of Polymer Science. Join the E-Newsletter Community. APPLICATION Innovative 5G Solutions YOUR NEEDS All your needs in one place – be it quality polymer or emulsion products, the most competitive chemical solutions, or bespoke design services. Industries We partner with you as your chemical manufacturer & supplier across key chemical markets extending from aerospace to medical and pharmaceuticals. Find your Industry Applications Our science and chemical innovation have helped transform products across a broad range of chemical applications. Explore Applications Design & Services Partner with us to develop a tailored engineered material solution for your needs. Cellulose Acetate ServicesPolymer Services Products Find the right chemical solutions for your needs with our broad product portfolio that provides “Performance-Driven Solutions” across global industries. Go to Product Finder EXPLORE MORE From our latest acquisitions to new career opportunities, find the latest Celanese news below. Enjoy being part of the quick and dynamic growth of a global chemical company in a diverse and inclusive culture that fosters collaboration, innovation and creative contributions. Careers at Celanese Visit our Investor Relations site to browse the latest in our investment news. Investor Relations -------------------------------------------------------------------------------- Sustainable Solutions for a Better World Whether it's advancing safe and sustainable solutions for our customers, investing in our people and communities, helping to preserve the environment, or operating with integrity, Celanese aims to improve the world and everyday life through the power of chemistry. Sustainability at Celanese News & Highlights View All News 1. 2. 3. DALLAS (August 8, 2024) – Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today confirmed that the force majeure declared for acetic acid and vinyl acetate monomer (VAM) sold in the Western Hemisphere has ended and the underlying supply chain conditions behind the declaration have stabilized. “We were pleased to be able to meet the product needs of virtually all of our contracted customers during this challenging period by relying on our integrated and flexible supply chain model,” said Mark Murray, senior vice president of the Acetyl Chain. “Celanese is committed to continuing to work closely with all of our critical raw material suppliers to mitigate the risk of similar events arising in the future.” ### About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio of sustainable products to meet increasing customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion. Celanese Contacts: Investor Relations Media Relations – Global Bill Cunningham Brian Bianco +1 484 905 1129 +1 972 443 4400 william.cunningham@celanese.com media@celanese.com Forward-Looking Statements The information set forth in this release contains certain “forward-looking statements,” which include information concerning the Company’s plans, objectives, goals, future revenues, financial performance, expected future costs and other information that is not historical information. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained herein. Numerous factors, many of which are beyond the Company’s control could cause actual results to differ materially from those expressed as forward-looking statements. Certain of these risk factors are discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date the statement is made. Read More August 8, 2024 Celanese Corporation Lifts Force Majeure on Western Hemisphere Acetic Acid and VAM Dallas, August 1, 2024: Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported second quarter 2024 U.S. GAAP diluted earnings per share of $1.42 and adjusted earnings per share of $2.38. The Company generated net sales of $2.7 billion in the quarter, an increase of 2 percent from the prior quarter, reflecting a sequential increase in volume of 4 percent and sequential decrease in pricing of 2 percent. Celanese continued to focus on execution of its controllable action plan, including driving volume growth through the project pipeline model, lowering costs through reduction of capacity in high-cost locations, and improving business efficiency through the integration of the acquired Mobility & Materials (M&M) businesses into a single SAP ERP system. These actions were especially impactful during a quarter that presented significant external headwinds. Among these headwinds were a series of outages and curtailments from multiple suppliers that led to the Company's declaration of force majeure for acetic acid and VAM sold in the Western Hemisphere, as well as persistent poor demand conditions across many of the Company's end-markets. Against the backdrop of these headwinds, the results reflect meaningful realization of business improvements from the execution of the Company's action plans. Celanese reported second quarter operating profit of $250 million, adjusted EBIT of $451 million, and operating EBITDA of $632 million at margins of 9, 17, and 24 percent, respectively. The difference between U.S. GAAP diluted earnings per share and adjusted earnings per share in the second quarter was primarily due to Certain Items totaling $102 million. "In the second quarter, we delivered a double-digit sequential expansion of adjusted EBIT in spite of some of the most severe external challenges we've faced in many years," said Lori Ryerkerk, chair and chief executive officer. "The prolonged weak demand environment we have continued to experience over the past several quarters was compounded by multiple supplier failures that led us to declare force majeure for acetic acid and VAM sold in the Western Hemisphere. In this environment, we stayed focused on delivering on our action plan, which resulted in the highest ever contribution from the Engineered Materials business in our history. This highlights the importance of our execution focus, and I thank our teams for their resilience and agility to achieve these results." Second Quarter 2024 Financial Highlights: Three Months Ended June 30, 2024 March 31, 2024 June 30, 2023 (unaudited) (In $ millions, except per share data) Net Sales Engineered Materials 1,467 1,378 1,585 Acetyl Chain 1,202 1,261 1,233 Intersegment Eliminations (18) (28) (23) Total 2,651 2,611 2,795 Operating Profit (Loss) Engineered Materials 138 89 158 Acetyl Chain 242 254 295 Other Activities (130) (133) (118) Total 250 210 335 Net Earnings (Loss) 153 124 221 Adjusted EBIT(1) Engineered Materials 265 201 205 Acetyl Chain 277 296 332 Other Activities (91) (90) (93) Total 451 407 444 Equity Earnings and Dividend Income, Other Income (Expense) Engineered Materials 49 50 20 Acetyl Chain 33 36 32 Operating EBITDA(1) 632 583 616 Diluted EPS - continuing operations $ 1.42 $ 1.10 $ 2.00 Diluted EPS - total $ 1.41 $ 1.10 $ 2.01 Adjusted EPS(1) $ 2.38 $ 2.08 $ 2.17 Net cash provided by (used in) investing activities (91) (151) (163) Net cash provided by (used in) financing activities (489) (259) (447) Net cash provided by (used in) operating activities 292 101 762 Free cash flow(1) 173 (40) 611 ____________________________ 1. See "Non-US GAAP Financial Measures" below. Second Quarter Business Segment Overview Acetyl Chain The Acetyl Chain delivered second quarter net sales of $1.2 billion, a 5 percent decrease from the prior quarter. Volume decreased by 1 percent sequentially due to the effects of the force majeure, delayed timing of opportunistic spot sales, and muted seasonal improvements. Second quarter pricing across the Acetyl Chain decreased by 4 percent sequentially. The multiple supplier outages and curtailments had a significant impact on the ability of Celanese to produce at the Clear Lake site, the Company's lowest cost and lowest carbon footprint acetic acid unit. The second quarter total losses of Clear Lake acetic acid attributable to unplanned supplier disruptions was the highest in over 15 years. In the face of these headwinds, the Acetyl Chain worked to assure virtually all customer needs were met. The business delivered second quarter operating profit of $242 million, adjusted EBIT of $277 million, and operating EBITDA of $338 million at margins of 20, 23, and 28 percent, respectively. The Acetyl Chain has continued to exercise the unique optionality of the business model in the face of chronic low demand. The flexibility of the model allowed the business to expand volumes in downstream markets in Asia, despite poor demand conditions, by pivoting to alternate applications with available demand. The Acetyl Chain will continue to leverage this optionality to optimize outcomes through the extended demand trough. Engineered Materials Engineered Materials reported second quarter net sales of $1.5 billion, representing a sequential increase of 6 percent. Sequential growth was driven by a 7 percent increase in volume and stable pricing, partially offset by a small currency impact. The breadth of volume growth was widespread across the portfolio, with all 10 of the largest polymer families achieving sequential growth. This was further bolstered by a favorable mix, primarily in higher margin products and applications like Vamac® and medical implants, contributing to the overall volume increase and demonstrating the effectiveness of the project pipeline model. Engineered Materials delivered second quarter operating profit of $138 million, record adjusted EBIT of $265 million, and record operating EBITDA of $375 million. These figures represent margins of 9, 18, and 26 percent, respectively with sequential earnings improvements of 55, 32, and 24 percent. In addition to the volume growth, the sequential improvement in earnings was driven by incremental synergies and the realization of lower raw material costs. Synergy capture in the quarter included initial earnings contributions from previous initiatives such as the closure of nylon 6,6 polymerization in Uentrop, Germany. For the second consecutive quarter, these strategic actions have lifted the performance of the former M&M product portfolio to deliver the highest quarterly contribution since the acquisition. Cash Flow and Tax Celanese reported second quarter operating cash flow of $292 million and free cash flow of $173 million, which included cash capital expenditures of $105 million. Celanese returned $77 million in cash to shareholders via dividends in the quarter. The Company repaid a bond of approximately $500 million that matured in the second quarter as part of its deleveraging plan. The effective U.S. GAAP income tax rate was an expense of 16 percent for the second quarter compared to a benefit of 2 percent for the same quarter in 2023. The effective income tax rate for the current year was higher compared to the same period in 2023, primarily due to current year tax effects related to internal debt restructuring transactions, prior year non-recurring decreases in valuation allowances on U.S. foreign tax credit carryforwards due to changes in forecasted foreign sourced income and expenses during the carryforward period, and increased earnings in high-taxed jurisdictions related to improved economic conditions in the current year. The effective tax rate for adjusted earnings was 9 percent based on expected jurisdictional earnings mix for the full year and consideration of other non-recurring U.S. GAAP items. Outlook "We are encouraged to see the tangible realization of our value creation initiatives in our second quarter results, and we are confident that those benefits will continue through the year," said Lori Ryerkerk. "Given the continued lack of evidence of meaningful demand recovery and the increasing pricing pressure from this low demand environment, our focus will remain on what we can control to deliver a sustainable earnings lift for Celanese. We expect the third quarter will bring an easing of the effects of the force majeure, and further improvements to our business driven by our action plans. Because of our foundational value creation initiatives, I am confident we will continue to deliver improved earnings performance in the third quarter and through the remainder of the year." The Company anticipates third quarter adjusted earnings per share of $2.75 to $3.00. Furthermore, based on the effects of the second quarter force majeure and persistent demand challenges, the Company anticipates full year adjusted earnings per share of $10.25 to $10.75. Reconciliations of forecasted non-GAAP measures such as adjusted earnings per share, adjusted EBIT or free cash flow to the equivalent U.S. GAAP measures (diluted earnings per share, net earnings (loss) attributable to Celanese Corporation and net cash provided by (used in) operations, respectively), are not available without unreasonable efforts because a forecast of Certain Items, such as mark-to-market pension gains/losses, and other items is not practical. For more information, see "Non-GAAP Financial Measures" below. The Company's prepared remarks related to the second quarter will be posted on its website at investors.celanese.com under Financial Information/Financial Document Library on August 1, 2024. Information about Non-US GAAP measures is included in a Non-US GAAP Financial Measures and Supplemental Information document posted on our investor relations website under Financial Information/Non-GAAP Financial Measures. See also "Non-GAAP Financial Measures" below. Contacts: Investor Relations Media - U.S. Media - Europe Bill Cunningham Brian Bianco Petra Czugler Phone: +1 302 999 6410 Phone: +1 972 443 4400 Phone: +49 69 45009 1206 william.cunningham@celanese.com media@celanese.com petra.czugler@celanese.com Celanese Corporation is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion. Forward-Looking Statements This release may contain "forward-looking statements," which include information concerning the Company's plans, objectives, goals, strategies, future revenues, cash flow, financial performance, synergies, capital expenditures, financing needs and other information that is not historical information. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements contained in this release. These risks and uncertainties include, among other things: changes in general economic, business, political and regulatory conditions in the countries or regions in which we operate; the length and depth of product and industry business cycles, particularly in the automotive, electrical, textiles, electronics and construction industries; volatility or changes in the price and availability of raw materials and energy, particularly changes in the demand for, supply of, and market prices of ethylene, methanol, natural gas, carbon monoxide, wood pulp, hexamethylene diamine and fuel oil and the prices for electricity and other energy sources; the ability to pass increases in raw materials prices, logistics costs and other costs on to customers or otherwise improve margins through price increases; the possibility that we will not be able to timely or effectively continue to integrate the Mobility & Materials business (the "M&M Business") we acquired from DuPont de Nemours, Inc. (the "M&M Acquisition") in order to realize the anticipated benefits of the M&M Acquisition, including synergies and growth opportunities, whether as a result of difficulties arising from the operation of the M&M Business or other unanticipated delays, costs, inefficiencies or liabilities; increased commercial, legal or regulatory complexity of entering into, or expanding our exposure to, certain end markets and geographies; risks in the global economy and equity and credit markets and their potential impact on our ability to pay down debt in the future and/or refinance at suitable rates, in a timely manner, or at all; risks and costs associated with increased leverage from the M&M Acquisition, including increased interest expense and potential reduction of business and strategic flexibility; the ability to maintain plant utilization rates and to implement planned capacity additions, expansions and maintenance; the ability to reduce or maintain current levels of production costs and to improve productivity by implementing technological improvements to existing plants; increased price competition and the introduction of competing products by other companies; the ability to identify desirable potential acquisition or divestiture opportunities and to complete such transactions, including obtaining regulatory approvals, consistent with the Company's strategy; market acceptance of our products and technology; compliance and other costs and potential disruption or interruption of production or operations due to accidents, interruptions in sources of raw materials, transportation, logistics or supply chain disruptions, cybersecurity incidents, terrorism or political unrest, public health crises (including, but not limited to, the COVID-19 pandemic), or other unforeseen events or delays in construction or operation of facilities, including as a result of geopolitical conditions, the direct or indirect consequences of acts of war or conflict (such as the Russia-Ukraine conflict or the Israel-Hamas conflict) or terrorist incidents or as a result of weather, natural disasters, or other crises; the ability to obtain governmental approvals and to construct facilities on terms and schedules acceptable to the Company; changes in applicable tariffs, duties and trade agreements, tax rates or legislation throughout the world including, but not limited to, anti-dumping and countervailing duties, adjustments, changes in estimates or interpretations or the resolution of tax examinations or audits that may impact recorded or future tax impacts and potential regulatory and legislative tax developments in the United States and other jurisdictions; changes in the degree of intellectual property and other legal protection afforded to our products or technologies, or the theft of such intellectual property; potential liability for remedial actions and increased costs under existing or future environmental, health and safety regulations, including those relating to climate change or other sustainability matters; potential liability resulting from pending or future claims or litigation, including investigations or enforcement actions, or from changes in the laws, regulations or policies of governments or other governmental activities in the countries in which we operate; changes in currency exchange rates and interest rates; our level of indebtedness, which could diminish our ability to raise additional capital to fund operations or limit our ability to react to changes in the economy or the chemicals industry; tax rates and changes thereto; and various other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. Non-GAAP Financial Measures Presentation This document presents the Company's two business segments, Engineered Materials and the Acetyl Chain. Use of Non-US GAAP Financial Information This release uses the following Non-US GAAP measures: adjusted EBIT, adjusted EBIT margin, operating EBITDA, operating EBITDA margin, adjusted earnings per share and free cash flow. These measures are not recognized in accordance with US GAAP and should not be viewed as an alternative to US GAAP measures of performance or liquidity. The most directly comparable financial measure presented in accordance with US GAAP in our consolidated financial statements for adjusted EBIT and operating EBITDA is net earnings (loss) attributable to Celanese Corporation; for adjusted EBIT margin is operating margin; for operating EBITDA margin is operating margin; for adjusted earnings per share is earnings (loss) from continuing operations attributable to Celanese Corporation per common share-diluted; and for free cash flow is net cash provided by (used in) operations. Definitions of Non-US GAAP Financial Measures * Adjusted EBIT is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense and taxes, and further adjusted for Certain Items (refer to Table 8 of our Non-US GAAP Financial Measures and Supplemental Information document). We do not provide reconciliations for adjusted EBIT on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Adjusted EBIT margin is defined by the Company as adjusted EBIT divided by net sales. * Operating EBITDA is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense, taxes and depreciation and amortization, and further adjusted for Certain Items, which Certain Items include accelerated depreciation and amortization expense. Operating EBITDA is equal to adjusted EBIT plus depreciation and amortization. Operating EBITDA margin is defined by the Company as operating EBITDA divided by net sales. * Adjusted earnings per share is a performance measure used by the Company and is defined by the Company as earnings (loss) from continuing operations attributable to Celanese Corporation, adjusted for income tax (provision) benefit, Certain Items, and refinancing and related expenses, divided by the number of basic common shares and dilutive restricted stock units and stock options calculated using the treasury method. We do not provide reconciliations for adjusted earnings per share on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Note: The income tax expense (benefit) on Certain Items ("Non-GAAP adjustments") is determined using the applicable rates in the taxing jurisdictions in which the Non-GAAP adjustments occurred and includes both current and deferred income tax expense (benefit). The income tax rate used for adjusted earnings per share approximates the midpoint in a range of forecasted tax rates for the year. This range may include certain partial or full-year forecasted tax opportunities and related costs, where applicable, and specifically excludes changes in uncertain tax positions, discrete recognition of GAAP items on a quarterly basis, other pre-tax items adjusted out of our GAAP earnings for adjusted earnings per share purposes and changes in management's assessments regarding the ability to realize deferred tax assets for GAAP. In determining the adjusted earnings per share tax rate, we reflect the impact of foreign tax credits when utilized, or expected to be utilized, absent discrete events impacting the timing of foreign tax credit utilization. We analyze this rate quarterly and adjust it if there is a material change in the range of forecasted tax rates; an updated forecast would not necessarily result in a change to our tax rate used for adjusted earnings per share. The adjusted tax rate is an estimate and may differ from the actual tax rate used for GAAP reporting in any given reporting period. Table 3a of our Non-US GAAP Financial Measures and Supplemental Information document summarizes the reconciliation of our estimated GAAP effective tax rate to the adjusted tax rate. The estimated GAAP rate excludes discrete recognition of GAAP items due to our inability to forecast such items. As part of the year-end reconciliation, we will update the reconciliation of the GAAP effective tax rate to the adjusted tax rate for actual results. * Free cash flow is a liquidity measure used by the Company and is defined by the Company as net cash provided by (used in) operations, less capital expenditures on property, plant and equipment, and adjusted for contributions from or distributions to our noncontrolling interest joint ventures. We do not provide reconciliations for free cash flow on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of items such as working capital changes, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Reconciliation of Non-US GAAP Financial Measures Reconciliations of the Non-US GAAP financial measures used in this press release to the comparable US GAAP financial measure, together with information about the purposes and uses of Non-US GAAP financial measures, are included in our Non-US GAAP Financial Measures and Supplemental Information document filed as an exhibit to our Current Report on Form 8-K filed with the SEC on or about August 1, 2024 and also available on our website at investors.celanese.com under Financial Information/Financial Document Library. Results Unaudited The results in this document, together with the adjustments made to present the results on a comparable basis, have not been audited and are based on internal financial data furnished to management. Quarterly results should not be taken as an indication of the results of operations to be reported for any subsequent period or for the full fiscal year. Supplemental Information Additional information about our prior period performance is included in our Quarterly Reports on Form 10-Q and in our Non-US GAAP Financial Measures and Supplemental Information document. Consolidated Statements of Operations - Unaudited Three Months Ended June 30, 2024 March 31, 2024 June 30, 2023 (In $ millions, except share and per share data) Net sales 2,651 2,611 2,795 Cost of sales (2,010) (2,057) (2,109) Gross profit 641 554 686 Selling, general and administrative expenses (255) (265) (274) Amortization of intangible assets (38) (41) (42) Research and development expenses (33) (34) (40) Other (charges)gains, net (48) (14) (10) Foreign exchange gain (loss), net (9) 11 15 Gain (loss) on disposition of businesses and assets, net (8) (1) — Operating profit (loss) 250 210 335 Equity in net earnings (loss)of affiliates 51 55 23 Non-operating pension and other postretirement employee benefit (expense) income 2 2 (2) Interest expense (174) (169) (182) Interest income 10 13 7 Dividend income - equity investments 31 34 31 Other income (expense), net 13 12 4 Earnings (loss)from continuing operations before tax 183 157 216 Income tax (provision)benefit (29) (33) 4 Earnings (loss)from continuing operations 154 124 220 Earnings (loss)from operation of discontinued operations (1) — — Income tax (provision)benefit from discontinued operations — — 1 Earnings (loss)from discontinued operations (1) — 1 Net earnings (loss) 153 124 221 Net (earnings) lossattributable to noncontrolling interests 2 (3) (1) Net earnings (loss)attributable to Celanese Corporation 155 121 220 Amounts attributable to Celanese Corporation Earnings (loss) from continuing operations 156 121 219 Earnings (loss) from discontinued operations (1) — 1 Net earnings (loss) 155 121 220 Earnings (loss)per common share - basic Continuing operations 1.43 1.11 2.01 Discontinued operations (0.01) — 0.01 Net earnings (loss) - basic 1.42 1.11 2.02 Earnings (loss)per common share - diluted Continuing operations 1.42 1.10 2.00 Discontinued operations (0.01) — 0.01 Net earnings (loss) - diluted 1.41 1.10 2.01 Weighted average shares (in millions) Basic 109.3 109.1 108.9 Diluted 109.5 109.5 109.3 Consolidated Balance Sheets - Unaudited As of June 30, 2024 As of December 31, 2023 (In $ millions) ASSETS Current Assets Cash and cash equivalents 1,185 1,805 Trade receivables - third party and affiliates, ne 1,264 1,243 Non-trade receivables, net 662 541 Inventories 2,464 2,357 Other assets 329 272 Total current assets 5,904 6,218 Investments in affiliates 1,215 1,220 Property, plant and equipment, net 5,382 5,584 Operating lease right-of-use assets 381 422 Deferred income taxes 1,608 1,677 Other assets 579 524 Goodwill 6,899 6,977 Intangible assets, net 3,844 3,975 Total assets 25,812 26,597 LIABILITIES AND EQUITY Current Liabilities Short-term borrowings and current installments of long-term debt - third party and affiliates 1,977 1,383 Trade payables - third party and affiliates 1,538 1,510 Other liabilities 1,106 1,154 Income taxes payable 5 25 Total current liabilities 4,626 4,072 Long-term debt, net of unamortized deferred financing costs 11,058 12,301 Deferred income taxes 1,039 999 Uncertain tax positions 292 300 Benefit obligations 435 457 Operating lease liabilities 282 325 Other liabilities 471 591 Commitments and Contingencies Shareholders' Equity Treasury stock, at cost (5,487) (5,488) Additional paid-in capital 394 394 Retained earnings 13,051 12,929 Accumulated other comprehensive income (loss), net (792) (744) Total Celanese Corporation shareholders' equity 7,166 7,091 Noncontrolling interests 443 461 Total equity 7,609 7,552 Total liabilities and equity 25,812 26,597 Read More August 2, 2024 Celanese Corporation Reports Second Quarter Earnings DALLAS – July 24, 2024 – Celanese Corporation, a global specialty materials and chemical company, has introduced new biobased Hytrel® TPC RS40F2, which, when foamed, is ideal for athletic footwear applications. Incorporating a minimum of 20 percent segregated bio-content, Hytrel® TPC RS40F2 foamed using a physical supercritical fluid (SCF) foaming process helps support the sustainable development objectives of athletic footwear brand owners and manufacturers. The bio-content is verifiable via the C14 method. Pristine white foamed biobased Hytrel® TPC RS40F2 is well-suited to the midsole components of athletic footwear as it delivers lightweighting opportunities while elevating energy return performance with excellent rebound and resilience associated with other Hytrel® TPC grades. Hytrel® TPC is widely used in different industries due to its advantages in lightweighting, heat insulation, sound absorption, shock resistance, moisture resistance and corrosion resistance. Hytrel® TPC RS40F2 can be colored to meet design needs while maintaining material properties. “This new biobased grade is part of our expanding Hytrel® TPC ECO-B portfolio,” said Peter Wing, Celanese Global Marketing Manager of Consumer Products. “It offers numerous benefits for athletic footwear brand owners and manufacturers that align not only with their sustainability ambitions, but also their aspirations for elevating shoe performance. We are very excited about how we can enable athletic footwear designers to redefine the category, as well as the contributions this new foamed polymer can make across the value chain." Physical SCF foaming, which is leading a process technology transformation, results in a unique cell structure with elevated properties and good skin compatibility. The process itself offers environmental benefits as there are no corrosive foaming agent residues to impair mechanical properties. Additionally, it generates low odor/emissions and exhibits no toxicity. The traditional use of materials for insoles and midsoles has typically relied on chemical foaming agents that can generate volatile organic compounds (VOCs), which react with sunlight to form ground-level smog. This is an environmental concern. Celanese is collaborating with Xingxun Enterprise, an innovative processor, to produce world-class foamed polymer applications. Experts from both companies have worked together to successfully develop the processing of Hytrel® TPC RS40F2 shoe soles using physical SCF foaming technology. This new foaming polymer enables Xingxun to deliver a lower carbon footprint solution to athletic footwear brand owners. Additional benefits offered include: * Drop-in performance with fossil-based foamable grade where no further evaluation is needed. * Availability of ISCC+ certified bio-mass balanced Hytrel® TPC materials for customers' selection. “Celanese proprietary technology allows the bio-content of many of our ECO-B materials to be tailored, and we look forward to working with customers on their specific athletic footwear applications," said Wing. For information on how Celanese materials and technical expertise support the athletic footwear industry [click here]. ### About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion. For further information contact: Monique Goor Celanese Corporation Mobile: +32 493 319336 monique.goor@celanese.com Read More July 24, 2024 Celanese Introduces New BioBased Hytrel® TPC for Foamed Athletic Footwear Applications DALLAS (July 17, 2024) – Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable August 12, 2024. The dividend is payable to stockholders of record as of July 30, 2024. About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio of sustainable products to meet increasing customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion. Celanese Contacts: Investor Relations William Cunningham Phone: +1 302 772 5231 william.cunningham@celanese.com Media Relations – Global Brian Bianco Phone: +1 972 443 4400 media@celanese.com Media Relations Europe (Germany) Petra Czugler Phone: +49 69 45009 1206 petra.czugler@celanese.com Read More July 17, 2024 Celanese Corporation Declares Quarterly Dividend of $0.70 Per Share DALLAS, July 2, 2024 -- Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its second quarter 2024 results on Friday, August 2, 2024, beginning at 11:00 a.m. ET. The conference call will be available by webcast at https://investors.celanese.com or by phone: Dial-in Number: 1-877-407-0989 International Dial-In Number: 1-201-389-0921 Alternatively, to enter the call immediately without waiting for operator assistance, attendees may pre-register for the call by clicking the link below. Registrant Link: http://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13747574&linkSecurityString=1d417df8f8 The company will distribute its second quarter earnings press release via newswire after the New York Stock Exchange closes on Thursday, August 1, 2024. The earnings press release and prepared remarks will also be available at https://investors.celanese.com after market close on Thursday, August 1, 2024. A replay of the conference call will be available on demand on August 2, 2024, from 1:00 p.m. ET until August 16, 2024, 12:00 a.m. ET, at the following number: Replay Number: 1-877-660-6853 Passcode: 13747574 The webcast replay will be available on demand at https://investors.celanese.com. About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio of sustainable products to meet increasing customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion. Contacts: Investor Relations William Cunningham +1 302 772 5231 william.cunningham@celanese.com Media Relations - Global Brian Bianco +1 972 443 4400 media@celanese.com Read More July 2, 2024 Celanese to Hold Second Quarter Earnings Conference Call on August 2, 2024 Auburn Hills, Mich. (June 12, 2024) – Celanese Corporation, a global specialty materials and chemical company, today announced it has been honored by DENSO, a leading Tier 1 mobility supplier, with a Quality Performance Award as part of its 2023 Business Partner of the Year Awards. This prestigious recognition was presented during DENSO’s annual North America Business Partner Convention held on June 11. “This award is based on stringent criteria, and recognizes suppliers who have demonstrated exceptional quality performance, helping DENSO to maintain its reputation for high-quality automotive components,” said Tom Kelly, senior vice president of Engineered Materials at Celanese. “We are honored that our unwavering commitment to quality and collaboration is supporting innovation and growth at DENSO.” Celanese supplies Zytel® PA (polyamide) and Zytel® LCPA (long-chain polyamide) resins to DENSO across the U.S., Canada and Mexico. These materials support the production of thermal system components such as radiator end tanks. DENSO’s Business Partner of the Year Awards celebrate companies that excel in various areas including quality, service, technology, value, sustainability and diversity, equity, inclusion and belonging. A core theme of this year’s awards program was a renewed focus on DENSO Spirit, a company philosophy representing foresight, credibility and collaboration. “Our 75th anniversary is not only a time to reflect on the ideals, and partners, that have fueled our past success, but also an opportunity to look forward at how we can build a brighter future for all,” said Kim Buhl, vice president of the North America Purchasing Group at DENSO. “Our suppliers are essential to this work. With that in mind, we congratulate this year’s award winners, express our gratitude to all our partners and are eager to continue our efforts together to create new value for society.” At Celanese, maintaining and updating systems that meet global customers' rigorous quality, environmental, health and safety standards is paramount. Pioneering ISO 9000 certification in the early 1990s, the company continues to lead in operational quality and sustainability. About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion. About DENSO Globally headquartered in Kariya, Japan, DENSO is a $47.2 billion leading mobility supplier that develops advanced technology and components for nearly every vehicle make and model on the road today. With manufacturing at its core, DENSO invests in around 180 facilities worldwide to provide opportunities for rewarding careers and to produce cutting-edge electrification, powertrain, thermal and mobility electronics products, among others, that change how the world moves. In developing such solutions, the company’s 162,000 global employees are paving the way to a mobility future that improves lives, eliminates traffic accidents, and preserves the environment. DENSO spent around 7.7 percent of its global consolidated sales on research and development in the fiscal year ending March 31, 2024. For more information about DENSO’s operations worldwide, visit www.denso.com/global. In North America, DENSO is headquartered in Southfield, Michigan, and employs 27,000+ engineers, researchers, and skilled workers across nearly 50 sites in the U.S, Canada and Mexico. In the United States alone, DENSO employs 17,500+ employees across 14 states (and the District of Columbia) at 41 sites. In the fiscal year ending March 31, 2024, DENSO in North America generated $11.7 billion in consolidated sales. DENSO is committed to advancing diversity and inclusion inside the company and beyond – a principle that brings together unique perspectives, bolsters innovation and pushes DENSO forward. To learn more about DENSO operations in the region and to review current career opportunities, please visit www.denso.com/us-ca/en/. ### For further information contact: Rachel Delaurier Celanese Corporation M: 810.358.5012 Rachel.Delaurier@celanese.com Read More June 12, 2024 Celanese Receives Quality Performance Award from DENSO DALLAS (June 7, 2024) – Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today confirmed a declaration of force majeure and sales control for acetic acid and vinyl acetate monomer (VAM) sold in the Western Hemisphere. This comes as a result of intensifying force majeure conditions and operational failures experienced by multiple suppliers of critical raw materials essential to Celanese’s production of these products. Production challenges caused by these raw material supply disruptions, as well as other operational issues in its Acetyl Chain U.S. gulf coast network, are being assessed and actions are being taken to offset production losses. The Acetyl Chain business is focused on meeting customers’ needs by utilizing all available network capabilities. The business has invested over the years to strategically enhance the flexibility of its integrated supply chain and will exercise that optionality to minimize customer disruptions. While under sales control, all non-contracted orders will be reviewed on a case-by-case basis. “Right now, we anticipate that our second quarter U.S. gulf coast production of acetic acid and VAM will be negatively impacted by 15 to 20 percent as a result of these temporary challenges which we are still navigating,” said Mark Murray, senior vice president of the Acetyl Chain. “As we work through these challenges, we are prioritizing continuity of supply for our customers by employing the optionality that has been the hallmark of this business. The primary financial impact of these challenges in the second quarter will be due to incremental costs associated with production at higher cost facilities, external sourcing, and logistics in order to minimize impacts to our customers. There may also be a volume impact in the quarter depending on the magnitude of lost production.” Celanese regrets the impact this could have on customers and will stay in close communication to minimize the impact of these challenges. At this time, Celanese cannot provide any further details or timing of the full impact to customers or to its financial outlook. Celanese will comment further on the resolution of these temporary challenges and the financial impact when it reports second quarter earnings. ### About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio of sustainable products to meet increasing customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion. Celanese Contacts: Investor Relations Media Relations – Global Bill Cunningham Brian Bianco +1 972 443 4730 +1 972 443 4400 william.cunningham@celanese.com media@celanese.com Forward-Looking Statements The information set forth in this release contains certain “forward-looking statements,” which include information concerning the Company’s plans, objectives, goals, future revenues, financial performance, expected future costs and other information that is not historical information. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained herein. Numerous factors, many of which are beyond the Company’s control could cause actual results to differ materially from those expressed as forward-looking statements. Certain of these risk factors are discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date the statement is made. Read More June 7, 2024 Celanese Corporation Declares Force Majeure on Western Hemisphere Acetic Acid and VAM SILVASSA AND HYDERABAD, INDIA (May 20, 2024) – Celanese Corporation, a global specialty materials and chemical company, today announced the opening of two new facilities: the India Technical Center in Silvassa and a new Shared Service Center in Hyderabad. Both facilities will allow the employee teams in India to better support both local customers as well as global employees through a range of capabilities. The India Technical Center brings together state of the art application development, testing and analytics capabilities designed to support the growth of its customers in India and provide services to Celanese global teams. “The India Technical Center will not only effectively support Indian customers, but also provide support to Celanese internal teams and customers outside of India as part of Celanese global lab network,” said Owen Liu, Asia Pacific Technology and Innovation Leader. “This center will also help speed up development of new and emerging applications while enabling quick responses to our customers’ new product development and application related queries. We encourage our customers to visit the India Technical Center and take advantage of its capabilities to help them achieve their business objectives.” The new Shared Service Center in Hyderabad, India is housed in a modern building designed with emphasis on providing a bright and ergonomic workspace for its employees. The almost 20,000 square foot office features collaborative spaces, facilities that foster inclusion and can seat nearly 450 people, including the 290 colleagues already employed there. “India has a strong pool of capable and experienced talent that can serve our global needs very effectively,” said Nico Scialdone, Site Director, Hyderabad. “We are confident that the Celanese work culture, values and growth opportunities for employees will enable the center to attract and nurture the right talent and become an integral part of our global shared services network.” ### About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion. Celanese Contact: Media Relations – APAC Racheal Xu ruizhe.xu@celanese.com Read More May 20, 2024 Celanese Expands Presence in India DALLAS (May 9, 2024) – Celanese Corporation, a global specialty materials and chemical company, today announced it has received the American Chemistry Council’s (ACC) 2024 Sustainability Leadership Award, which recognizes exemplary products, technologies and initiatives that help advance sustainability. Celanese earned the award in the “Circularity” category for its active carbon capture and utilization (CCU) project at its Clear Lake, Texas, manufacturing site as part of its Fairway Methanol joint venture with Mitsui & Co., Ltd. The project is expected to capture 180,000 metric tons of carbon dioxide (CO2) industrial emissions and produce 130,000 metric tons of low-carbon methanol annually. “Our vision at Celanese is to improve the world and everyday life through our people, chemistry and innovation and this award is a huge honor for us,” said Lori Ryerkerk, CEO of Celanese. “This CCU project is a strong example of how our talented teams are using the building blocks of chemistry to create a new solution that is now helping our customers reach sustainability goals and targets that were previously out of reach.” The CCU project takes CO2 industrial emissions that would otherwise be emitted into the atmosphere from both Celanese and third-party sources and applies reduced-carbon-intensity hydrogen to chemically convert the captured CO2 into a methanol building block used for downstream production. This low-carbon input is then used to reduce traditional fossil fuel-based raw materials to produce a wide range of ECO-CC products that can benefit most major industries. The International Sustainability and Carbon Certification (ISCC) also recently certified Low Carbon CCU (carbon capture and utilization) Methanol under the ISCC Carbon Footprint Certification (CFC) system. “We are honored to receive this incredible recognition from ACC,” said Mark Murray, senior vice president, Acetyls at Celanese. “Our teams have worked hard to enable us to provide sustainable solutions that are being explored across a number of industries and we’re excited for what’s ahead for both this technology and our customers that will utilize ECO-CC products to move toward a circular economy.” ACC’s Sustainability Leadership Awards honor member companies for their achievements and contributions to sustainability across the following four priority areas: Product Safety, Innovation & Transparency, Environmental Protection, Circularity and Social Responsibility & Community Engagement. ACC convened a judging panel made up of external sustainability leaders from academia, nonprofit and media sectors to review and select the award winners. The judging panel chose winning initiatives based on a range of factors, including the level of innovation the initiative demonstrated, the scope and reach of its impacts and the extent to which it addresses priorities outlined in ACC’s Sustainability Principles and the UN Sustainable Development Goals. For more information about CCU technology at Celanese, watch our video or visit www.celanese.com/en/sustainability-offerings. ### About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion. About Mitsui Mitsui & Co., Ltd. (8031: JP) is a global trading and investment company with a presence in more than 60 countries and a diverse business portfolio covering a wide range of industries. Mitsui identifies, develops, and grows its businesses in partnership with a global network of trusted partners including world leading companies, combining its geographic and cross-industry strengths to create long-term sustainable value for its stakeholders. Mitsui has set three key strategic initiatives for its current Medium-term Management Plan: supporting industries to grow and evolve with stable supplies of resources and materials, and providing infrastructure; promoting a global transition to low-carbon and renewable energy; and empowering people to lead healthy lives through the delivery of quality healthcare and access to good nutrition. Visit www.mitsui.com for more information. About Fairway Methanol LLC The Clear Lake methanol unit was commissioned in October 2015 as a joint venture between Celanese and Mitsui & Co., Ltd. The unit utilizes abundant, low-cost natural gas in the U.S. Gulf Coast region as a feedstock. The joint venture operates as Fairway Methanol LLC, with both Celanese and Mitsui maintaining a 50/50 ownership. About ACC The American Chemistry Council (ACC) represents the leading companies engaged in the multibillion-dollar business of chemistry. ACC members apply the science of chemistry to make innovative products, technologies and services that make people’s lives better, healthier and safer. ACC is committed to improved environmental, health, safety and security performance through Responsible Care®; common sense advocacy addressing major public policy issues; and health and environmental research and product testing. ACC members and chemistry companies are among the largest investors in research and development, and are advancing products, processes and technologies to address climate change, enhance air and water quality, and progress toward a more sustainable, circular economy. Celanese Contacts: Investor Relations Brandon Ayache +1 972 443 8509 brandon.ayache@celanese.com Media Relations - Global Brian Bianco +1 972 443 4400 media@celanese.com Read More May 9, 2024 Celanese Receives American Chemistry Council’s 2024 Sustainability Leadership Award for Achievements in Circularity Dallas, May 8, 2024: Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today reported first quarter 2024 U.S. GAAP diluted earnings per share of $1.10 and adjusted earnings per share of $2.08. The Company generated net sales of $2.6 billion in the quarter, an increase of 2 percent from the prior quarter, reflecting a sequential increase in volume of 2 percent and neutral pricing. Celanese continued to execute against controllable actions in a demand environment that is stabilizing but has not yet returned to normalized levels. As a result, the Company largely offset the sequential impacts of first quarter seasonality as well as significantly higher expenses associated with the completion of planned turnarounds. Celanese reported first quarter operating profit of $210 million, adjusted EBIT of $407 million, and operating EBITDA of $583 million at margins of 8, 16, and 22 percent, respectively. The difference between U.S. GAAP diluted earnings per share and adjusted earnings per share in the first quarter was primarily due to Certain Items totaling $97 million.1 "Our first quarter results demonstrate our ability to execute in a commercial environment that has stabilized but still shows limited signs of meaningful recovery," said Lori Ryerkerk, chair and chief executive officer. "We saw the realization of financial benefits from actions that were completed last year, particularly within the former M&M portfolio, and we continue to put in place further initiatives to enhance the earnings power of Celanese. I thank our teams for their dedication in executing our plan, allowing us to exceed our previous earnings expectations for the quarter." 1 Mainly driven by shutdown-related costs and M&A-related costs First Quarter 2024 Financial Highlights: Three Months Ended March 31, 2024 December 31, 2023 March 31, 2023 (unaudited) (In $ millions, except per share data) Net Sales Engineered Materials 1,378 1,406 1,630 Acetyl Chain 1,261 1,181 1,250 Intersegment Eliminations (28) (18) (27) Total 2,611 2,569 2,853 Operating Profit (Loss) Engineered Materials 89 122 112 Acetyl Chain 254 264 278 Other Activities (133) (127) (139) Total 210 259 251 Net Earnings (Loss) 124 701 93 Adjusted EBIT(1) Engineered Materials 201 199 215 Acetyl Chain 296 300 316 Other Activities (90) (65) (107) Total 407 434 424 Equity Earnings and Dividend Income, Other Income (Expense) Engineered Materials 50 45 10 Acetyl Chain 36 33 34 Operating EBITDA(1) 583 608 596 Diluted EPS - continuing operations $ 1.10 $ 6.43 $ 0.86 Diluted EPS - total $ 1.10 $ 6.37 $ 0.83 Adjusted EPS(1) $ 2.08 $ 2.24 $ 2.01 Net cash provided by (used in) investing activities (151) (168) (178) Net cash provided by (used in) financing activities (259) (240) (69) Net cash provided by (used in) operating activities 101 830 (96) Free cash flow(1) (40) 702 (261) ____________________________ 1. See "Non-US GAAP Financial Measures" below. Recent Highlights: * Completed the successful startup of a new 1.3 million ton Clear Lake acetic acid expansion unit. * Completed actions to enhance the flexibility of the Acetyl Chain by building out downstream capabilities, including: * ◦The successful startup of a new vinyl acetate ethylene (VAE) unit in Nanjing that increases VAE capacity by 70 kt to address growing regional demand in Asia. * ◦The completion of global, low-capital debottlenecking projects for downstream redispersible polymer powders (RDP) to improve the flexibility in the Acetyl Chain and further address growing demand. * Announced the planned closure of all operations in Mechelen, Belgium, a specialty compounding facility that was acquired as part of the M&M acquisition. This action is consistent with the Company's strategy to exit high cost facilities while driving productivity in lower cost facilities. * Elected Kim K.W. Rucker as the new lead independent director. Ms. Rucker, former Executive Vice President, General Counsel and Corporate Secretary for Andeavor (formerly Tesoro Corp.) and experienced corporate director, has been a member of the Celanese Board of Directors since 2018. First Quarter Business Segment Overview Acetyl Chain The Acetyl Chain delivered first quarter net sales of $1.3 billion, a 7 percent increase from the prior quarter. Volume increased by 5 percent sequentially due to a modest increase in Asia demand and seasonal recovery in the Americas and Europe. First quarter pricing across the Acetyl Chain increased by 1 percent sequentially. In response to challenging commercial dynamics with acetic acid in China, the business exercised its unique optionality within its integrated value chain to capture margin through downstream derivatives such as emulsions and RDP. The Acetyl Chain delivered first quarter operating profit of $254 million, adjusted EBIT of $296 million, and operating EBITDA of $353 million at margins of 20, 23, and 28 percent, respectively. The business completed a planned seven week methanol turnaround on time and under budget. Additionally, the new acetic acid production unit at Clear Lake supported the business to drive incremental earnings across its network and partially offset the sequential increase in methanol turnaround expenses. The Acetyl Chain continued to take steps to support its foundational earnings by increasing downstream optionality through the successful addition of capacity in VAE and RDP. Engineered Materials Engineered Materials reported first quarter net sales of $1.4 billion, representing a sequential decrease of 2 percent. Net sales reflected a sequential volume decrease of 1 percent and a sequential pricing decrease of 1 percent. Volume was similar to the previous quarter with slight improvements in both automotive and distribution volumes partially offset by seasonal declines in medical implants. Engineered Materials delivered first quarter operating profit of $89 million, adjusted EBIT of $201 million, and operating EBITDA of $303 million, at margins of 6, 15, and 22 percent, respectively. The sequential earnings performance was mainly driven by realization of lower raw material costs flowing through inventory as well as sales mix improvements. Both dynamics were especially prominent in the nylon business, which delivered a $26 million sequential increase in gross profit contribution and the highest quarterly contribution from the former M&M product portfolio since the completion of the acquisition. Engineered Materials implemented further value enhancing initiatives to continue driving margin expansion. Among these were the closure of nylon 66 polymerization in Uentrop, Germany, the integration of the former M&M business onto the upgraded SAP S/4HANA ERP system, and the announcement of plans to cease all operations at the specialty compounding site in Mechelen, Belgium which was acquired as part of the M&M acquisition. Cash Flow and Tax Celanese reported first quarter operating cash flow of $101 million and free cash flow of $(40) million, representing increases of $197 million and $221 million, respectively, when compared to the same period of last year. First quarter results included a sequential increase in working capital from typical seasonality, net cash interest expense of $204 million due to timing of coupon payments, and cash capital expenditures of $137 million driven by project completion timing. Celanese returned $77 million in cash to shareholders via dividends in the quarter. The effective U.S. GAAP income tax rate was 21 percent for the first quarter compared to 21 percent for the same quarter in 2023. The U.S. GAAP effective rate for the current year was unfavorably impacted by the tax effect of debt restructuring transactions, and the U.S. GAAP rate for the prior period was unfavorably impacted by increases in valuation allowances on U.S. foreign tax credit carryforwards due to revised forecasts of foreign sourced income and expenses during the carryforward period that did not re-occur in the current period. The effective tax rate for adjusted earnings was 9 percent based on expected jurisdictional earnings mix for the full year and consideration of other non-recurring U.S. GAAP items. Outlook "Given the current demand environment and muted seasonal commercial lift, our focus will remain on what we can control to sustainably lift the earnings of Celanese," said Lori Ryerkerk. "Along with further improvement in the profitability of our acquired product portfolio, we expect benefits from our Clear Lake expansion, Uentrop closure, and SAP S/4HANA ERP integration to contribute in the second quarter and accelerate across the year. Because of these foundational value creation initiatives, I am confident we will deliver a ramp in earnings performance in the second quarter and into the second half of the year." Based on the timing of major value creation projects and reflective of the current commercial environment, the Company anticipates second quarter adjusted earnings per share of $2.60 to $3.00, inclusive of approximately $0.30 per share of M&M transaction amortization. Reconciliations of forecasted non-GAAP measures such as adjusted earnings per share, adjusted EBIT or free cash flow to the equivalent U.S. GAAP measures (diluted earnings per share, net earnings (loss) attributable to Celanese Corporation and net cash provided by (used in) operations, respectively), are not available without unreasonable efforts because a forecast of Certain Items, such as mark-to-market pension gains/losses, and other items is not practical. For more information, see "Non-GAAP Financial Measures" below. The Company's prepared remarks related to the first quarter will be posted on its website at investors.celanese.com under Financial Information/Financial Document Library on May 8, 2024. Information about Non-US GAAP measures is included in a Non-US GAAP Financial Measures and Supplemental Information document posted on our investor relations website under Financial Information/Non-GAAP Financial Measures. See also "Non-GAAP Financial Measures" below. Contacts: Investor Relations Media - U.S. Media - Europe Bill Cunningham Brian Bianco Petra Czugler Phone: +1 484 905 1129 Phone: +1 972 443 4400 Phone: +49 69 45009 1206 william.cunningham@celanese.com media@celanese.com petra.czugler@celanese.com Celanese Corporation is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion. Forward-Looking Statements This release may contain "forward-looking statements," which include information concerning the Company's plans, objectives, goals, strategies, future revenues, cash flow, financial performance, synergies, capital expenditures, financing needs and other information that is not historical information. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements contained in this release. These risks and uncertainties include, among other things: changes in general economic, business, political and regulatory conditions in the countries or regions in which we operate; the length and depth of product and industry business cycles, particularly in the automotive, electrical, textiles, electronics and construction industries; volatility or changes in the price and availability of raw materials and energy, particularly changes in the demand for, supply of, and market prices of ethylene, methanol, natural gas, wood pulp and fuel oil and the prices for electricity and other energy sources; the ability to pass increases in raw material prices, logistics costs and other costs on to customers or otherwise improve margins through price increases; the possibility that we will not be able to timely or effectively continue to integrate the Mobility & Materials business (the "M&M Business") we acquired from DuPont de Nemours, Inc. (the "M&M Acquisition") in order to realize the anticipated benefits of the M&M Acquisition, including synergies and growth opportunities, whether as a result of difficulties arising from the operation of the M&M Business or other unanticipated delays, costs, inefficiencies or liabilities; increased commercial, legal or regulatory complexity of entering into, or expanding our exposure to, certain end markets and geographies; risks in the global economy and equity and credit markets and their potential impact on our ability to pay down debt in the future and/or refinance at suitable rates, in a timely manner, or at all; risks and costs associated with increased leverage from the M&M Acquisition, including increased interest expense and potential reduction of business and strategic flexibility; the ability to maintain plant utilization rates and to implement planned capacity additions, expansions and maintenance; the ability to reduce or maintain current levels of production costs and to improve productivity by implementing technological improvements to existing plants; increased price competition and the introduction of competing products by other companies; the ability to identify desirable potential acquisition or divestiture opportunities and to complete such transactions, including obtaining regulatory approvals, consistent with the Company's strategy; market acceptance of our products and technology; compliance and other costs and potential disruption or interruption of production or operations due to accidents, interruptions in sources of raw materials, transportation, logistics or supply chain disruptions, cybersecurity incidents, terrorism or political unrest, public health crises (including, but not limited to, the COVID-19 pandemic), or other unforeseen events or delays in construction or operation of facilities, including as a result of geopolitical conditions, the direct or indirect consequences of acts of war or conflict (such as the Russia-Ukraine conflict or the Israel-Hamas conflict) or terrorist incidents or as a result of weather, natural disasters, or other crises; the ability to obtain governmental approvals and to construct facilities on terms and schedules acceptable to the Company; changes in applicable tariffs, duties and trade agreements, tax rates or legislation throughout the world including, but not limited to, adjustments, changes in estimates or interpretations or the resolution of tax examinations or audits that may impact recorded or future tax impacts and potential regulatory and legislative tax developments in the United States and other jurisdictions; changes in the degree of intellectual property and other legal protection afforded to our products or technologies, or the theft of such intellectual property; potential liability for remedial actions and increased costs under existing or future environmental, health and safety regulations, including those relating to climate change or other sustainability matters; potential liability resulting from pending or future claims or litigation, including investigations or enforcement actions, or from changes in the laws, regulations or policies of governments or other governmental activities in the countries in which we operate; changes in currency exchange rates and interest rates; our level of indebtedness, which could diminish our ability to raise additional capital to fund operations or limit our ability to react to changes in the economy or the chemicals industry; tax rates and changes thereto; and various other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. Non-GAAP Financial Measures Presentation This document presents the Company's two business segments, Engineered Materials and the Acetyl Chain. Use of Non-US GAAP Financial Information This release uses the following Non-US GAAP measures: adjusted EBIT, adjusted EBIT margin, operating EBITDA, operating EBITDA margin, adjusted earnings per share and free cash flow. These measures are not recognized in accordance with US GAAP and should not be viewed as an alternative to US GAAP measures of performance or liquidity. The most directly comparable financial measure presented in accordance with US GAAP in our consolidated financial statements for adjusted EBIT and operating EBITDA is net earnings (loss) attributable to Celanese Corporation; for adjusted EBIT margin is operating margin; for operating EBITDA margin is operating margin; for adjusted earnings per share is earnings (loss) from continuing operations attributable to Celanese Corporation per common share-diluted; and for free cash flow is net cash provided by (used in) operations. Definitions of Non-US GAAP Financial Measures * Adjusted EBIT is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense and taxes, and further adjusted for Certain Items (refer to Table 8 of our Non-US GAAP Financial Measures and Supplemental Information document). We do not provide reconciliations for adjusted EBIT on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Adjusted EBIT margin is defined by the Company as adjusted EBIT divided by net sales. * Operating EBITDA is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense, taxes and depreciation and amortization, and further adjusted for Certain Items, which Certain Items include accelerated depreciation and amortization expense. Operating EBITDA is equal to adjusted EBIT plus depreciation and amortization. Operating EBITDA margin is defined by the Company as operating EBITDA divided by net sales. * Adjusted earnings per share is a performance measure used by the Company and is defined by the Company as earnings (loss) from continuing operations attributable to Celanese Corporation, adjusted for income tax (provision) benefit, Certain Items, and refinancing and related expenses, divided by the number of basic common shares and dilutive restricted stock units and stock options calculated using the treasury method. We do not provide reconciliations for adjusted earnings per share on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of Certain Items, such as mark-to-market pension gains and losses, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Note: The income tax expense (benefit) on Certain Items ("Non-GAAP adjustments") is determined using the applicable rates in the taxing jurisdictions in which the Non-GAAP adjustments occurred and includes both current and deferred income tax expense (benefit). The income tax rate used for adjusted earnings per share approximates the midpoint in a range of forecasted tax rates for the year. This range may include certain partial or full-year forecasted tax opportunities and related costs, where applicable, and specifically excludes changes in uncertain tax positions, discrete recognition of GAAP items on a quarterly basis, other pre-tax items adjusted out of our GAAP earnings for adjusted earnings per share purposes and changes in management's assessments regarding the ability to realize deferred tax assets for GAAP. In determining the adjusted earnings per share tax rate, we reflect the impact of foreign tax credits when utilized, or expected to be utilized, absent discrete events impacting the timing of foreign tax credit utilization. We analyze this rate quarterly and adjust it if there is a material change in the range of forecasted tax rates; an updated forecast would not necessarily result in a change to our tax rate used for adjusted earnings per share. The adjusted tax rate is an estimate and may differ from the actual tax rate used for GAAP reporting in any given reporting period. Table 3a of our Non-US GAAP Financial Measures and Supplemental Information document summarizes the reconciliation of our estimated GAAP effective tax rate to the adjusted tax rate. The estimated GAAP rate excludes discrete recognition of GAAP items due to our inability to forecast such items. As part of the year-end reconciliation, we will update the reconciliation of the GAAP effective tax rate to the adjusted tax rate for actual results. * Free cash flow is a liquidity measure used by the Company and is defined by the Company as net cash provided by (used in) operations, less capital expenditures on property, plant and equipment, and adjusted for contributions from or distributions to our noncontrolling interest joint ventures. We do not provide reconciliations for free cash flow on a forward-looking basis (including those contained in this document) when we are unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing and amount of items such as working capital changes, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes, that have not yet occurred, are out of our control and/or cannot be reasonably predicted. For the same reasons, we are unable to address the probable significance of the unavailable information. Reconciliation of Non-US GAAP Financial Measures Reconciliations of the Non-US GAAP financial measures used in this press release to the comparable US GAAP financial measure, together with information about the purposes and uses of Non-US GAAP financial measures, are included in our Non-US GAAP Financial Measures and Supplemental Information document filed as an exhibit to our Current Report on Form 8-K filed with the SEC on or about May 8, 2024 and also available on our website at investors.celanese.com under Financial Information/Financial Document Library. Results Unaudited The results in this document, together with the adjustments made to present the results on a comparable basis, have not been audited and are based on internal financial data furnished to management. Quarterly results should not be taken as an indication of the results of operations to be reported for any subsequent period or for the full fiscal year. Supplemental Information Additional information about our prior period performance is included in our Quarterly Reports on Form 10-Q and in our Non-US GAAP Financial Measures and Supplemental Information document. Consolidated Statements of Operations - Unaudited Three Months Ended March 31, 2024 December 31, 2023 March 31, 2023 (In $ millions, except share and per share data) Net sales 2,611 2,569 2,853 Cost of sales (2,057) (1,956) (2,222) Gross profit 554 613 631 Selling, general and administrative expenses (265) (272) (285) Amortization of intangible assets (41) (40) (41) Research and development expenses (34) (32) (42) Other (charges)gains, net (14) (18) (23) Foreign exchange gain (loss), net 11 11 6 Gain (loss) on disposition of businesses and assets, net (1) (3) 5 Operating profit (loss) 210 259 251 Equity in net earnings (loss)of affiliates 55 52 15 Non-operating pension and other postretirement employee benefit (expense) income 2 (67) 1 Interest expense (169) (178) (182) Interest income 13 12 8 Dividend income - equity investments 34 31 34 Other income (expense), net 12 23 (6) Earnings (loss)from continuing operations before tax 157 132 121 Income tax (provision)benefit (33) 575 (25) Earnings (loss)from continuing operations 124 707 96 Earnings (loss)from operation of discontinued operations — (8) (3) Income tax (provision)benefit from discontinued operations — 2 — Earnings (loss)from discontinued operations — (6) (3) Net earnings (loss) 124 701 93 Net (earnings) lossattributable to noncontrolling interests (3) (3) (2) Net earnings (loss)attributable to Celanese Corporation 121 698 91 Amounts attributable to Celanese Corporation Earnings (loss) from continuing operations 121 704 94 Earnings (loss) from discontinued operations — (6) (3) Net earnings (loss) 121 698 91 Earnings (loss)per common share - basic Continuing operations 1.11 6.46 0.87 Discontinued operations — (0.05) (0.03) Net earnings (loss) - basic 1.11 6.41 0.84 Earnings (loss)per common share - diluted Continuing operations 1.10 6.43 0.86 Discontinued operations — (0.06) (0.03) Net earnings (loss) - diluted 1.10 6.37 0.83 Weighted average shares (in millions) Basic 109.1 109.0 108.6 Diluted 109.5 109.5 109.2 Consolidated Balance Sheets - Unaudited As of March 31, 2024 As of December 31, 2023 (In $ millions) ASSETS Current Assets Cash and cash equivalents 1,483 1,805 Trade receivables - third party and affiliates, net 1,289 1,243 Non-trade receivables, net 536 541 Inventories 2,354 2,357 Other assets 283 272 Total current assets 5,945 6,218 Investments in affiliates 1,238 1,220 Property, plant and equipment, net 5,471 5,584 Operating lease right-of-use assets 396 422 Deferred income taxes 1,618 1,677 Other assets 537 524 Goodwill 6,926 6,977 Intangible assets, net 3,902 3,975 Total assets 26,033 26,597 LIABILITIES AND EQUITY Current Liabilities Short-term borrowings and current installments of long-term debt - third party and affiliates 2,439 1,383 Trade payables - third party and affiliates 1,447 1,510 Other liabilities 1,011 1,154 Income taxes payable 28 25 Total current liabilities 4,925 4,072 Long-term debt, net of unamortized deferred financing costs 11,018 12,301 Deferred income taxes 1,016 999 Uncertain tax positions 298 300 Benefit obligations 444 457 Operating lease liabilities 296 325 Other liabilities 505 591 Commitments and Contingencies Shareholders' Equity Treasury stock, at cost (5,488) (5,488) Additional paid-in capital 383 394 Retained earnings 12,973 12,929 Accumulated other comprehensive income (loss), net (797) (744) Total Celanese Corporation shareholders' equity 7,071 7,091 Noncontrolling interests 460 461 Total equity 7,531 7,552 Total liabilities and equity 26,033 26,597 Read More May 8, 2024 Celanese Corporation Reports First Quarter Earnings DALLAS and AUBURN HILLS (May 1, 2024) – Celanese Corporation, a global specialty materials and chemical company, will highlight its broad engineered materials product portfolio and solutions at this year's NPE, "The Plastics Show,” North America's largest plastics exhibition. The event will be held May 6-10 at the Orange County Convention Center in Orlando, FL. Tom Kelly, senior vice president of Engineered Materials at Celanese, expressed enthusiasm about the company's return to NPE after the show's six year hiatus. "We are thrilled to reconnect with our customers and discuss our collaborative efforts in crafting a more sustainable future. Our focus at NPE will be on the synergy between human ingenuity and advanced polymers." In the South Hall, meeting room S230, Celanese subject matter experts will present a range of new sustainable solutions and materials available to assist customers in addressing two of their most significant challenges: achieving sustainable mobility and reducing the time and cost of developing new products. The four innovation highlights will include: * Circular Economy: Emphasizing responsible production, Celanese will present its advancements in unique chemistries and specialty materials, including ECO-B (bio content), ECO-R (recycled content) and the expanded ECO-C (carbon capture) products. These solutions underscore the company's commitment to reducing carbon footprints and fostering a circular economy. * Advanced Mobility: Celanese will address the latest trends for electric vehicles (EVs) regarding safety, range, charging time and sustainability. Solutions proven to increase battery performance, mitigate thermal propagation, reduce the weight of battery housings and improve thermal management will be on display. * Better, Healthier Lifestyles: The recently launched NEOLAST™ fiber in partnership with Under Armour will also be featured. This new fiber offers the apparel industry a high performing alternative to elastane, representing a critical first step for the industry to address the challenge of recycling blended fabrics. Additionally, attendees will learn about the company’s broad portfolio of engineered materials that enable smarter, safer and more efficient design and manufacturing of appliances, personal care applications, footwear and medical devices. * Future Connectivity: Our solutions help connect the world. From stable and high-speed connections for the network of artificial intelligence/machine learning and advanced wireless infrastructure, to consumer electronics requiring lightweight, miniaturization, design freedom and sustainability, to advanced electrical components addressing complex industrial challenges, we will showcase our ideas and differentiated offerings for the next generation of devices, parts and components. "At Celanese, we are passionate about innovation, and it is at the core of our mission to meet the diverse requirements of global manufacturers,” said Pedro Van Hoecke, vice president of global technology & innovation, Engineered Materials, Celanese. “Our highly experienced team of polymer engineers and application development specialists are located throughout the world, enabling us to meet the rigorous technical demands of both our consumer and industrial clients in every region. Partnering with us gives our clients a competitive edge in launching new products and applications to the market quickly. We are confident in our ability to help our clients achieve their goals and stay ahead of the curve." For more information, visit https://www.celanese.com/events-tradeshows/npe-2024. ### About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet increasing customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion. For further information contact: Rachel Delaurier Celanese Corporation M: 810.358.5012 Rachel.Delaurier@celanese.com Read More May 1, 2024 Celanese to Showcase Sustainable Solutions at NPE 2024: Shaping the Future for a More Circular Economy DALLAS and SHANGHAI (April 22, 2024) - Celanese Corporation, a global specialty materials and chemical company, today unveiled its latest innovations in engineered materials for the electrical/electronics (E&E) and automotive industries at Chinaplas 2024. These new materials enable manufacturers to improve their current products with more sustainable solutions that also offer excellent performance. E&E industry solutions include: * Vectra® | Zenite® LCP ECO-B, made with up to 60% renewable content using a mass balance approach. This material offers the same high-quality performance and dimensional stability as standard liquid crystal polymers (LCP), supporting customers' efforts to reduce their environmental impact without compromising quality. * Zytel® High Performance Nylons (HPN) grades, which are a transformation range of renewably-sourced solutions designed for the consumer electronics sector. These grades have the potential to redefine industry standards by offering ultra-low density combined with high modulus, enhancing the performance of devices like smartphones, AR/VR gear and other wearables. Zytel® HPN grades not only offer significant weight reduction – up to 30% lighter than conventional materials – but also improve environmental footprint, optimize dielectric properties, reduce thickness and enhance laser enhancement plating capabilities. Enhanced flowability makes processing easier and increases design versatility. In addition, the high modulus materials provide superior dimensional stability, an essential property for precision components. * Zenite® LCP 16236(N), an ultra-high flow, low warpage LCP solution for miniaturization in connector applications. This material features remarkable flow characteristics suitable for thin-wall applications, stable warpage control critical for maintaining dimensional accuracy post-processing, UL94V-0 flame retardance at 0.2mm and high mechanical strength to ensure robust pin retention and reduce the risk of cracking during assembly. It can also enable customers to achieve even finer pitch and higher pin count for miniaturized connectors such as flexible printed circuit connectors and board-to-board products, increasing flowability to 30% to 40% compared to the next highest flow LCP grade. * Hostaform® POM ECO-C/Celcon® POM ECO-C, the only POM available globally that is derived from captured and utilitized CO2 emissions. It is identical in quality and performance to conventional POM, enabling a drop-in replacement in the manufacturing process through the International Sustainability and Carbon Certification (ISCC+) certified mass balance process. This material has exceptional qualities including outstanding wear and long-term fatigue resistance, as well as toughness (effective down to minus 40°C) and creep resistance. These characteristics make it highly suitable for automotive applications such as fuel systems, valves, gears, nozzles and bumper brackets, as well as E&E applications like scissor feet. The new POM ECO-C grades are estimated to deliver our lowest product carbon footprint for POM. For decades, original equipment manufacturers (OEM) have relied on Santoprene® TPV and Hytrel® TPC for dependable, durable automotive boots and bellows. New versions of each material continue to meet the mechanical and performance challenges of these applications, but also enable OEMs to pursue a more sustainable automotive future. These include: * Hytrel® TPC LCF Thermoplastic Elastomer delivers the well-known thermo-mechanical performance, flex fatigue and processing ease of Hytrel® TPC, but reduces a component’s carbon footprint by more than 50% compared to traditional CR neoprene rubber and up to 40% compared to other TPC materials. This material also offers a broad service temperature range of -40°C to 130°C and features a 40 Shore D hardness. * Santoprene® TPV ECO-R solutions provide the comparable quality as standard Santoprene® TPV grades but with the added benefit of post-consumer recyclate (PCR). Two grades are currently available with a minimum of 15% or 25 % PCR, respectively. Celanese estimates these materials can reduce carbon emissions by up to 59% compared to a similar component made with EPDM synthetic rubber. * Hytrel® TPC ECO-B is produced using a biomass balance approach certified by the ISCC+ standard, which helps ensure upstream supply chain traceability and contributes to the shift to a more circular economy. The second-generation biomass (bio residue/waste) approach does not compete with food/feed resources or induce land use change. * Zytel® XMP70G50, which is now available across the globe. This material, a PA66 resin reinforced with 50% short glass fibers, has a tensile strength of 270 MPa and a 19,000 MPa elastic modulus at 23°C (dry as molded). It is ideally suited to replace metal in electric vehicle chassis and structural components as well as many of the same components in vehicles with internal combustion engines. Compared with other thermoplastics, Zytel® XMP70G50 offers a significant leap forward in durability and fatigue resistance without sacrificing mechanical strength and processability. For more information, visit Celanese at Chinaplas 2024, Hall 7.2, #C51 or www.celanese.com. ### About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio of sustainable products to meet increasing customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion. For further information or to request a photo, contact: Helen Zhang M: +86 21 3861 9279 lan.zhang@celanese.com Read More April 22, 2024 Celanese Introduces Exciting New Solutions for E&E and Automotive Industries at Chinaplas 2024 previous-iconPreviousnext-iconNext ABOUT CELANESE Celanese is built on the tradition of using our expertise – chemical intermediates, engineered materials, polymers, emulsions and specialty food ingredients – to create a tailored portfolio of solutions for your company. Our commitment to providing you with the “best fit” answer for your needs is what makes us stand apart. Learn more Don’t see what you’re looking for? Contact Us expand-less-icon Back to Top COMPANY -------------------------------------------------------------------------------- Celanese {NYSE: CE} is a global chemical and specialty materials company that engineers and manufactures a wide variety of products essential to everyday living. 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