Celanese Corp - Company Profile
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Business Description
Celanese Corp (Celanese), a global technology solutions and specialty materials company, offers high performance engineered polymers and acetyl products. These products are used in diverse consumer and industrial end-use applications.
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R&D Overview
Its research and development (R&D) efforts focus on the development of new, and optimizing existing production technologies, and development of commercially viable new products and applications. The company has invested in testing, analytic and know-how to improve the performance of the products. The engineering materials business has a team for growth progress, for the purpose of identifying global disruptions in the polymer business. In FY2022, it spent US$112 million on R&D, which was equivalent to 1.2% of its revenue and grew 30.2% YoY.
Business Segments
Overview
Includes the integrated chain of intermediate chemistry, emulsion polymers and ethylene vinyl acetate (EVA) polymers businesses. Intermediate chemistry business manufactures and supplies acetyl products, including acetic acid, vinyl acetate monomer, acetic anhydride and acetate esters. These products are used as starting materials for paints, colorants, coatings, adhesives and pharmaceuticals. Includes manufacturing and marketing of acetate tow and acetate flake, used especially in filter product applications. It also produces organic solvents and intermediates for pharmaceutical, agricultural and chemical products. Emulsion polymers business produces vinyl acetate based emulsions and conventional emulsions. These products are used in paints and coatings, adhesives, construction, glass fiber, textiles and paper. EVA polymers business manufactures specialty EVA resins and compounds, besides select grades of low-density polyethylene. Its EVA polymer products are used in flexible packaging films, lamination film products, hot melt adhesives, automotive parts and carpeting. In FY2022, the segment’s capital expenditure stood at US$352 million, which increased 13.2% YoY.
Performance
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Overview
Includes engineered materials, food ingredients business and certain strategic affiliates. Major product portfolio includes polyoxymethylene, ultra-high molecular weight polyethylene, polybutylene terephthalate, long-fiber reinforced thermoplastics, liquid crystal polymers, thermoplastic elastomers, nylon compounds or formulations, polypropylene compounds, polyphenylene sulfide, acesulfame potassium, potassium sorbate and sorbic acid. Engineered materials business develops, produces and supplies a wide range of high-performance specialty polymers for automotive, medical, industrial and consumer electronics. Engineered materials products are used in fuel system components, medical applications, automotive safety systems, appliances, electronics, battery separators, industrial products, filtration equipment, conveyor belts, coatings, and electrical applications. In FY2022, the segment’s capital expenditure stood at US$178 million, which grew 15.58% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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