Celanese Announces Price Increases for Acetyl Products and Surcharges for Engineered Materials Products

DALLAS--()--Celanese Corporation (NYSE: CE), a global technology and specialty materials company, will increase list and off-list selling prices for the following acetyl products, as well as implement a surcharge for specific engineered materials products.

Celanese continues to be impacted by currency movements as a result of the recent significant Euro devaluation. These actions are necessary as part of the company’s efforts to mitigate these impacts. Customers should contact their Celanese sales representative for more details regarding this announcement.

Acetyl Products

 
Product

Europe

   
EUR/MT
Acetic Acid 50
Ethyl Acetate 70
 

Price increases for these acetyl products are effective March 1, 2015, or as contracts allow.

Engineered Materials Products

Celanese will also implement a surcharge to all European selling prices of Fortron® polyphenylene sulfide (PPS) and Vectra® / Zenite® liquid crystal polymer (LCP) by 8% effective March 1, 2015, or as contracts allow.

About Celanese

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. With sales almost equally divided between North America, Europe and Asia, the company uses the full breadth of its global chemistry, technology and business expertise to create value for customers and the corporation. Celanese partners with customers to solve their most critical needs while making a positive impact on its communities and the world. Based in Dallas, Texas, Celanese employs approximately 7,500 employees worldwide and had 2014 net sales of $6.8 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.

All registered trademarks are owned by Celanese International Corporation or its affiliates.

Forward-Looking Statements

This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures, financing needs and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. 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 in this release. 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. These factors include the inability to obtain regulatory approvals of the transaction and satisfy conditions on the proposed terms and schedule and the possibility that the transaction does not close. Other risk factors include those that are discussed 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.

Contacts

Celanese
Investor Relations
Jon Puckett, +1-972-443-4965
jon.puckett@celanese.com
or
Media Relations – Global
W. Travis Jacobsen, +1-972-443-3750
william.jacobsen@celanese.com
or
Media Relations Asia (Shanghai)
Phoebe Li, +86(21)3861 9210
Phoebe.li@celanese.com.cn
or
Media Relations Europe (Germany)
Jens Kurth, +49(0)69 45009 1574
j.kurth@celanese.com

Release Summary

Celanese Announces Price Increases for Acetyl Products and Surcharges for Engineered Materials Products

Contacts

Celanese
Investor Relations
Jon Puckett, +1-972-443-4965
jon.puckett@celanese.com
or
Media Relations – Global
W. Travis Jacobsen, +1-972-443-3750
william.jacobsen@celanese.com
or
Media Relations Asia (Shanghai)
Phoebe Li, +86(21)3861 9210
Phoebe.li@celanese.com.cn
or
Media Relations Europe (Germany)
Jens Kurth, +49(0)69 45009 1574
j.kurth@celanese.com