DALLAS & SHANGHAI--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials company, today announced that it has entered into an agreement with Southwest Research and Design Institute of Chemical Industry (SWRDICI), a subsidiary of ChemChina, one of the largest chemical concerns in the world, to extend their joint research and development in acetyls technology.
The agreement calls for the continued exclusive collaboration between SWRDICI and Celanese to jointly develop technological advances in the production of acetic acid and other acetyls products.
“Asia is of critical importance for Celanese, particularly as we pursue our growth strategy to better meet increasing global customer demand,” said Todd Elliott, senior vice president, Acetyls. “SWRDICI has been a traditional supplier of technology to the acetyls industry. This contract allows Celanese to exclusively access local expertise to meet customer needs, furthering our capabilities to provide a highly reliable, cost efficient supply to the global acetyls market and develop new application opportunities for our products.”
“Celanese has a long-standing relationship with SWRDICI dating back to 2008, and as we expand our efforts in China as part of our strategy to meet global demand, our agreement with SWRDICI continues our acetyl technology development growth strategy with local partners,” concluded Elliott.
The Southwest Research & Design Institute of Chemical Industry is a national key laboratory for the utilization of industrial gas emissions. The laboratory focuses on the purification and utilization of industrial gas emissions and carries out research on basic technologies used in application, utilization and engineering development. It is an industrial gas emissions utilization laboratory with strengths in the research of gas separation and C1 chemical technologies, combining basic engineering technology, analysis and testing technology, and catalysis reaction engineering technology, focusing on carbonyl synthesis.
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. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2017 net sales of $6.1 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.
This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures 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 or its customers will realize these benefits or that these expectations 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. 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.