DALLAS & SHANGHAI--(BUSINESS WIRE)--Celanese Corporation (NYSE:CE), a global specialty materials company, today announced the addition of a new GUR® ultra-high molecular weight polyethylene (UHMW-PE) production line at its Nanjing, China manufacturing facility to support the significant growth in its engineered materials business, specifically the electric vehicle market.
“As the global demand for specialty materials increases in key industries such as medical, automotive, consumer goods and energy storage, Celanese is partnering with our customers to deliver the innovative materials found in products that consumers around the world use every day,” said Scott Sutton, Celanese Chief Operating Officer. “The GUR® capacity expansion at our Nanjing integrated chemical complex will enable Celanese to continue to support a growing and diverse customer base and respond to the increasing need for specialty materials such as ultra-high molecular weight polyethylene.”
The new production line at Celanese’s Nanjing manufacturing facility is expected to add approximately 15kT per year of GUR® UHMW-PE product capacity by 2019.
In addition to the demand for GUR® in sheet, profile and filter markets, Celanese is seeing market growth for GUR® in lithium ion battery separators for electric vehicle applications, resulting in 20% to 30% growth in demand per year, with most processors being located in China.
For additional information about Celanese engineered materials that are driving electric vehicle development, visit https://www.celanese.com/innovation/ev-range.aspx.
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.