DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials company, today announced it is in the initial stages of a capital efficient debottlenecking project of its polyoxymethylene (POM) production lines to support the continued growth in its engineered materials business.
“As the global demand for specialty materials continues to grow and the sophistication in functionalized polymers increases, Celanese is partnering with our customers to deliver innovative solutions,” said Scott Sutton, Celanese Chief Operating Officer. “The debottlenecking of Celanese’s POM polymer production lines will support a growing customer base and respond to the increasing complexity in high-performance polymers.”
This additional production of POM will allow Celanese to continue to grow its leadership market position according to the needs of the industry.
Phase I of the debottlenecking project is expected to be completed in 2020, and Phase II of the project will be completed shortly thereafter.
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.
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