DALLAS & AMSTERDAM & SHANGHAI--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials company, today announced price increases on its propylene-based (PP) long fiber thermoplastics (LFT), including Celstran®, and its polybutylene terephthalate (PBT) and polyethylene terephthalate (PET) compounded engineering plastics, including Celenex®, Vandar®, Impet®, Pibiter®, OmniTech® and Compel® due to continued increases in raw material costs globally as well as the United States Trade Representative’s (USTR) implementation of a 25 percent tariff on PBT and PET products imported into the U.S. from China. The price increases below will be effective for orders shipped on or after August 23, 2018, or as contracts otherwise allow.
Asia Outside China
|Propylene-based (PP) LFT grades||-||-||￥1.00||-|
|Polyamide 66-based long-fiber thermoplastic grades (PA66-LFT)||-||-||￥3.00||-|
|PBT and PET||+25%||€0.13||-||$0.15|
Individual grades may be subject to a higher increase than specified above. Celanese is a leading supplier of engineered materials and the only supplier with global production facilities providing local supply to all regions of the world. Celanese continues to support its customers globally with a growing portfolio of products and functionalized grades. The company is committed to enhancing its product offerings and capabilities through ongoing investments in assets, technologies, and product and application expertise.
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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