DALLAS & AMSTERDAM & SHANGHAI--(BUSINESS WIRE)--Celanese Corporation (NYSE:CE), a global specialty materials company, today announced it will raise prices of all acetate tow product grades sold in Eastern Europe and Asia by $1.00/kg. This price increase will be effective for orders shipped on or after November 1, 2018, or as contracts otherwise allow.
"We have undertaken significant cost-reduction actions in the last few years to drive the sustainability of our business and ensure we deliver the support, quality and security of supply our customers have grown to rely on from Celanese,” said Marcel van Amerongen, Vice President, Cellulose Derivatives. “To further aid in securing sustainability, it is paramount to increase prices and offset recent declines. Celanese is committed to our acetate tow business as we continue to invest in manufacturing assets, innovation and service in order to position the company as the strategic partner for our customers.”
Customers are encouraged to contact their account manager for additional information.
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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