Celanese

Distributor extends cooperation with Celanese in EMEA, ASEAN, Brazil

Changes hit distribution in Europe, Americas / Shifts likely linked to new COO Richardson

More PBT grades from Celanese on offer

Better results likely in 2024 / Demand to remain soft / Firms send mixed messages

The plastics industry continues to work in a state of emergency / Slumps in demand, cheap imports and ever-new regulations make life difficult for producers and processors / Producers on the other side of the Atlantic also face more difficulties

North America November 2023: Rollovers, reductions prevail / Only PP moves higher / Weak orders coincide with ample supply / Year set to end on soft note

Bohnen named CEO of Plexiglas manufacturer

Q3 operating profit more than doubles on asset sale / 2023 adjusted earnings-per-share expected at lower end of forecast

North America October 2023: Rollovers predominate, only PP and PS move up / Surplus in nearly all segments / End of strike in auto industry unlikely to affect prices / Reductions expected in November / Further uncertainty due to Middle East conflict

Polymerisation of PA 6.6 to be discontinued in Germany / Half the jobs to be eliminated

US investment firm buys majority of POM ops

Acquisition of Spectrum Plastics for USD 1.75 bn / Forward integration with injection-moulded components for medical devices

First financial year shaped by DuPont and ExxonMobil acquisitions / Energy-hungry acetyl route under heavy pressure

PP compounds reinforced with long cellulose fibres / Lower carbon footprint

Significant price hike for Hytrel thermoplastic copolyesters

Takeover of Rogers fails / Chinese hurdles end USD 5.2 bn bid

Takeover of DuPont core plastics ops complete / Limited restructuring likely / CEO hails company as new leader in engineering plastics

Pressure on POM market declines slightly / First European compounding facility at Ter Plastics in Poland

Slight growth in Q2 from continuing operations / Acquisition of Laird boosts electronics segment

2022 forecast confirmed despite Q2 earnings slowdown / Q3 orders signal lower demand / TPC ops sold to Taro Plast

VAM expansion in UK off the table / Plans for acetic acid, downstream products in US

Compounder Vamp Tech now distributing elastomers in Southern Europe and North Africa

Divestment of POM business / Sales talks to start soon

POM: Celanese declares force majeure for North and South America / Impact on European markets possible

Price hikes for various precursors in acetyl group