Celanese

‘Demand shock' in automotive industry weighs heavy / Compound output reduced for 10 plants

Q2 core profit up, net losses reduce / Plastics Solutions worst performer / Slight improvement expected

Outages, lacklustre demand erode cost-cutting measures / Q2 sales contract 5.2% year-on-year / Full-year earnings forecast lowered

New large-scale project for PA 6.6 at Chinese site of Tianjin / Feedstock facilities for AND, HMD in planning stage

VAM/EVA: Celanese declares force majeure on acetylene chain / Initially little impact expected on European market

China initiates anti-dumping investigation into imports from Europe, US, and Asia

“The Green Deal needs a business model” / Chemical segment fears for its competitiveness against global competition

EVA: Celanese VAM plant outage in China / Prices in Europe likely to be impacted

Polyamide producer hikes HMD prices again

Lights out for former DuPont compounding plant in Belgium / Financial results only boosted by acquisition

Hikes for PA 6.6 on the horizon / Imported goods significantly more expensive

Onset of winter cripples plants in Texas, Louisiana / Exports to Europe only affected to a small extent

Distributor offers Celanese PA 6.6 in parts of Europe

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