Celanese Corporation Added to Russell 1000 Index.DALLAS -- Celanese Corporation (NYSE NYSE See: New York Stock Exchange :CE), a leading global chemical company, has been added to the Russell 1000(R) Index, consisting of the 1,000 largest U.S. companies based on market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . Celanese was one of four recent initial public offerings that were added to the index after the market close on March 31. Celanese also became a part of the broad market Russell 3000(R) Index, made up of the 3,000 largest publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. in the United States. Celanese Corporation (NYSE:CE) is an integrated global producer of value-added industrial chemicals based in Dallas. The Company is the #1 or #2 producer of products comprising the majority of its sales and has four major businesses: Chemicals Products, Technical Polymers Ticona, Acetate Products and Performance Products. Celanese has 29 production plants, with major operations in North America, Europe and Asia. In 2004, Celanese Corporation and its predecessor had combined net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $5.1 billion. The presentation of combined net sales of Celanese Corporation with its predecessor is not in accordance with U.S. GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). . For more information on Celanese Corporation including a reconciliation of the combined net sales, please visit the company's web site at www.celanese.com. |
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