Celanese Opens Integrated Chemical Complex in Nanjing; Marks Significant Milestones of Company's Presence in Asia.Events in Singapore and China Underscore Commitment to Growth in Region DALLAS -- Celanese Corporation (NYSE NYSE See: New York Stock Exchange : CE), a global hybrid chemical company, this week celebrated significant events in Asia, marking the company's historical presence in China and Singapore, as well as its commitment to growth in the region. Early in the week, Celanese executives joined local officials, customers, suppliers and employees to celebrate the tenth anniversary of its Singapore operations, where Celanese manufactures acetyl acetyl /ac·e·tyl/ (as´e-til) (as´e-tel?) (ah-se´til) the monovalent radical CH3COsbond, a combining form of acetic acid. a·ce·tyl n. products such as acetic acid acetic acid (əsē`tĭk), CH3CO2H, colorless liquid that has a characteristic pungent odor, boils at 118°C;, and is miscible with water in all proportions; it is a weak organic carboxylic acid (see carboxyl group). and vinyl acetate Vinyl acetate, also known as VAM for vinyl acetate monomer, has the chemical formula CH3COOCH=CH2 and is a colorless liquid with a sweet flavor. Systematic names include 1-acetoxyethylene and acetic acid ethenyl ester. monomer monomer (mŏn`əmər): see polymer. monomer Molecule of any of a class of mostly organic compounds that can react with other molecules of the same or other compounds to form very large molecules (polymers). for the broader Asia region. The world-class facility represents the core of the company's chemical manufacturing start in Asia and will continue to be a strategic resource for future growth. "As we look to the future, Celanese sees growth in Asia as a central component of our overall strategy to add value to our company," said John Gallagher John Gallagher may be:
Also during the week, the company celebrated its 20-year-old acetate joint venture at Nantong Cellulose Fibers Company. The joint venture has grown to include other manufacturing sites in Kunming, Zhuhai and Bazhou. As the first Celanese entry into the China market, the joint venture represents the significant and successful foundation for the company's current and future expansion in China. On Wednesday, September 19, Celanese formally inaugurated its integrated chemical complex in Nanjing, China, with ceremonies at the complex that included company executives, employees, Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
Celanese's complex, located at the Nanjing Chemical Industrial Park, brings world-class scale to one site for the production of acetic acid, vinyl acetate monomer, acetic anhydride, emulsions, Celstran[R] long fiber-reinforced thermoplastic A polymer material that turns to liquid when heated and becomes solid when cooled. There are more than 40 types of thermoplastics, including acrylic, polypropylene, polycarbonate and polyethylene. (LFRT LFRT Long Fiber Reinforced Thermoplastic (materials) ) and GUR Gur (gûr), in the Bible, ascent near Ibleam. [R] ultra-high molecular weight polyethylene (UHMW-PE UHMW-PE Ultra High Molecular Weight Polyethylene ). "The chemical complex in Nanjing, our largest integrated chemical complex in the world, underscores our long-term commitment to investing in the Asia market and China in particular," said David Weidman, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "China is a very important market for Celanese. It is a key link in our global business strategy and a significant contributor to our growth and development. Over the next several years, we expect to derive about 30 percent of revenue and 50 percent of total company profitability from Asia." About the Nanjing Integrated Chemical Complex The Nanjing complex will further enhance Celanese's capabilities to better meet the growing needs of its customers in a number of industries across Asia. The acetic acid facility has been running at full production rates since June 2007 and production of vinyl acetate emulsions is set to commence in October. Operations for the four other plants will begin throughout 2008. "We are very excited to bring our latest technology and international best practices to this complex, which will enable our new plants to enjoy low energy requirements as well as low environmental impact," Weidman said. "We will implement the same global high standards for environment, health and safety (EHS EHS Environmental Health and Safety EHS Early Head Start (pre-school program) EHS Extremely Hazardous Substance (EPA) EHS Environmental Health Services EHS Exchange Hosted Services ) here as we do in other parts of the world. We are pleased to contribute to the sustainable development of China." The acetic acid plant in Nanjing uses world-leading technology and is the largest train manufacturing unit of acetic acid in China, with annual capacity of 600,000 metric tons - which can be upgraded to 1,200,000 metric tons if market demand continues to grow. The emulsions plant features a state-of-the-art pressure reactor to make vinyl acetate ethylene (VAE n. 1. See Voe. ) emulsions as well as a conventional reactor for the production of homo- and co-polymers of vinyl acetate and acrylic emulsions. The products will be integral in the manufacture of high-performance adhesives, high-tech glass fiber and cutting-edge low VOC (Vertical Online Community) See vertical portal. / low odor paint. This new plant in Nanjing is the tenth emulsions facility in the Celanese global network. As a global leader in the chemicals industry, Celanese Corporation makes products essential to everyday living. Our products, found in consumer and industrial applications, are manufactured in North America, Europe and Asia. 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 totaled $6.7 billion in 2006, with approximately 60% generated outside of North America. Known for operational excellence and execution of its business strategies, Celanese delivers value to customers around the globe with innovations and best- in-class technologies. Based in Dallas, Texas, the company employs approximately 8,900 employees worldwide. For more information on Celanese Corporation, please visit the company's website at www.celanese.com. Forward-Looking Statements This release may contain "forward-looking statements," which include information concerning the company's plans, objectives, goals, strategies, future revenues or performance, capital expenditures, financing needs and other information that is not historical information. When used in this release, the words "outlook," "forecast," "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond the company's control, could cause actual results to differ materially from those expressed as forward-looking statements. Certain of these risk factors are discussed in the company's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. |
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