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HOECHST CELANESE REPORTS RESULTS

 HOECHST CELANESE REPORTS RESULTS
 SOMERVILLE, N.J., May 5 /PRNewswire/ -- Hoechst Celanese Corporation


today reported first-quarter net earnings of $26 million on net sales of $1.5 billion. Sales were essentially the same as the first quarter of 1991 while earnings declined 19 percent.
 Dr. Ernest H. Drew, Hoechst Celanese president and chief executive Officer, said, "While the improving economy benefited our businesses that had been impacted by the recession last year, the Life Sciences and Chemicals segments experienced declines. The key factors were lower sales prices in commodity chemicals and lower demand following record sales for pharmaceuticals in December last year. We expect to see our earnings improve as the economy continues to strengthen through the year."
 In the Fibers and Film segment, Technical Fibers' tire cord sales and earnings improved from the prior year's first quarter, reflecting stronger demand in the automotive sector. Filter products volumes declined somewhat as a result of inventory adjustments and hard currency availability in overseas markets. Volumes are expected to increase throughout the remainder of the year.
 In Textile Fibers, volumes increased in most product lines over those of the same quarter last year due to the improved economy. Polyester and acetate filament and Trevira spunbond continue to operate at capacity.
 Film and Fiber Intermediates experienced strong sales volume gains in the polyester intermediates and polyester resins product lines.
 Chemicals' sales decreased due to lower sales prices, which resulted in margin erosion. Volume improvements in solvents and formaldehyde offset declines in ethylene oxide/glycol.
 In Specialty Chemicals, sales volumes increased across all business units, especially in dyes, pigments and fine chemicals.
 Advanced Materials' sales volumes improved from the comparable 1991 levels as sales to the automotive, electrical/electronics, appliance/furniture and other industries strengthened. The unit announced in the first quarter that Hoechst Celanese and Kureha Chemical Industry Ltd. of Japan will construct a 3,600-metric-ton Fortron polyphenylene sulfide (PPS) polymer plant facility near Wilmington, N.C.
 Life Sciences' sales were lower this quarter compared to those of the same quarter last year due to weaker demand following record orders for products of Hoechst-Roussel Pharmaceuticals Inc. in December 1991. Partially offsetting the lower sales of Hoechst-Roussel were stronger sales in the animal-health and crop-protection businesses.
 Hoechst Celanese is a wholly owned subsidiary of Hoechst AG of Germany with leading positions in chemicals, fibers, advanced materials and technologies and the life sciences.
 HOECHST CELANESE CORPORATION
 NET SALES BY SEGMENT
 (In millions $)
 Three Months Ended 1992 %1992
 March 31 Ov/(Un) Ov/(Un)
 1992 1991 1991 1991
 Fibers & Film $689 $676 $13 2
 Chemicals 413 470 (57) (12)
 Specialties &
 Advanced Materials 345 308 37 12
 Life Sciences 97 108 (11) (10)
 Corporate/Intersegment
 Eliminations (39) (50) 11 22
 Net Sales $1,505 $1,512 $(7) --
 Net Earnings $26 $32 $(6) (19)
 -0- 5/5/92
 /CONTACT: Andrea Stine of Hoechst Celanese, 908-231-3752/ CO: Hoechst Celanese Corporation ST: New Jersey IN: CHM SU: ERN


PS -- NY061 -- 6538 05/05/92 11:52 EDT
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Date:May 5, 1992
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