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HOECHST CELANESE REPORTS RESULTS

 HOECHST CELANESE REPORTS RESULTS
 SOMERVILLE, N.J., Aug. 6 /PRNewswire/ -- Hoechst Celanese


Corporation today reported that second-quarter net earnings increased by 6 percent to $50 million this year compared to $47 million for the same quarter last year. Sales for the second quarter were $1.8 billion, an increase of 7 percent from $1.7 billion the same quarter last year. The $50 million in second-quarter earnings reflects an $11 million pre-tax restructuring charge for the high-denier technical filament operation in Millhaven, Ontario.
 Ernest H. Drew, Hoechst Celanese president and chief executive officer, said, "Many of our businesses, especially in the pharmaceutical, agricultural chemicals and fibers areas, showed significant improvement over the first quarter of this year. Although volumes for most of our businesses are stronger this year than last year, prices have been adversely affected, especially in the commodity chemicals business, as a result of the weak worldwide economy."
 In the Fibers and Film segment, Technical Fibers' filter products sales volumes increased due to demand in the domestic market. Sales for tire cord and high-tenacity fabrics continued to grow into the second quarter due to demand from the automotive industry.
 In Textile Fibers, volumes increased in polyester staple. Polyester and acetate filament and Trevira Spunbond geotextile and roofing fabrics continued to operate at capacity.
 Film and Fiber Intermediates experienced increased sales this quarter over those of the same quarter last year reflecting strong demand for polyester intermediates and packaging and fiber resins.
 In the Chemicals segment, prices for most product lines remained depressed, but volumes continued to strengthen versus last year, particularly for formaldehyde, formaldehyde derivatives and vinyl acetate monomer.
 In Specialty Chemicals, sales volumes were strong for dyes, pigments, superabsorbent materials and paper chemicals.
 Advanced Materials' sales volumes continued to improve as compared to the prior quarter and the second quarter of last year with increases across a broad range of end-use markets.
 Life Sciences' sales increased this quarter as compared to the same period last year due to the strong performance of pharmaceuticals and new product introductions in the crop-protection and animal-health areas. Hoechst-Roussel Pharmaceuticals announced this quarter that it has formed a new division to develop and market dermatology products.
 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
 (Dollars in millions)
 Three Months Ended 1992 Pct. 1992
 June 30 Ov/(Un) Ov/(Un)
 1992 1991 1991 1991
 Fibers & Film $ 810 $ 730 $ 80 11
 Chemicals 457 484 (27) (6)
 Specialties &
 Advanced Materials 398 360 38 11
 Life Sciences 208 167 41 25
 Corporate/Intersegment
 Eliminations (31) (20) (11) 55
 Net Sales $1,842 $1,721 $121 7
 Net Earnings $ 50 $ 47 $ 3 6
 Six Months Ended 1992 Pct. 1992
 June 30 Ov/(Un) Ov/(Un)
 1992 1991 1991 1991
 Fibers & Film $1,499 $1,406 $ 93 7
 Chemicals 870 954 (84) (9)
 Specialties &
 Advanced Materials 743 668 75 11
 Life Sciences 305 275 30 11
 Corporate/Intersegment
 Eliminations (70) (70) -- --
 Net Sales $3,347 $3,233 $114 4
 Net Earnings $ 76 $ 79 $ (3) (4)
 -0- 8/6/92
 /CONTACT: Andrea Stine of Hoechst Celanese, 908-231-3752/ CO: Hoechst Celanese Corporation ST: New Jersey IN: CHM SU: ERN


GK -- NY073 -- 7639 08/06/92 13:21 EDT
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Date:Aug 6, 1992
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