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HOECHST CELANESE REPORTS THIRD-QUARTER NET EARNINGS

 SOMERVILLE, N.J., Nov. 4 /PRNewswire/ -- Hoechst Celanese today reported third-quarter net earnings of $6 million compared to $4 million in the same quarter last year. Operating income increased 26 percent to $54 million over the same period last year.
 Sales were $1.6 billion, decreasing 1 percent from the comparable period last year.
 "Volumes remained strong for advanced materials and bulk chemicals," said Dr. Ernest H. Drew, president and chief executive officer. "However, we continue to experience pricing pressure in the bulk chemicals, technical fibers and some specialty chemicals markets."
 In Fibers and Film, Technical Fibers' sales were lower this quarter compared to the same period last year due to decreased export sales prices and volumes as adverse economic conditions abroad curtailed demand.
 Textile Fibers' sales remained stable compared to the same period last year as acetate filament's continuing growth in the fashion industry offset lower volumes in polyester filament and staple.
 Sales for Polyester Resins and Films increased over those of the same period last year in all product lines except films, which was affected by pricing pressure and market softness.
 Chemicals' sales rose slightly compared to the same period last year as increased volumes in acrylates and vinyl acetate/acetyl products slightly offset depressed prices.
 Sales for the Specialties and Advanced Materials segment declined slightly from those of the same period last year.
 Specialty Chemicals' sales declined this quarter compared to the same quarter last year due to lower selling prices for fine chemicals and printing products and lower volumes for surfactants, resins, printing products and superabsorbent polymers.
 Advanced Materials' sales continued to be higher this quarter compared to the same period last year as domestic sales volumes increased for both high-performance polymers and engineering thermoplastics due to strong demand in consumer electronics and improving economic conditions in other end-use markets.
 Life Sciences' sales volumes increased over those of the same period last year due to higher demand for pharmaceuticals and increased sales for crop-protection products.
 Hoechst Celanese Corporation is a Fortune 100 company with 1992 sales of $7 billion. It is a wholly owned subsidiary of Hoechst AG of Germany, with leading positions in fibers, chemicals, advanced materials and technologies and the life sciences.
 HOECHST CELANESE CORPORATION
 Net Sales By Segment
 (In millions $)
 Pct.
 Three Months Ended 1993 1993
 September 30 Ov/(Un) Ov/(Un)
 1993 1992 1992 1992
 Fibers and Film $758 $845 $(87) (10)
 Chemicals 428 426 2 0
 Specialties and
 Advanced Materials 367 372 (5) (1)
 Life Sciences 150 96 54 56
 Corporate/Intersegment
 Eliminations (54) (73) 19 (--)
 Net Sales $1,649 $1,666 $(17) (1)
 Net Earnings $ 6 $ 4(A) $ 2 50
 Pct.
 Nine Months Ended 1993 1993
 September 30 Ov/(Un) Ov/(Un)
 1993 1992 1992 1992
 Fibers and Film $2,229 $2,344 $(115) (5)
 Chemicals 1,277 1,296 (19) (1)
 Specialties and
 Advanced Materials 1,095 1,115 (20) (2)
 Life Sciences 347 401 (54) (13)
 Corporate/Intersegment
 Eliminations (157) (143) (14) --
 Net Sales $4,791 $5,013 $(222) (4)
 Earnings before
 cumulative effect of
 change in accounting
 principle $63 $74(A) $(11) (15)
 Cumulative effect of
 change in accounting
 principle, net of tax (31)(B) (141)(C) -- --
 Net Earnings $32 $(67)(A) 99 --
 Footnotes:
 (A) -- 1992 earnings were restated to reflect the effect of the Statement of Financial Accounting Standards No. 106, "Accounting for Postretirement Benefits Other Than Pensions."
 (B) -- A non-cash, cumulative, after-tax charge resulting from the adoption of Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes," effective Jan. 1, 1993.
 (C) -- A non-cash, cumulative, after-tax charge resulting from the adoption of the Statement of Financial Accounting Standards No. 106, "Accounting for Postretirement Benefits Other Than Pensions," effective Jan. 1, 1992.
 1992 figures are restated to conform with 1993 presentation.
 -0- 11/4/93
 /CONTACT: Andrea Stine of Hoechst Celanese, 908-231-3752/


CO: Hoechst Celanese Corporation ST: New Jersey IN: CHM SU: ERN

CK -- NY113 -- 0934 11/04/93 16:32 EST
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Date:Nov 4, 1993
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