Celanese leverages its commodity acetic acid production through higher-value chemical derivatives.
Celanese announced it has abandoned plans to spin off its acetate tow business into a joint venture with Blackstone's Rhodia Acetow subsidiary because the proposed transaction was unable to gain regulatory approval. We're increasing our fair value estimate for Celanese to $68 per share from $67 as the time value of money is partially offset by the elimination of deal-related synergies.As we noted when the deal was announced in June 2017, Celanese and Rhodia are two of the four largest acetate t...
Celanese is a holding company. Through its subsidiaries, the company is a chemical and specialty materials company. The company is a producer of engineered polymers and a producer of acetyl products, which are intermediate chemicals. The company's segments are: Engineered Materials, which develops, produces and supplies a portfolio of specialty polymers for automotive and medical applications, as well as industrial products and consumer electronics; Acetate Tow, which is a producer and supplier of acetate tow and acetate flake, primarily used in filter products applications; and Acetyl Chain, which includes the chain of intermediate chemistry, emulsion polymers and ethylene vinyl acetate polymers businesses.
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