Celanese leverages its commodity acetic acid production through higher-value chemical derivatives.
Celanese reported third-quarter earnings that were in line with our expectations. Operating earnings grew 8.5% year on year during the quarter to $423 million, despite over $30 million in lost income and clean-up-related expenses due to the impact of Hurricane Harvey. The company also announced plans to increase capacity in its advanced engineered materials business. The capacity increases are expected to begin coming online in 2018. The associated higher volumes should benefit from Celanese’s c...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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