Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announces the expansion of its Pibiflex and Riteflex TPC (thermoplastic co-polyester) production unit at the Donegani facility in Ferrara, Italy to support the continued growth of its global engineered materials business.
Celanese continues to exhibit its leadership position in the manufacture and compounding of highly engineered materials, such as thermoplastic co-polyesters, by adding this capacity to support growth in sophisticated, functionalized polymers. The company will continue to partner with its customers to deliver innovative solutions to meet ever-increasing consumer and industrial needs and respond to the changing complexity in high-performance polymers.
Celanese recently added one more solid-state polymerization unit at the Donegani facility, which started up successfully in September 2018. Celanese expects to expand the production capacity of the unit further by adding another polymerization line to be completed in the next 15 to 18 months.
The expansion of this thermoplastic co-polyester unit further demonstrates the companys ability to respond to global customer demand using the knowledge and expertise of world-class engineering capabilities which enable these types of projects and expansions.
Thermoplastic co-polyester (TPCs) are block co-polymers that combine favorable characteristics of vulcanized rubber with the easy processability of thermoplastics for toughness, tear and flex fatigue resistance over a wide temperature range. Besides thermoplastic co-polyesters, Celanese also offers a broad range of other thermoplastic elastomers like thermoplastic vulcanizate (Forprene TPV), thermoplastic olefines (Forflex TPO), thermoplastic elastomers based on SBC (Laprene and Sofprene TPS), and thermoplastic elastomer solutions for special markets like artificial turf infill (Holo, Forgrin, Terra XPS granules) and footwear (Sofprene TPR, Sofpur TPU) for a broad range of customer-oriented solutions, including functionalization and color.
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese’s global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2018 net sales of $7.2 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.
This release may contain forward-looking statements, which include information concerning the companys plans, objectives, goals, strategies, future revenues or performance, capital expenditures and other information that is not historical information. When used in this release, the words outlook, forecast, estimates, expects, anticipates, projects, plans, intends, believes, and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company or its customers will realize these benefits or that these expectations will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release, including with respect to the acquisition. Numerous factors, many of which are beyond the companys control, could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed in the companys filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.
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