Celanese Corporation (NYSE: CE), a global, hybrid chemical company, today announced that Frankfurt-Hoechst Industrial Park has been selected as the new site for Ticona’s Kelsterbach production operations in Germany.
In November 2006, Celanese and Ticona, the engineered materials business of Celanese, along with Fraport, the operator of the Frankfurt airport, agreed that Ticona’s Kelsterbach chemical plant would relocate by mid-2011 in order to make room for an airport expansion.
Over the past several months, Ticona has engaged in an extensive screening process of potential sites for relocation of chemical production facilities.
“The Frankfurt-Hoechst Industrial Park site meets our key criteria for selection and will ensure Ticona’s future business success,” said Sandra Beach Lin, president, Ticona. “Over the next four years, we will construct the world’s largest, state-of-the-art polyacetal plant with an increased capacity relative to our current Kelsterbach facility. This plant will enable us to better serve our customers’ increasing demand in the future,” Lin said.
As a global leader in the chemicals industry, Celanese Corporation makes products essential to everyday living. Our products, found in consumer and industrial applications, are manufactured in North America, Europe and Asia. Net sales totaled $6.7 billion in 2006, with approximately 60% generated outside of North America. Known for operational excellence and execution of its business strategies, Celanese delivers value to customers around the globe with innovations and best- in-class technologies. Based in Dallas, Texas, the company employs approximately 8,900 employees worldwide. For more information on Celanese Corporation, please visit the company's website at www.celanese.com.
Forward-Looking Statements
This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures, financing needs 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 will realize these expectations or that these beliefs 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. Numerous factors, many of which are beyond the company’s control, could cause actual results to differ materially from those expressed as forward-looking statements.Certain of these risk factors are discussed in the company’s 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.
Contacts:
Investor Relations
Mark Oberle, +1
972-443-4464
Telefax: +1 972-332-9373
Mark.Oberle@celanese.com
or
Media
Jeremy
Neuhart, +1 972-443-3750
Telefax: +1 972-443-8519
Jeremy.Neuhart@celanese.com
