Articles from Celanese Corporation

Celanese Corporation (NYSECE) today announced that it received notice of an unsolicited “mini-tender” offer by TRC Capital Investment Corporation (“TRC Capital”) to purchase up to 1,500,000 shares of Celanese’s common stock at an offer price of $65.50 per share in cash, which is approximately 4.49 percent lower than the $68.58 per share closing price of Celanese’s common stock on December 13, 2024, the last trading day before the commencement of TRC Capital’s mini-tender offer.

Cloverdale Paint has announced a partnership with Celanese Corporation, a global specialty materials and chemical company, that will leverage its carbon capture and utilization (CCU) technology to provide Cloverdale Paint with new to market sustainable paint solutions.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that Christopher Kuehn has been elected to the company’s Board of Directors. Mr. Kuehn, 52, is the Executive Vice President and Chief Financial Officer of Trane Technologies plc, a global climate innovator. He will join the Celanese Board effective January 1, 2025, bringing the total number of Board members to 12 (11 of whom are independent).

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that Scott Richardson, currently Celanese’s Chief Operating Officer, has been appointed Chief Executive Officer and will join the Company’s Board of Directors, effective January 1, 2025. Richardson will succeed Lori Ryerkerk, who is stepping down as Chairman, CEO and director of Celanese at the end of the year. Celanese has elected Edward Galante, an independent director on Celanese’s Board since 2013, as Chair of the Board, effective upon Ryerkerk’s departure.

Henkel Corporation, a global leader for adhesives, sealants and functional coatings, and Celanese Corporation, a global chemical and specialty materials company, have announced a partnership to enhance circularity in emulsion production by utilizing carbon capture-based materials.

Celanese Corporation announced the publication of its 2023-2024 Sustainability Report, The Chemistry of Change, and its complementary 2023-2024 Sustainability Index. This year’s report underscores the company’s expansion of its lower-carbon footprint solutions that support evolving customer needs, commitment to driving innovation across its businesses and supply chains, and efforts to build on its emissions tracking and reporting capabilities. The associated index provides a comprehensive view of resources and disclosures, including alignment with sustainability frameworks, policies, practices, and metrics.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today reported third quarter 2024 U.S. GAAP diluted earnings per share of $1.08 and adjusted earnings per share of $2.44. The Company generated net sales of $2.6 billion in the quarter, down slightly from the previous quarter inclusive of neutral sequential volume, a slight sequential increase in currency, and a sequential decrease in pricing of 1 percent.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable November 13, 2024.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its third quarter 2024 results on Tuesday, November 5, 2024, beginning at 11:00 a.m. ET.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that Bruce Chinn has been elected to the company’s Board of Directors. Mr. Chinn, 67, served as President, Chief Executive Officer and a Director of Chevron Phillips Chemical Company LLC, a global petrochemical joint venture of Chevron U.S.A Inc. and Phillips 66 Company, until March 2024. He will join the Celanese Board effective September 15, 2024, bringing the total number of Board members to eleven (ten of which are independent).

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today confirmed that the force majeure declared for acetic acid and vinyl acetate monomer (VAM) sold in the Western Hemisphere has ended and the underlying supply chain conditions behind the declaration have stabilized.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today reported second quarter 2024 U.S. GAAP diluted earnings per share of $1.42 and adjusted earnings per share of $2.38. The Company generated net sales of $2.7 billion in the quarter, an increase of 2 percent from the prior quarter, reflecting a sequential increase in volume of 4 percent and sequential decrease in pricing of 2 percent.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable August 12, 2024.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its second quarter 2024 results on Friday, August 2, 2024, beginning at 11:00 a.m. ET.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today confirmed a declaration of force majeure and sales control for acetic acid and vinyl acetate monomer (VAM) sold in the Western Hemisphere. This comes as a result of intensifying force majeure conditions and operational failures experienced by multiple suppliers of critical raw materials essential to Celanese’s production of these products. Production challenges caused by these raw material supply disruptions, as well as other operational issues in its Acetyl Chain U.S. gulf coast network, are being assessed and actions are being taken to offset production losses.

Celanese Corporation, a global specialty materials and chemical company, today announced it has received the American Chemistry Council’s (ACC) 2024 Sustainability Leadership Award, which recognizes exemplary products, technologies and initiatives that help advance sustainability.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today reported first quarter 2024 U.S. GAAP diluted earnings per share of $1.10 and adjusted earnings per share of $2.08. The Company generated net sales of $2.6 billion in the quarter, an increase of 2 percent from the prior quarter, reflecting a sequential increase in volume of 2 percent and neutral pricing. Celanese continued to execute against controllable actions in a demand environment that is stabilizing but has not yet returned to normalized levels. As a result, the Company largely offset the sequential impacts of first quarter seasonality as well as significantly higher expenses associated with the completion of planned turnarounds. Celanese reported first quarter operating profit of $210 million, adjusted EBIT of $407 million, and operating EBITDA of $583 million at margins of 8, 16, and 22 percent, respectively.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, today announced Kim K.W. Rucker as its new lead independent director effective April 18, 2024. Ms. Rucker, former Executive Vice President, General Counsel and Corporate Secretary for Andeavor (formerly Tesoro Corp.) and experienced corporate director, has been a member of the Celanese Board of Directors since 2018. She succeeds William M. “Bill” Brown who, as previously announced, decided not to seek re-election to the Board in conjunction with his appointment as the new Chief Executive Officer of 3M Corporation.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its first quarter 2024 results on Thursday, May 9, 2024, beginning at 11:00 a.m. ET.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable May 13, 2024.

Celanese Corporation (NYSECE) and Chemical Marketing & Economics, Inc. (CME) today announced that Lori J. Ryerkerk, chairman, chief executive officer and president of Celanese, will be the recipient of the CME STEM Leadership Award™ for Corporate Reinvention. Ms. Ryerkerk will be honored at a reception and gala event on December 10, 2024, in New York City.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, today announced several strategic milestones at its Clear Lake, Texas, and Nanjing, China, plants to enhance the competitive cost position, sustainable footprint and operational flexibility of the Acetyl Chain (AC) business and allow it to meet future demand growth. These include:

As part of its Fairway Methanol joint venture with Mitsui & Co., Ltd., Celanese Corporation (NYSECE), a global specialty materials and chemical company, today announced that the International Sustainability and Carbon Certification (ISCC) has certified its Low Carbon CCU (carbon capture and utilization) Methanol under the ISCC Carbon Footprint Certification (CFC) system. The newly certified Low Carbon CCU Methanol demonstrates a greater than 70% reduction in carbon footprint relative to a global average benchmark for fossil-based methanol production, as included in EU legislation.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, and Secarna Pharmaceuticals GmbH & Co. KG, a leading independent European antisense drug discovery and development company, today announced a research collaboration for the development of long-acting implants that deliver antisense oligonucleotides (ASOs).

Celanese Corporation (NYSECE), a global specialty materials and chemical company, announced the launch of iDose® TR by Glaukos Corporation using Celanese’s VitalDose® EVA to provide sustained drug release for the treatment of glaucoma.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that Timothy Go has been elected to the company’s Board of Directors. Mr. Go, 57, is President, Chief Executive Officer, and a member of the Board of Directors of HF Sinclair Corporation. He will begin his Board service effective immediately, bringing the total number of Board members to twelve (eleven of which are independent).

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today reported full year 2023 GAAP diluted earnings per share of $18.00 and adjusted earnings per share of $8.92. The Company generated net sales of $10.9 billion in 2023, an increase of 13 percent from the prior year, due to an increase in volume of 23 percent reflecting the Mobility & Materials (M&M) acquisition, partially offset by a decrease in price of 10 percent. Full year 2023 volume decreased by 2 percent, excluding M&M, due to challenging demand and competitive dynamics across most of the year. Celanese took actions to reduce costs and align production and inventory levels with demand to report 2023 consolidated operating profit of $1.7 billion, adjusted EBIT of $1.8 billion, and operating EBITDA of $2.4 billion, at margins of 15, 16, and 22 percent, respectively.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, announced it has been approved by the U.S. Department of Energy (DOE)’s Office of Fossil Energy and Carbon Management as a Utilization Procurement Grants (UPGrants) vendor. Celanese is now the only producer offering low-carbon acetic acid under the ECO-CC product name, which positions the company to help municipalities meet the growing demand for more sustainable and circular solutions.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable March 5, 2024.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, and Under Armour, Inc. (NYSE: UA, UAA), a global leader and innovator in athletic apparel and footwear, have collaborated to develop a new fiber for performance stretch fabrics called NEOLAST™. The innovative material will offer the apparel industry a high-performing alternative to elastane – an elastic fiber that gives apparel stretch, commonly called spandex. This new alternative could unlock the potential for end users to recycle performance stretch fabrics, a legacy aspect that has yet to be solved in the pursuit of circular manufacturing with respect to stretch fabrics.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its fourth quarter 2023 results on Wednesday, February 21, 2024, beginning at 10:00 a.m. ET.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, announced it has begun running a carbon capture and utilization (CCU) project at its Clear Lake, Texas, site as part of its Fairway Methanol joint venture with Mitsui & Co., Ltd. The project is expected to capture 180,000 metric tons of CO2 industrial emissions and produce 130,000 metric tons of low-carbon methanol per year.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today reported third quarter 2023 GAAP diluted earnings per share of $8.70 and adjusted earnings per share of $2.50. The Company generated net sales of $2.7 billion in the quarter, a decrease of 3 percent from the prior quarter, reflecting a sequential decrease in pricing of 3 percent partially offset by a sequential increase in volume of 1 percent. Celanese reported third quarter consolidated operating profit of $842 million, adjusted EBIT of $451 million, and operating EBITDA of $624 million, at margins of 31, 17, and 23 percent, respectively. The Company has delivered sequential increases in these profitability metrics across each of the last three quarters.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced a series of new leadership appointments across its Executive Leadership Team (ELT).

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that Ganesh Moorthy has been elected to the company’s Board of Directors. Mr. Moorthy, 63, is President, Chief Executive Officer, and a member of the Board of Directors of Microchip Technology Incorporated. He will join the Celanese Board effective December 1, 2023, bringing the total number of Board members to eleven (ten of which are independent).

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable November 13, 2023.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its third quarter 2023 results on Tuesday, November 7, 2023, beginning at 10:00 a.m. ET.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that its previously announced formation of Nutrinova, a Food Ingredients joint venture (JV) with Mitsui & Co., Ltd., is complete. Celanese contributed the assets, technology and employees of its Food Ingredients business while retaining a 30 percent stake in the JV. Mitsui acquired the remaining 70 percent stake at a purchase price of $472.5 million, representing an enterprise valuation of approximately 15 times 2022 EBITDA.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, today announced that it has entered into an agreement with the Population Council to supply its VitalDose® Drug Delivery Platform for use in a new Multipurpose Prevention Technology (MPT) Intravaginal Ring (IVR). The IVR is being developed to provide both contraception and protection against HIV and is currently in a phase 1b clinical trial.

Celanese Corporation (NYSECE) (“Celanese”), a global chemical and specialty materials company, today announced the pricing terms for the previously announced cash tender offer (the “Tender Offer”) by its direct wholly-owned subsidiary Celanese US Holdings LLC (the “Company”) to purchase the outstanding notes (collectively, the “Notes” and each a “Series” of Notes) listed in the table below.

Celanese Corporation (NYSECE) (“Celanese”), a global chemical and specialty materials company, today announced the early results of the previously announced tender offer (the “Tender Offer”) by its direct wholly-owned subsidiary Celanese US Holdings LLC (the “Company”), to purchase the outstanding notes listed in the table below (collectively, the “Notes” and each a “Series” of Notes). Additionally, the Company announced the increase of the Maximum Aggregate Purchase Price from $1.75 billion to an amount sufficient to accept up to $2.25 billion aggregate principal amount of the Notes (the “Maximum Aggregate Purchase Price”). The Company has also increased each Series Cap, so as to (i) accept all the Notes with Acceptance Priority Level 1 and (ii) accept up to $750 million aggregate principal amount of the Notes in Acceptance Priority Level 2, in each case, that were validly tendered and not validly withdrawn as of the Early Tender Deadline.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced a series of recent transactions to extend its debt maturity profile and lower the total effective net borrowing rate to the Company.

Celanese Corporation (NYSECE) (“Celanese”), a global chemical and specialty materials company, today announced that its direct wholly-owned subsidiary Celanese US Holdings LLC (the “Company”) has commenced a cash tender offer (the “Tender Offer”) to purchase the outstanding notes listed in the table below (collectively, the “Notes” and each a “Series” of Notes) having an aggregate purchase price (excluding accrued interest) of up to $1.75 billion (the “Maximum Aggregate Purchase Price”), in the order of priority, and subject to the Series Cap shown in the table below.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today reported second quarter 2023 GAAP diluted earnings per share of $2.00 and adjusted earnings per share of $2.17. The Company generated net sales of $2.8 billion in the quarter, a decrease of 2 percent from the prior quarter, reflecting a sequential decrease in pricing of 4 percent partially offset by a sequential increase in volume of 2 percent. The Company reported second quarter consolidated operating profit of $335 million, adjusted EBIT of $444 million, and operating EBITDA of $616 million, sequential increases of 33, 5, and 3 percent, respectively.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable August 14, 2023.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its second quarter 2023 results on Tuesday, August 8, 2023, beginning at 10:00 a.m. ET.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, today announced it has won the 2023 Manufacturing Leadership Award for its outstanding achievement in the Digital Network Connectivity category. The award, which was announced by both the Manufacturing Leadership Council and the National Association of Manufacturers, recognizes the company’s efforts to deploy a private 5G network at the company’s Clear Lake, Texas facility to enable its global strategic initiative of creating the digital plant of the future.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, and Mitsui & Co., Ltd. today announced the signing of a definitive agreement to form a Food Ingredients joint venture under the name Nutrinova. Celanese will contribute the assets, technology and employees of its Food Ingredients business while retaining a 30 percent stake in the joint venture. Mitsui will acquire the remaining 70 percent stake at a purchase price of $472.5 million, representing an enterprise valuation of approximately 15 times 2022 EBITDA. The parties expect to close the transaction in the second half of 2023, pending regulatory approvals.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, announced price increases for Vamac® AEM by 2 EUR/kg in the EMEA region and by 2.2 USD/kg in Asia Pacific and the Americas. These price increases will be effective on June 1, 2023, or as contracts otherwise allow. Additionally, individual grades may be subject to higher increases than specified above.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today reported first quarter 2023 GAAP diluted earnings per share of $0.86 and adjusted earnings per share of $2.01. The Company generated net sales of $2.9 billion in the quarter, an increase of 22 percent over the prior quarter. Net sales reflected a sequential volume increase of 19 percent over the prior quarter that was partially offset by a pricing decrease of 4 percent. Volume increased due to an additional month of sales from the Mobility & Materials (M&M) acquisition as well as demand recovery in Europe and Asia as the quarter progressed. The Company exercised its commercial flexibility and global supply chain to capture improved demand and to offset the impact of sequentially lower variable margin across many products, due to moderation in input costs that was more than offset by pricing declines. As a result of sequentially higher contributions from Engineered Materials and the Acetyl Chain, the Company reported first quarter consolidated operating profit of $251 million, adjusted EBIT of $424 million, and operating EBITDA of $596 million. In the first full quarter under its ownership, Celanese delivered a significant sequential increase in the M&M earnings contribution due primarily to higher sequential volume and approximately $10 million in savings in the quarter from cost synergies.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable May 15, 2023.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its first quarter 2023 results on Wednesday, May 10, 2023, beginning at 10:00 a.m. Eastern time.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, today announced that it has entered into an agreement with Glaukos Corporation to supply its VitalDose® Drug Delivery Platform for use as a component in Glaukos’ iDose® TR, a micro-invasive intraocular implant designed to lower intraocular pressure in patients with primary open-angle glaucoma or ocular hypertension. iDose TR is designed to address patient non-adherence and chronic side effects associated with topical medications by providing 24/7, long-duration therapy. Glaukos submitted a New Drug Application to the U.S. Food and Drug Administration for iDose TR in February 2023, which has not yet been approved.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, and Alessa Therapeutics announced their collaboration for developing a new oncology drug product leveraging Alessa’s expertise on sustained localized drug delivery and the Celanese VitalDose® EVA drug delivery platform. The collaboration will focus on developing a localized and sustained-release drug delivery system for oncology patients that will limit systemic side effects and improve overall treatment.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, announced price increases for Hytrel® TPC resins by 0.45 EUR/kg in the EMEA region and by 0.5 USD/kg in Asia Pacific and the Americas. These price increases will be effective on March 15, 2023, or as contracts otherwise allow. Additionally, individual grades may be subject to higher increases than specified herein.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today reported highest-ever GAAP diluted earnings per share of $17.41 and second-highest ever adjusted earnings per share of $15.88 for full year 2022. The Company generated record net sales of $9.7 billion in the year, an increase of 13 percent over the prior record set in 2021. Full year net sales reflected increases in pricing and volume of 11 percent and 6 percent over 2021, respectively. The Company delivered year over year pricing growth and productivity across both business segments to largely offset over $1.2 billion in raw material, energy, and supply chain cost inflation over 2021. As a result, the Company reported 2022 consolidated operating profit of $1.4 billion and adjusted EBIT of $2.2 billion. During the year, the Company generated record operating cash flow of $1.8 billion and free cash flow of $1.3 billion. Celanese returned $297 million in cash to shareholders via dividends in 2022.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, announced today two joint venture (JV) actions with Mitsui & Co., Ltd. to extend their longstanding strategic partnership.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, announced today the completion of an ultra-low capital project to repurpose existing manufacturing and infrastructure assets to unlock additional ethylene vinyl acetate (EVA) capacity at its Edmonton, Alberta facility. The expansion supports significant growth in the Acetyl Chain’s downstream vinyls portfolio.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, today announced an agreement with Johns Hopkins University Department of Ophthalmology to collaborate on a study of sustained drug delivery to the suprachoroidal space in the eye.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable March 7, 2023.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, announced the availability of more sustainable versions of multiple Acetyl Chain materials with mass balance bio-content. These offerings will be designated as ECO-B, consistent with the innovative bio-based offerings introduced for Engineered Materials customers in previous years. While many Acetyl Chain solutions already help customers to improve sustainability by reducing waste and materials usage, this expanded product portfolio provides an opportunity to take an additional step with an offering that is chemically identical to the standard products.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its fourth quarter 2022 results on Friday, February 24, 2023, beginning at 10:00 a.m. Eastern time. The Company will hold its earnings call for this quarter a few weeks later than typical due to the ongoing accounting and financial reporting integration of the Mobility & Materials acquisition.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today confirmed it is lifting the remaining elements of the force majeure declared on May 11, 2022, which had still applied to acetate tow products.

Celanese Corporation (NYSECE), a global specialty materials and chemical company, will increase prices for a range of products. These price increases will be effective on December 1, 2022, or as contracts otherwise allow. Additionally, individual grades may be subject to higher increases than specified below.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today reported third quarter 2022 GAAP diluted earnings per share of $1.76 and adjusted earnings per share of $3.94. The Company generated net sales of $2.3 billion in the third quarter, a 7 percent decrease from the prior quarter due to sequential decreases in price and volume of 3 percent and 2 percent, respectively, and a 2 percent unfavorable currency impact. Celanese navigated declines in European and Asian demand, customer destocking, and continued cost inflation to deliver third quarter consolidated operating profit of $308 million and adjusted EBIT of $510 million. On November 1, 2022, the Company successfully completed the acquisition of Mobility & Materials (M&M), acquiring a broad portfolio of engineered thermoplastics and elastomers, industry-renowned brands and intellectual property, global production assets, and a world-class organization. The acquisition establishes Celanese as the preeminent global specialty materials company and is expected to drive enhanced growth and free cash flow generation.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced it has completed the acquisition of the majority of the Mobility & Materials (M&M) business of DuPont.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today confirmed that is it lifting the force majeure declared on May 11, 2022, for the following Acetyl Chain products in the Western Hemisphere:

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable on November 14, 2022 to stockholders of record as of October 31, 2022.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced the publication of its 2021-2022 Sustainability Report, Accelerating Solutions Through Chemistry, and its complementary 2021-2022 Sustainability Index. This year’s report highlights the company’s progress and investments as it drives environmental, social and governance (ESG) initiatives across its global enterprise and continues to innovate for a sustainable future. The associated index provides a comprehensive view of ESG resources and disclosures, including alignment with sustainability frameworks and ESG-related policies, practices, and metrics.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced an investment in expanded capabilities to meet high global demand for pharmaceutical-grade polymers used in the development of implants and inserts for sustained-release drug delivery. The new 1,000-square-foot cleanroom facility, located in Edmonton, Alberta, will focus on cryogenic micronization of VitalDose® EVA material into a powder form that is ready to be blended with small molecules and biologics.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its third quarter 2022 results on Friday, November 4, 2022, beginning at 10:00 a.m. Eastern time.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today announced receipt of a grant from the Bill & Melinda Gates Foundation to produce and characterize a working prototype for a refillable contraceptive implant. The research and development will be conducted within the Celanese Pharmaceutical Development and Feasibility Lab and the project is expected to produce a functional prototype that meets all established project parameters within an 18-month timeframe.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today reported GAAP diluted earnings per share of $4.03 and adjusted earnings per share of $4.99 for the second quarter of 2022. The Company generated net sales of $2.5 billion in the second quarter, a 2 percent decrease from the prior quarter and a 13 percent increase over the same quarter of 2021. Pricing increased 2 percent sequentially, the seventh consecutive quarter of pricing expansion, and partially offset a 2 percent decrease in volume and a 2 percent unfavorable currency impact. Celanese successfully mitigated continued cost inflation as well as unanticipated interruptions in raw material supply in the U.S. Gulf Coast to deliver second quarter consolidated operating profit of $483 million and adjusted EBIT of $646 million. In anticipation of the close of the DuPont M&M acquisition targeted for the fourth quarter of 2022, the Company has secured approximately $10.5 billion in permanent financing for the acquisition across a series of transactions, including two successful registered offerings of senior notes in the third quarter.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.68 per share on its common stock, payable August 8, 2022.

Celanese Corporation (NYSECE), a global chemical and specialty materials company, today priced an additional €1.5 billion in permanent financing for the acquisition of a majority of DuPont’s Mobility & Materials business (the “acquisition”).