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Celanese Corporation (NYSE: CE), a leading, global chemical company, today announced it is expanding its vinyl acetate/ethylene (VAE) manufacturing facility at its Nanjing, China, integrated chemical complex. The investment will support continued growth plans for the Celanese Emulsion Polymers business throughout Asia, including China, India and Southeast Asia and Australia. The expanded facility will double the company's VAE capacity in the region and is expected to be operational the first half of 2011.
"This expansion anticipates continuing strong growth for high performing VAE emulsions in the region," said Doug Madden, Celanese corporate executive vice president. "Celanese is committed to growth within China and across Asia, and this expansion is a solid example of our ongoing investment in the region. We recognize the importance of planning for the future growth of our Emulsions business and are preparing for growth by building upon our past success at our Nanjing facility."
The emulsions expansion is the latest in a number of investments by Celanese in China. Nanjing is currently the largest integrated site in the Celanese global manufacturing network with six production units including acetic acid and vinyl acetate monomer (VAM), several units from Celanese's Ticona business and the existing emulsions plant.
"Since our first manufacturing activities in China just over three years ago, Celanese Emulsion Polymers has grown into a thriving organization in China and is presently expanding across Asia, into India and surrounding countries, Southeast Asia, and Australia," said Phil McDivitt, general manager, Celanese Emulsion Polymers. "As a global leader in vinyl-based chemistries, Celanese Emulsion Polymers brings innovation to our customers and we will continue to introduce cutting-edge products such as our EcoVAE(R) emulsions," said McDivitt.
EcoVAE(R) emulsions, introduced in 2008, are high-performing binders used in low odor, low VOC, environmentally-friendly paints and coatings. In addition, the emulsions expansion will support many industries including adhesives, waterproofing, building and construction.
The new VAE emulsions plant will yield manufacturing and supply chain synergies with the company's current facilities that manufacture vinyl-based homo- and copolymers, pure acrylic and VAE emulsions. The expanded facility will be built utilizing best-in-class technologies drawn from the company's global manufacturing footprint including Europe and the Americas.
About the Emulsion Polymers Business of Celanese
The Emulsion Polymers business of Celanese is a global leader in developing products and application technology to improve performance, create value and drive innovation in a broad range of industrial and consumer end-use applications including adhesives, coatings, engineered fabrics, glass fibers, paper, textiles and more. The business has manufacturing facilities worldwide and is supported by expert technical service regionally. More information about the Emulsions Polymers business of Celanese is available at www.celanese-emulsions.com.
EcoVAE(R) is a registered trademark of the Celanese Corporation.
About Celanese
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 $6.8 billion in 2008, with approximately 65% 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 8,000 employees worldwide. For more information on Celanese Corporation, please visit the company's website at www.celanese.com.
SOURCE: Celanese Corporation
Celanese Corporation Investor Relations Mark Oberle, +1 972-443-4464 Telefax: +1 972-332-9373 Mark.Oberle@celanese.com or Media -- Americas Travis Jacobsen, +1 972-443-3750 Telefax: +1 972-443-8519 William.Jacobsen@celanese.com or Media -- Asia Phoebe Li, +86 21 3861 9210 Telefax: +86 21 3861 9577 Phoebe.Li@celanese.com.cn
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