24-Apr-2015 - Celanese Corporation

Celanese Announces Intent to Reduce Production Capacity at Its Lanaken, Belgium, Acetate Tow Plant

Proposal could reduce production capacity at plant by 50 percent

Celanese Corporation proposed to employee representatives at the company’s Lanaken, Belgium, facility the reduction of acetate tow production capacity at the site by 50 percent.

“This proposal results from ongoing changes in the global demand for acetate tow products, especially in Europe, which has been declining and further shifting to Asia and developing countries, and is not in any way a reflection on the employees,” said Lou Purvis, vice president and general manager of the Consumer Specialties segment. “Going forward, given the capacity and capability of our global production assets, we are confident in our ability to reliably supply customers in the future from our facilities in Narrows, Virginia; Ocotlan, Mexico; and from the remaining capacity at the Lanaken plant.”

Celanese’s Lanaken site leaders will fully consult on the proposal with employee representatives and support them through this process. The company is committed to engaging in a transparent and constructive dialogue with its employee representatives; and if the company decides to implement the proposal, will work to assist employees with job search and career counselling.

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