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.

Facts, background information, dossiers
  • Celanese
More about Celanese
  • News

    Celanese and Blackstone to Form Joint Venture in Acetate Tow

    Celanese Corporation and funds managed by Blackstone announced a definitive agreement to form a JV that will create a global acetate tow supplier. Celanese and Blackstone will own 70 percent and 30 percent of the JV, respectively. Transaction Overview Under the terms of the agreement, Celan ... more

    Celanese appoints Verghese Thomas Chief Technology & Innovation Officer

    Celanese Corporation, a global technology and specialty materials company, announced it has appointed Dr. Verghese Thomas as Chief Technology & Innovation Officer. The appointment of Thomas, currently the company’s Global Technology & Innovation Director of the Celanese engineered materials ... more

    Celanese Corporation Reports Record Fourth Quarter and Full Year 2014 Results

    Celanese Corporation reported record fourth quarter 2014 adjusted earnings per share of $1.28 versus $1.04 in the prior year quarter. Fourth quarter 2014 financial highlights Record fourth quarter adjusted earnings per share of $1.28, up 23 percent from prior year, driven by increased flexi ... more

  • Companies

    Celanese Corporation

    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% ge ... more

    Celanese Chemicals Europe GmbH

    Celanese is a global technology and specialty materials company that engineers and manufactures a wide variety of products essential to everyday living. more