About the Company
Previously known as Hoechst Celanese, Celanese Corp. is a chemical and specialty materials company headquartered in Irving, Texas, USA. It manufactures and sells a wide range of products, including high-performance polymers.
Traded under the ticker signal “CE” on NYSE, this company is one of the leading producers of acetic acid in the world - it operates three of the largest acetic acid plants. Moreover, CE has six research centres and more than 25 production plants across 11 countries.
This company manufactures a wide range of products, including advanced engineered materials, acetyl intermediates, and more. Since its inception, the company has been serving various industries such as automobile, electronics, construction, medical, and more. CE primarily targets two sectors - plastics and chemicals.
Celanese Corp. is also one of the largest manufacturers of cellulose acetate. These products are mainly used in apparel and cigarette filters. In 2010, Celanese launched the TCX technology, which was engineered to produce a type of fuel that would help countries minimise their need to import gas and oil.
In 2005, CE acquired Acetex for $492 million. The company has, in subsequent years, also acquired more than 12 companies since its inception. Its acquisitions encompass companies from five different US states and more than seven countries. In January 2019, CE announced that it had successfully acquired Next Polymers Ltd., which is one of the leading engineering thermoplastic compounders based in India.
In 2014, The American Chemistry Council awarded CE with its Responsible Care Company of The Year Award for providing the best performance pertaining to the environment, safety security, and health. In 2020, CE ranked 470th on the list of Fortune 500 companies and 1343rd on Forbes’ list of the world’s largest public companies.;