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Press release content from Business Wire. The AP news staff was not involved in its creation.

Celanese Corporation Announces New $1.0 Billion Share Repurchase Authorization

July 14, 2021 GMT

DALLAS--(BUSINESS WIRE)--Jul 14, 2021--

Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that its board of directors has approved a new $1.0 billion share repurchase authorization. The new share repurchase authorization represents approximately 6 percent of the company’s shares outstanding.

In the first half of 2021, the company deployed $500 million to repurchase shares under the previous $1.5 billion share repurchase authorization put in place in 2019 and increased by $500 million in July 2020. As of June 30, 2021, approximately $560 million remained under the existing share repurchase authorization which, combined with this new $1.0 billion authorization, will support future share repurchases.

About Celanese

Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese’s global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2020 net sales of $5.7 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20210714005890/en/

CONTACT: Celanese

Investor Relations

Brandon Ayache

+1 972 443 8509

brandon.ayache@celanese.com Media Relations – Global

W. Travis Jacobsen

+1 972 443 3750

william.jacobsen@celanese.comMedia Relations Europe (Germany)

Petra Czugler

+49 69 45009 1206

petra.czugler@celanese.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING

SOURCE: Celanese Corporation

Copyright Business Wire 2021.

PUB: 07/14/2021 04:25 PM/DISC: 07/14/2021 04:25 PM

http://www.businesswire.com/news/home/20210714005890/en