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

Celanese Announces Global POM Surcharge in Response to Rising Energy Costs

October 11, 2021 GMT

DALLAS & AMSTERDAM & SHANGHAI--(BUSINESS WIRE)--Oct 11, 2021--

Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced a global surcharge on its portfolio of Amcel®, Celcon®, Hostaform® and other polyacetal (POM) products in response to a recent surge in global energy prices.

The surcharge amounts indicated below will be implemented on all shipments of POM products beginning on October 25, 2021.

Europe

€0.50/kg

Asia

$0.35/kg

Americas

$0.30/kg

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“The unprecedented instability present throughout the energy markets, that began this summer, recently accelerated and we have reached the point where Celanese needs to share the burden of the price increases with our customers,” said Juergen Pongratz, Vice President, POM, for Celanese. “Although we believe these conditions will persist through the winter, Celanese will continue to monitor the situation on a regular basis and will adjust the surcharge amounts to reflect the then-current conditions. We understand the impact this may have on our valued customers and hope to see conditions normalize as soon as possible.”

Customers should contact their Celanese account manager for more information.

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/20211011005656/en/

CONTACT: Celanese Contacts:

Investor Relations

Brandon Ayache

+1 972 443 8509

brandon.ayache@celanese.comMedia Relations – Global

W. Travis Jacobsen

+1 972 443 3750

william.jacobsen@celanese.comMedia Relations - Europe

Petra Czugler

+49 174 762 8784

petra.czugler@celanese.com

KEYWORD: CHINA UNITED STATES NORTH AMERICA ASIA PACIFIC EUROPE NETHERLANDS TEXAS

INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING

SOURCE: Celanese Corporation

Copyright Business Wire 2021.

PUB: 10/11/2021 06:00 PM/DISC: 10/11/2021 06:02 PM

http://www.businesswire.com/news/home/20211011005656/en