DALLAS, June 18, 2008 Celanese Corporation (NYSE: CE) today announced that Celanese China has signed an agreement with Shanghai
Zhangjiang (Group) Co. Ltd to establish an integrated technology and marketing facility in the Zhangjiang
High-Tech Park, Shanghai, that combines the headquarters for Celanese’s Asia businesses, customer application
development and research and development center.
Upon completion in early
2010, the 20,000 square-meter facility will join together the company's business segments in Asia, including
Acetyl Intermediates, Advanced Engineered Materials and Consumer and Industrial Specialties. This consolidation
and integration will deliver synergies that will be instrumental in creating added value for customers,
with shorter lead times, greater flexibility and cost advantages.
In addition,
combining Celanese’s R&D center in Asia within this facility will bring together 300 to 400 Celanese
scientists, design engineers and technical experts under one roof, significantly accelerating the transition,
adaptation and development of Celanese’s state-of-the-art chemical technologies to better serve customers
in Asia.
“This R&D and application development center is the next phase
of our investment in China and Asia that further positions us to meet our customers’ needs in the fastest
growing region of the world,” said John J. Gallagher, III, executive vice president, and president,
Acetyl Intermediates and Celanese Asia. “The Zhangjiang High-Tech Park’s award-winning infrastructure
and support will enable Celanese to deliver world-class support for our customers in Asia.”
Celanese
also operates an integrated chemical complex in Nanjing, China, that houses seven operating units in
one world-scale facility that utilizes shared infrastructure and resources. The Nanjing complex is one
of the lowest-cost, most energy efficient facilities in the world and benefits from Celanese’s leading
production technologies. In addition, Celanese recently announced that its Asian shared service functions
will be consolidated and integrated at the Nanjing facility, further enhancing the company’s productivity
and efficiency.
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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 $6.4 billion in 2007, with approximately 70% generated outside
of North America. Known for operational excellence and execution of its business strategies, Celanese
delivers value to customers around the globe with innovations and best-in-class technologies. Based
in Dallas, Texas, the company employs approximately 8,400 employees worldwide. For more information
on Celanese Corporation, please visit the company's website at www.celanese.com.
Forward-Looking Statements
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plans, objectives, goals, strategies, future revenues or performance, capital expenditures, financing
needs and other information that is not historical information. When used in this release, the
words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,”
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cause actual results to differ materially from the forward-looking statements contained in this release.
Numerous factors, many of which are beyond the company’s control, could cause actual results to
differ materially from those expressed as forward-looking statements. Certain of these risk factors
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update any forward-looking statements to reflect events or circumstances after the date on which it
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