Celanese Corp (CE)

Celanese Corporation is a global chemical and specialty materials company. It produces high performance engineered polymers used in high-value applications and is one of the world's largest producers of acetyl products, which are intermediate chemicals for nearly all major industries. The company traces its history to 1918 and was incorporated in Delaware in 2004. Its shares trade on the New York Stock Exchange under the ticker CE.

The company operates principally through two segments. Engineered Materials includes ethylene acrylic elastomers (Vamac), pharmaceutical grade EVA copolymers (VitalDose), liquid crystal polymers (Vectra, Zenite), long-fiber reinforced thermoplastics (Celstran), nylon compounds (Celanyl, Zytel and others), polyoxymethylene (Celcon, Hostaform), polypropylene compounds, thermoplastic elastomers, thermoplastic polyesters, thermoplastic vulcanizates (Santoprene) and UHMW-PE (GUR). It is a project-based business that grows by commercializing projects from its pipeline, and it includes 17 strategic affiliates. The Acetyl Chain segment is an integrated business covering acetic acid, acetic anhydride, acetate esters and vinyl acetate monomer (VAM), solvents and derivatives such as formaldehyde, acetate flake and tow, emulsion polymers (EcoVAE, Mowilith, Vinamul and others), EVA polymers (Ateva) and redispersible powders (Elotex). Other Activities consists mainly of corporate center costs, interest, captive insurance companies, certain pension cost components and merger and integration costs.

Engineered Materials sells mainly to original equipment manufacturers and their suppliers in the automotive, medical, industrial and consumer industries. Its end uses also include appliances, construction, consumer electronics, electrical, energy storage, filtration and telecommunications. It sells through multi-year and annual arrangements and through distribution partners, with pricing based primarily on value-in-use. Acetyl Chain products go to customers in paints, coatings, adhesives, paper, pharmaceuticals, textiles, packaging, construction products and other industries, sold directly and through distributors under short- and long-term agreements. Acetate tow is sold principally to major tobacco companies for cigarette filters. Pricing in this segment is influenced by industry utilization, raw material costs, demand and value-in-use.

The company is headquartered in Irving, Texas. It has operations primarily in North America, Europe and Asia, with 51 global production facilities and 20 strategic affiliate production facilities, and employed 11,434 people as of December 31, 2025. Acetyl Chain production sites are in Belgium, Canada, China, Germany, Mexico, the Netherlands, Singapore, Sweden, Switzerland and the U.S. Principal raw materials include carbon monoxide, methanol, ethylene, formaldehyde and wood pulp, sourced internally and from third parties, generally under long-term or annual and multi-year contracts. Affiliates include Fairway Methanol (50% with Mitsui, at Clear Lake, Texas, including carbon capture operations), National Methanol Company (25%, Saudi Arabia), Korea Engineering Plastics (50%) and acetate ventures in China (about 30%) with China National Tobacco Corporation. The company cites proprietary technology such as AOPlus3 and VAntage2 and a low-cost production footprint as competitive advantages.