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Celanese Acetic Acid Production Outage at Clear Lake, Texas Facility Extended
Thursday July 19, 12:02 pm ET

DALLAS--(BUSINESS WIRE)--Celanese Corporation, a global hybrid chemical company, today announced that the repair of the acetic acid unit at its Clear Lake, Texas facility was unsuccessful upon restart and a continued shutdown will be required. The company will inform its acetic acid and derivatives customers that the force majeure previously announced will be extended.

Due to uncertainty regarding the timing of the restart of the unit, the company has temporarily withdrawn its full-year financial guidance until the impact of the outage can be determined.

About Celanese:

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 $6.7 billion in 2006, with over 60% 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 8,900 employees worldwide.

Source: Celanese Corporation

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