MOSCOW (MRC) -- Celanese Japan Limited, a wholly owned subsidiary of Celanese Corporation, a global technology and specialty materials company, and Setsunakasei Co. Ltd. (Setsunan) of Osaka, Japan, have signed a letter of intent to pursue an agreement whereby Setsunan will compound Celanese engineered polymers in Setsunan's facilities in Japan, reported Celanese in its press release.
"Setsunan has strong compounding capabilities and can meet the technical and specification requirements of our customers," said Hajime Suzuki, president of Celanese Japan Ltd. "Our agreement with Setsunan will further enable Celanese to position our world-class engineered materials portfolio to our key customers in Japan to meet their local requirements."
"With more than 50 years of global technical and application development expertise in engineered materials, Celanese is uniquely positioned to help Japanese customers develop innovative products and solutions to meet their design and operational challenges," said Isaac Khalil, global business director for the engineered materials business of Celanese.
Celanese engineered polymers are very versatile and are used in a wide array of applications across many industries, including automotive, consumer and industrial segments. These polymers may be processed by injection molding, extrusion, compression molding, rotational casting or blow molding. The polymer can be modified with glass fibers, minerals, conductive fillers, lubricants, pigments and many other additives to enhance the functionality for diverse end-use customer applications.
As MRC wrote previously, Celanese Corporation has increased the price of vinyl acetate-based emulsions sold in the Americas. Thus, PVAc homopolymer, vinyl acetate ethylene (VAE) and vinyl acrylic emulsions rose by up to USD0.05/wet pound effective November 1, 2014, or as contracts allow. This increase was attributed to the continued pressures on raw materials, notably vinyl acetate monomer (VAM), and freight.
This price increase affected all applications including, but not limited to, adhesives, paints and coatings, building products, nonwovens, glass fiber, carpet, paper and textiles.
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Texas, Celanese employs approximately 7,400 employees worldwide and had 2013 net sales of USD6.5 billion.
MRC