MOSCOW (MRC) -- Celanese Corporation, a global specialty materials company, рфы announced a capital efficient debottlenecking project of its polyoxymethylene (POM) production unit at the Industriepark Hochst (IPH) facility in Frankfurt, Germany to support the continued growth of its global engineered materials business, as per the company's press release.
"Celanese continues to exhibit its leadership position in the manufacture and compounding of highly engineered materials, such as POM, by adding this capacity to support growth in sophisticated, functionalized polymers," said Scott Sutton, Chief Operating Officer. "We will continue to partner with our customers to deliver innovative solutions to meet ever-increasing customer needs and respond to the changing complexity in high-performance polymers."
Celanese expects to expand the production capacity of its IPH unit by 20 kilotonnes, making this the world's largest and most efficient POM plant.
"As we expand our polyacetal capacity and manufacturing capability globally - with production facilities in every region of the world - Celanese continues to demonstrate the expertise needed to efficiently run the world's largest polymer and chemical facilities," said Jon Mortimer, Vice President, Global Manufacturing for Celanese. "The debottlenecking of our IPH POM unit further demonstrates not only our ability to respond to global customer demand, but also the knowledge and expertise of our engineering talent that enables these world-class projects and expansions."
Celanese expects to complete the POM debottlenecking project at the IPH facility in the next 18-24 months. Financial details of the project are not being disclosed at this time.
As MRC wrote previously, Celanese Corporation increased October list and off-list selling prices for Vinyl Acetate Monomer (VAM) sold in Europe, Middle East, Africa and the Americas. The price increases below were effective for orders shipped on or after October 1, 2018, or as contracts otherwise allow, and are incremental to any previously announced increases.
Thus, VAM prices rose, as follows:
- by EUR50/mt - for Europe, Middle East & Africa;
- by USD0.03/lb - for the USA and Canada:
- by USD65/mt - for Mexico & South America.
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, Celanese employs approximately 7,600 employees worldwide and had 2017 net sales of USD6.1 billion.
MRC