MOSCOW (MRC) -- Celanese Corporation, a global chemical and specialty materials company, has declared a quarterly cash dividend of USD0.62 per share on its common stock, payable February 28, 2020, as per the company's press release.
The dividend is payable to stockholders of record as of February 18, 2020.
As MRC reported before, Celanese Corporation has undertaken a turnaround at its vinyl acetate monomer (VAM) unit in Singapore. The company shut the unit for maintenance on February 4, 2020. The unit was likely to remain off-line for about 10-12 days, but then the restart was delayed. Located in Jurong Island, Singapore, the unit has a production capacity of 210,000 mt/year.
VAM is one the main feedstocks for the production of ethylene-vinyl-acetate (EVA).
According to MRC's DataScope report, December 2019 EVA imports to Russia dropped by 4,1% year on year to 3,600 tonnes from 3,760 tonnes a year earlier, and overall imports of this grade of ethylene copolymer into the Russian Federation decreased in January-December 2019 by 17,8% year on year to 39,55 tonnes (48,09 tonnes in 2018).
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 7,700 employees worldwide and had 2019 net sales of USD6.3 billion.
MRC