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Celanese Corporation declares quarterly dividend of USD0.62 per share

August 05/2020

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 August 6, 2020, as per the company's press release.

The dividend is payable to stockholders of record as of July 27, 2020.

As MRC reported earlier, Celanese last raised its list and off-list selling Vinyl Acetate Monomer (VAM) prices for Europe, Middle East and Africa on July 1, 2020, by EUR100/mt.

VAM is the main feedstock for the production of ethylene-vinyl-acetate (EVA).

According to MRC's DataScope report, Junel EVA imports to Russia fell by 22,5% year on year to 2,940 tonnes from 3,800 tonnes a year earlier, and overall imports of this grade of ethylene copolymer into the Russian Federation dropped in January-June 2020 by 8,16% year on year to 17,440 tonnes (18,980 tonnes a year earlier).

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.
Author:Margaret Volkova
Tags:Africa, Near East, Europe, vinilacetat, EVA, copolymer, ethylene, Celanese, Russia, USA.
Category:General News
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