Ticona, the engineering polymers business of Celanese Corporation (NYSE:CE), announced today that it will co-locate a new Celstran® long-fiber reinforced thermoplasic (LFRT) plant at Celanese’s integrated chemical complex in Nanjing, China, scheduled to become operational in early 2008.
This new investment supports the companies’ Asia growth strategies, which also include previously announced plans to construct production facilities for Ticona’s GUR® ultra-high molecular weight polyethylene at the Celanese Nanjing integrated chemical complex in Nanjing, China.
“Asia is region of impressive growth opportunities for us and our customers,” said Roeland Polet, vice president of Ticona. “Targeted investment in the construction of compounding and production facilities in this region will strengthen our position as a leading global supplier of LFRT. When the new facility is operational in Nanjing, we will have a global production capacity of more than 35,000 tons per year,” Polet said.
At the present time, Ticona produces LFRT in Kelsterbach, Germany, and Winona, Minn.
Celstran® and GUR® are registered trademarks of Ticona.
About Ticona and Celanese
Ticona, the technical polymers business of Celanese Corporation, produces and markets a broad range of engineering polymers and achieved sales of $ 915 million in 2006. Ticona has approximately 2.000 employees at production, compounding and research facilities in the U.S.A., Germany and Brazil. For further information please visit our website www.ticona.com.
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 totalled $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. For more information on Celanese Corporation, please visit the company's website at www.celanese.com.
