18.06.2008 13:15:00
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Celanese to Create Customer Application Development and R&D Center for Asia in Shanghai; Consolidate Business Headquarters
Celanese Corporation (NYSE: CE) today announced that Celanese China has
signed an agreement with Shanghai Zhangjiang (Group) Co. Ltd to
establish an integrated technology and marketing facility in the
Zhangjiang High-Tech Park, Shanghai, that combines the headquarters for
Celanese’s Asia businesses, customer
application development and research and development center.
Upon completion in early 2010, the 20,000 square-meter facility will
join together the company's business segments in Asia, including Acetyl
Intermediates, Advanced Engineered Materials and Consumer and Industrial
Specialties. This consolidation and integration will deliver synergies
that will be instrumental in creating added value for customers, with
shorter lead times, greater flexibility and cost advantages.
In addition, combining Celanese’s R&D center
in Asia within this facility will bring together 300 to 400 Celanese
scientists, design engineers and technical experts under one roof,
significantly accelerating the transition, adaptation and development of
Celanese’s state-of-the-art chemical
technologies to better serve customers in Asia.
"This R&D and application development center
is the next phase of our investment in China and Asia that further
positions us to meet our customers’ needs in
the fastest growing region of the world,” said
John J. Gallagher, III, executive vice president, and president, Acetyl
Intermediates and Celanese Asia. "The
Zhangjiang High-Tech Park’s award-winning
infrastructure and support will enable Celanese to deliver world-class
support for our customers in Asia.”
Celanese also operates an integrated chemical complex in Nanjing, China,
that houses seven operating units in one world-scale facility that
utilizes shared infrastructure and resources. The Nanjing complex is one
of the lowest-cost, most energy efficient facilities in the world and
benefits from Celanese’s leading production
technologies. In addition, Celanese recently announced that its Asian
shared service functions will be consolidated and integrated at the
Nanjing facility, further enhancing the company’s
productivity and efficiency.
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 totaled $6.4 billion in 2007, with
approximately 70% 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 8,400 employees worldwide. For more
information on Celanese Corporation, please visit the company's website
at www.celanese.com. Forward-Looking Statements This release may contain "forward-looking
statements,” which include information
concerning the company’s plans, objectives,
goals, strategies, future revenues or performance, capital expenditures,
financing needs and other information that is not historical information. When used in this release, the words "outlook,” "forecast,” "estimates,” "expects,” "anticipates,” "projects,” "plans,” "intends,” "believes,”
and variations of such words or similar expressions are intended to
identify forward-looking statements. All forward-looking
statements are based upon current expectations and beliefs and various
assumptions. There can be no assurance that the company will
realize these expectations or that these beliefs will prove correct. There
are a number of risks and uncertainties that could cause actual results
to differ materially from the forward-looking statements contained in
this release. Numerous factors, many of which are beyond the
company’s control, could cause actual results
to differ materially from those expressed as forward-looking statements. Certain of these risk factors are discussed in the company’s
filings with the Securities and Exchange Commission. Any
forward-looking statement speaks only as of the date on which it is
made, and the company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after the
date on which it is made or to reflect the occurrence of anticipated or
unanticipated events or circumstances.
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