RSSCelanese Corp.
Company Information
Celanese Corp., a $6.4 billion global integrated chemical company which traces its history back to 1912 and became a publicly traded company on the New York Stock Exchange January 2005, manufactures products found in consumer and industrial applications. The company has manufacturing facilities in North America, Europe and Asia. According to the company, it is one of the world's largest producers of acetyl products, which are intermediate chemicals for nearly all major industries, as well as a leading global producer of high performance engineered polymers that are used in a variety of high-value end-use applications.
Celanese attributes its success to proprietary production technology. Its production of acetyl products employs industry leading proprietary and licensed technologies, including its own AO Plus acid-optimization technology for the production of acetic acid and VAntage vinyl acetate monomer technology. AO Plus enables plant capacity to be increased with minimal investment, while VAntage enables significant increases in production efficiencies, lower operating costs and increases in capacity at 10% to 15% of the cost of building a new plant.
Based in Dallas, the company employs approximately 8,400 employees worldwide.
Company Officers
David N. Weidman
chairman and CEO
Weidman has served as president and CEO since December 2004, and was appointed chairman by the Board of Directors in February 2007. In this capacity, he is responsible for all aspects of the company's global business strategy and execution of Celanese’s worldwide operations. Prior to his current appointment, Weidman was vice chairman of the Celanese AG Board of Management from September 2003 and chief operating officer of Celanese AG since January 2002. Weidman joined Celanese AG in September 2000 as a member of the Board of Management and chief executive officer of the company’s chemicals business.
John J. Gallagher III
executive vice president, Celanese Corp. President, Acetyls and Celanese Asia
Gallagher was named to his current position in July 2007. Previously, he was executive vice president and chief financial officer for Celanese Corp. since August 2005. As Celanese executive vice president, John was integral in setting the company’s strategy and guiding its operations. In addition, he led a significant restructuring of the company’s finance operations to streamline operations, reduce cost and improve efficiency. Prior to joining Celanese, Gallagher was CEO of Great Lakes Chemical Corp.
Steven M. Sterin
senior vice president and chief financial officer
Sterin was named to this position in July 2007, after previously holding the position of corporate controller and the company’s principal accounting officer. Sterin became controller in 2005 and led the implementation and compliance with Sarbanes-Oxley regulations, the transition of all corporate accounting functions to the company’s new headquarters in Dallas from New Jersey and Germany, and the implementation of a five-day monthly close. He also oversaw more than $1 billion in secondary offerings from private equity ownership, including the largest secondary offering in chemical industry history.
Investor Information
For the latest financial reports, visit: http://www.celanese.com/index/ir_home.html
Contact Information
- Celanese Corp.
- 1601 West LBJ Freeway
- Dallas, Texas 75234-6034
- www.celanese.com
- Phone: +1-972-443-4000
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Products
The Celanese product portfolio consists of acetyl intermediates (solvents, formaldehyde and derivatives, amines, carboxylic acids & anhydrides) emulsions, polyvinyl alcohol (PVOH), basic polymers, technical polymers, acetate products, and food ingredients (Nutrinova Sorbates -- sorbic acid, potassium sorbate; Vinosorb -- special grade of potassium sorbate for use in wine; and Panosorb -- special grade of sorbic acid for use in bakery products.)
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