CP50: Celanese Corp.
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.
Mark C. Rohr
Chairman and CEO
Mark C. Rohr was named by the Celanese Board of Directors in November 2011 to succeed David Weidman who officially retired April 2, 2012. <br><br> Rohr, a member of Celaneses Board of Directors since 2007, previously held the positions of chief executive officer and chairman of Albemarle Corporation, as well as executive chairman of its Board. He will be based at Celaneses corporate headquarters in Dallas, Texas.
Chief Operating Officer
Doug is responsible for all of the companys business operating units, including Acetyl Intermediates, Industrial Specialties, Consumer Specialties and Advanced Engineered Materials. Madden most recently served as corporate executive vice president with responsibility for the Acetyl Intermediates and Industrial Specialties business segments, as well as oversight of the companys Asia Region. <br><br> In February 2008, Madden was named executive vice president for Celanese Corporation. He has served as president of Celaneses AT Plastics and Emulsions businesses since April 2006, and has served as president of the Acetate business since 2003.
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 companys 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 companys 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.
For the latest financial reports, visit: http://www.celanese.com/index/ir_home.html
- Celanese Corp.
- 1601 West LBJ Freeway
- Dallas, Texas 75234-6034
- Phone: +1-972-443-4000
Featured content related to Celanese Corp.
Celanese Corp. News
Celanese Corp. Articles
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.)