Celanese Weighs Possible Breakup

Oct. 15, 2019
Celanese considers breaking up in strategic review.

A breakup could be in the offing for Celanese, according to an article from Bloomberg citing people familiar with the matter. The Irving, Texas-based chemicals producer is reportedly conducting a strategic review that may include splitting up the company.

The company’s annual report details three main business segments: engineered materials, acetate tow business and an acetyl chain unit. Celanese is reportedly still in the early stages of the review process and could decide against breaking up. If the company does opt to split, it will join the likes of DuPont de Nemours, which is divesting its nutrition and bioscience business, and Akzo Nobel NV, which sold off it specialty chemical group last year, according to Bloomberg.

Read the entire article here.

Sponsored Recommendations

Keys to Improving Safety in Chemical Processes (PDF)

Many facilities handle dangerous processes and products on a daily basis. Keeping everything under control demands well-trained people working with the best equipment.

Get Hands-On Training in Emerson's Interactive Plant Environment

Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...

Managing and Reducing Methane Emission in Upstream Oil & Gas

Measurement Instrumentation for reducing emissions, improving efficiency and ensuring safety.

Micro Motion 4700 Coriolis Configurable Inputs and Outputs Transmitter

The Micro Motion 4700 Coriolis Transmitter offers a compact C1D1 (Zone 1) housing. Bluetooth and Smart Meter Verification are available.