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689:. The lawsuit alleged the dumping of a number of toxic chemicals into local waters, which has diminished property values and caused a number of illnesses. Hoechst Celanese asked the courts to dismiss these charges as spurious, claiming that its discharges have not caused substantial harm to anyone or to the environment, and further asserting that a 3-year limit on
677:
lawsuit claimed that in spite of this knowledge, the defendants concealed the information and continued to market these products (Shell supplying PB resins to water pipe manufacturers and
Hoechst Celanese providing acetal resins to manufacturers of pipe fittings) until approximately 1996. The lawsuit was settled in 1995 for
676:
distribution systems and purportedly enjoying a lifetime of 50 years service. According to the lawsuit, scientists from the defendants allegedly reported that the PB plumbing systems would degrade even when exposed to low concentrations of chlorine typically found in municipal water systems. The
839:
is a hydrocarbon-based ethanol production process developed and marketed by
Celanese and launched in November 2010. Celanese researchers developed the TCX Technology to create a fuel that helps countries reduce their need to import oil and gas. Celanese plans to invest $ 700 million to build
456:
The company had introduced the word “Celanese,” a combination of “cellulose” and “ease” in 1925, seeking to promote the ease of cleaning and care of their acetate yarn, or artificial silk, fabrics. They officially took this name in 1927, becoming
Celanese Corporation of America.
684:
In
January 2014, a class action lawsuit was filed on behalf of the citizens of Cannon's Campground, seeking relief from health and environmental dangers posed by groundwater and surface water contamination emanating from the Hoechst-Celanese manufacturing plant in
618:
and became a publicly traded corporation traded on the New York Stock
Exchange under the symbol "CE". When Blackstone sold the last of its shares in 2007, it had made five times what it had invested and it, and its co-investors collected a $ 2.9 billion profit.
1842:
606:
for
Celanese, after two years of wooing management. Shareholders formally approved the offer from Blackstone on 16 June 2004, and Blackstone completed the acquisition of Celanese AG. The company was delisted from the
378:
Celanese operates 25 production plants and six research centers in 11 countries, mainly in North
America, Europe, and Asia. The company owns and operates the world's three largest acetic acid plants: one in the
785:, and other food ingredients. Major end-use markets include beverages, confections, baked goods, and dairy products. In 2021, Celanese ranked 7th on FoodTalks' Global Top 20 Food Preservative Companies list.
749:, the engineering polymer business of Celanese), conveyor belts, electronics, safety systems, emissions filtration, and fluid handling. Polymer production is improved by the acquisition of SO.F.TER Group,
1446:
1067:"Prison presence in Western Md. Allegany: Corrections jobs are replacing industry jobs that left the county over past 20 years, but a proliferation of prisons is not welcomed by everyone"
1485:
745:
polymers to customers in the automotive, electronics, telecommunications, and medical industries. Major products include engineered plastics for fuel system components (provided by
611:, and Blackstone changed the entity's name back to Celanese Corporation. Under Blackstone, a number of streamlining initiatives were undertaken, and several acquisitions were made.
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as a defendant in a class action lawsuit for $ 7 billion in both past and potential future damages for which they were accused of being liable because of leaks in their
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729:. Customers of acetyl intermediates and industrial specialties are in the chemical, paint and coatings, construction, and adhesive industries for
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672:(PB) plumbing systems. The lawsuit alleged a complex scheme to mislead buyers into believing that PB plumbing systems were suitable for use as
107:
909:." Celanese. Retrieved on December 12, 2012. "Celanese Corporation Headquarters 222 W. Las Colinas Blvd., Suite 900N Irving, Texas 75039 USA"
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and easy access to coal supplies and railroad lines. After a series of delays, production began on
Christmas Day, 1924 with a series of
1014:
1189:
500:
1731:"Company sees its coal-to-ethanol technology as a game changer – for itself and the industry" ICIS Chemical Business Jan. 10, 2011
864:
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577:, both of Mexico. Also in 1998, Hoechst combined most of its industrial chemical operations into a new company, Celanese AG.
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652:, who already owned 55% of the company. This transaction resulted in Daicel attaining full ownership of Polyplastics.
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that is wood pulp based and certified biodegradable and compostable in home and industrial composting conditions.
693:
claims had expired, relieving the company of any responsibility for damages which might be eventually discovered.
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per year, representing approximately 25% of global production. Celanese is also the world's largest producer of
717:
Acetyl intermediates is
Celanese's largest segment, with a product range consisting of basic chemicals such as
434:
to produce cheaper fabric for airplane manufacturing. The plant location was chosen inland to protect against
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58:
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In 1918, the
American Cellulose & Chemical Manufacturing Company (known as Amcelle) was founded in
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In 1998, in a $ 2.7 billion deal, Hoechst Celanese sold its Trevira division to a consortium between
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and merged with its American subsidiary, American Hoechst, to form Hoechst Celanese Corporation.
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producers, paper, mortar and gypsum, textiles, paints, coatings, and adhesives manufacturers.
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King of Capital: The Remarkable Rise, Fall and Rise Again of Steve Schwarzman and Blackstone
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450:. The plant was closed in 1983, and was later torn down to provide a space for a new
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1831:"Analysis of Proposed Consent Order to Aid Public Comment" Federal Trade Commission
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Reisch, Mark (17 July 1995). "Shell, Hoechst Celanese face $ 7 billion lawsuit".
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one-to-two plants in China and one in Texas that will produce TCX-based ethanol.
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536:(PBI), a material used to fabricate high-performance protective apparel used in
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In 1999, Hoechst spun off Celanese AG as a publicly traded German corporation,
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1863:
1855:"Celanese Health and Safety Culture is Zero Tolerance" ICIS Chemical Business
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1097:"Closing Mexico chemicals plant will cost Celanese Corp. up to $ 110 million"
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attacks. It was also situated in proximity to a ready source of water at the
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352:
351:, is an American technology and specialty materials company headquartered in
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19:"Fortron" redirects here. For the electronic power supply manufacturer, see
947:"Celanese to cut jobs due to poor economic climate" ICIS News Jan. 15, 2009
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centers, some 30 groups of products, and approximately 13,000 employees.
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1339:"Company News; Celanese Canada in Talks to Sell Its Polyester Business"
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from acetyl intermediates, manufactures polymer and emulsions such as
1820:
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20:
1849:"A Pragmatic Response to Climate-Change Regulation" Automation World
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In 1947, Celanese started producing acetate fiber at its plant near
1540:
Class action dilemmas : pursuing public goals for private gain
435:
426:
The American Cellulose and Chemical Manufacturing Co. Ltd plant in
750:
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in 1982. This included the Fiber Industries Incorporated plant in
1718:"Celanese faces U.S. road block on ethanol" Reuters Jun. 15, 2011
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522:
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1618:"Cannon's Campground & Groundwater Pollution | Louthian Law"
1837:"Interview-Celanese CEO Looks to Shake Up Product Line" Reuters
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649:
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In late 2020, Celanese sold their 45% stake in Polyplastics to
44:
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1160:"Joint Ventures and New Frontiers (1960-1969) – Celanese Blog"
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388:
368:
356:
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1543:. Hensler, Deborah R., 1942-. Santa Monica, CA: Rand. 2000.
1447:"Law prevents company from making fossil-fuel-based ethanol"
363:
corporation. The company is the world's leading producer of
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1317:
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447:
960:"DuPont declares VAM force majeure" ICIS News Sep. 5, 2007
1843:"Dialogue: Innovating the Future" Manufacturing Executive
513:
Celanese bought operations of the British chemicals firm
446:
commercial fabrics and yarns intended as alternatives to
1190:"Durafiber Technologies employees look back at 50 years"
796:, as well as in the production of fashion apparel and
614:
On 21 January 2005, Celanese Corporation conducted an
495:, to showcase the company's new materials and styles.
325:
1695:[Global Top 20 Food Preservative Companies].
1643:"Companies ask court to dismiss class action lawsuit"
857:"Celanese Corporation 2023 Annual Report (Form 10-K)"
1769:
788:
Celanese is one of the world's largest producers of
1472:"How A Dumb Law Blocks A Great Way To Fuel America"
61:, formerly the Celanese Building, completed in 1973
1588:"Tennessee Judge Approves Plastic Pipe Settlement"
1679:Celanese completes acquisition of SO.F.TER Grouop
1861:
736:
528:In 1983, Celanese built a $ 20 million plant in
472:By 1958, Celanese had 13 domestic plants, three
1870:Companies listed on the New York Stock Exchange
1743:
660:In 1985, Hoechst Celanese was named along with
1890:Manufacturing companies based in Irving, Texas
1747:The American Synthetic Rubber Research Program
1710:
973:"Celanese to Build Acetic Acid Plant in China"
769:produces the high intensity sweetener Sunett (
558:In 1987, Celanese Corporation was acquired by
1649:. Spartanburg, South Carolina. Archived from
1579:
1433:"About Us | Sekisui Specialty Chemicals"
880:"Irving-based chemical company names new CEO"
1313:"Hoechst sells Trevira to Koch/Mexican team"
26:"Ticona" redirects here. For the place, see
831:
1640:
1286:"Hoechst sells division for $ 2.7 billion"
1215:
849:
505:Logo introduced in the 1970s, designed by
499:
52:
43:
807:
792:. Acetate products are primarily used in
1796:Business data for Celanese Corporation:
1641:Kitzmiller, Felicia (25 February 2014).
1310:
705:Celanese cellulose acetate factory near
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1900:1918 establishments in New York (state)
1885:Chemical companies of the United States
1374:U.S. Securities and Exchange Commission
1187:
1094:
1064:
1015:"Hoechtst Celanese Corporation History"
865:U.S. Securities and Exchange Commission
800:. Celanese also manufactures Clarifoil
760:
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1880:Chemical companies established in 1918
1875:American companies established in 1918
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820:emulsions, and specialty chemicals as
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923:"Celanese Acetic Acid Plant, Nanjing"
877:
741:Advanced engineered materials offers
460:
1744:Turnbull Morris, Peter John (1989).
1690:
917:
915:
1750:. Pennsylvania Press. p. 258.
622:In June 2009, the company sold its
13:
1490:S&P Global Market Intelligence
812:Industrial specialties, using the
14:
1911:
1765:
1218:"Celanese Sticks with the Basics"
1216:Greenhouse, Steven (1984-06-24).
1188:Raymond, Amanda (June 12, 2016).
1121:"Celanese Corporation of America"
997:"History of CELANESE CORPORATION"
912:
592:as "CZZ" and "CZ", respectively.
1772:
1392:David Carey and John E. Morris,
824:. Major end-use markets include
569:-based KoSa, a joint venture of
469:. The plant was closed in 2019.
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124:Chemicals and advanced materials
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1125:Chemical & Engineering News
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1065:Wheeler, Timothy (1998-12-08).
1058:
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551:its pharmaceutical business as
479:In 1959, Celanese commissioned
367:, producing about 1.95 million
336:Footnotes / references
1665:Celanese rileva SO.F.TER Group
1311:Williams, Grace (1998-04-22).
1284:Davis, Kathleen (1998-04-23).
1158:Reagan, Candace (2018-07-26).
1007:
989:
965:
952:
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899:
871:
765:The food ingredients business
595:On 16 December 2003, the U.S.
1:
1895:2005 initial public offerings
843:
737:Advanced engineered materials
1586:Evans, Judith (1995-11-10).
1095:Carlson, Kara (2019-07-02).
1032:Meyer, Eugene (1983-10-03).
878:Stych, Anne (Apr 10, 2019).
515:Imperial Chemical Industries
142:; 106 years ago
7:
1853:Lou Reade (March 25, 2010)
696:
687:Spartanburg, South Carolina
59:1211 Avenue of the Americas
10:
1916:
1733:" Retrieved Apr. 6, 2012.
1291:Spartanburg Herald-Journal
1137:10.1021/cen-v036n004b.p024
962:" Retrieved Jun. 29, 2010.
949:" Retrieved Jun. 29, 2010.
483:, a 20th-century American
410:
25:
18:
1847:Wes Iversen (April 2010)
1720:" Retrieved Sep. 5, 2020.
1691:Wang, Yiyi (2021-09-29).
1524:10.1021/cen-v073n029.p008
977:www.businesswireindia.com
628:Sekisui Chemical Co., Ltd
530:Rock Hill, South Carolina
519:Salisbury, North Carolina
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16:American chemical company
1841:Paul Tate (May 4, 2010)
1001:referenceforbusiness.com
832:Advanced fuel technology
590:New York stock exchanges
474:research and development
467:Ocotlán, Jalisco, Mexico
1735:(subscription required)
1257:New York Stock Exchange
1101:The Dallas Morning News
885:Dallas Business Journal
616:initial public offering
609:New York Stock Exchange
493:New Canaan, Connecticut
306:US$ 7.09 billion (2023)
288:US$ 26.6 billion (2023)
270:US$ 1.96 billion (2023)
253:US$ 1.69 billion (2023)
1571:: CS1 maint: others (
1131:(4b): 24. 1958-01-27.
822:ethylene vinyl acetate
808:Industrial specialties
802:cellulose acetate film
709:
30:. For the person, see
1250:"Celanese AG History"
704:
656:Class action lawsuits
542:astronaut space suits
373:vinyl acetate monomer
761:Consumer specialties
713:Acetyl intermediates
430:, was set up during
428:Cumberland, Maryland
347:, formerly known as
345:Celanese Corporation
38:Celanese Corporation
1693:"2021年全球食品防腐剂企业20强"
1622:www.louthianlaw.com
1598:The Washington Post
1593:The Washington Post
1038:The Washington Post
1019:fundinguniverse.com
927:Chemical Technology
867:. 23 February 2024.
626:(PVOH) business to
597:private equity firm
573:, IMASAB S.A., and
491:,” a model home in
481:Edward Durell Stone
312:Number of employees
39:
1409:Celanese - History
1344:The New York Times
1222:The New York Times
1034:"City in Distress"
710:
538:firefighter's gear
461:After World War II
210:Scott Richardson (
203:Lori J. Ryerkerk (
37:
1757:978-0-8122-8207-8
1550:978-0-8330-4394-8
1071:The Baltimore Sun
826:polyvinyl alcohol
818:polyvinyl acetate
794:cigarette filters
790:cellulose acetate
779:potassium sorbate
707:Narrows, Virginia
624:polyvinyl alcohol
534:polybenzimidazole
444:cellulose acetate
419:by Swiss chemist
399:, and a third in
342:
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1793:
1792:
1790:Official website
1782:
1780:Companies portal
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571:Koch Industries
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1653:on 2014-03-03.
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604:takeover offer
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32:Israel Ticona
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1441:
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1397:(Crown 2010)
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1349:. Retrieved
1347:. 1999-03-25
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521:, a part of
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296:Total equity
277:Total assets
234:10.9 billion
169:Headquarters
114:US1508701034
67:Company type
1816:SEC filings
1201:October 31,
783:sorbic acid
777:Nutrinova,
719:acetic acid
643:natural gas
432:World War I
365:acetic acid
361:Fortune 500
186:Area served
132:Celanese AG
129:Predecessor
97:S&P 500
1864:Categories
1703:2022-02-14
1627:2020-09-05
1603:2024-02-01
1496:2024-04-10
1486:"60680466"
1457:2012-04-23
1379:2020-09-05
1351:2019-11-25
1324:2019-11-21
1297:2019-11-21
1270:2017-08-25
1235:2020-09-06
1174:2020-09-05
1106:2020-09-06
1081:2020-09-06
1051:2020-09-06
982:2020-09-05
932:2020-09-05
844:References
575:Grupo Xtra
381:Clear Lake
359:. It is a
260:Net income
196:Key people
1801:Bloomberg
1697:FoodTalks
1667:(Italian)
1567:cite book
1518:(29): 8.
1422:, p. 205.
1230:0362-4331
1145:0009-2347
1046:0190-8286
814:feedstock
767:Nutrinova
757:in 2016.
662:Shell Oil
586:Frankfurt
555:in 1986.
547:Celanese
507:Saul Bass
485:architect
397:Singapore
391:, one on
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907:Contacts
697:Products
666:US Brass
637:to make
549:spun off
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385:Pasadena
383:area of
326:celanese
121:Industry
1811:Reuters
891:Apr 10,
861:SEC.gov
798:linings
773:), the
743:plastic
639:ethanol
635:process
567:Houston
560:Hoechst
553:Celgene
523:Invista
411:History
401:Nanjing
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321:Website
222:Revenue
159:Founder
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190:Global
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1264:(PDF)
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753:, in
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389:Texas
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1752:ISBN
1573:link
1555:OCLC
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