Trade Celanese - CE CFD

Celanese Company profile

About Celanese Corporation

Celanese Corporation is a global chemical and specialty materials company. The Company is a producer of engineered polymers that are used in a variety of applications. The Company’s segments include Engineered Materials, Acetate Tow and Acetyl Chain.The Engineered Materials segment develops, produces and supplies a range of specialty polymers for automotive and medical applications, as well as industrial products and consumer electronics. The Acetate Tow segment is a global producer and supplier of acetate tow and acetate flake, primarily used in filter products applications. The Acetyl Chain segment includes the integrated chain of intermediate chemistry, emulsion polymers, ethylene vinyl acetate (EVA) polymers and redispersible powders (RDP) businesses. Its products include Polyoxymethylene, Ultra-high molecular weight polyethylene, Polybutylene terephthalate, Long-fiber reinforced thermoplastics, Acetic acid, Formaldehyde, Butyl acetate, Acetate tow, Acetaldehyde, and Acetate flake.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Celanese Corporation revenues increased 51% to $8.54B. Net income before extraordinary items decreased 4% to $1.91B. Revenues reflect Acetyl Chain segment increase of 69% to $5.31B, Engineered Materials segment increase of 31% to $2.72B, Germany segment increase of 46% to $2.68B, China segment increase of 83% to $1.62B, Singapore segment increase of 92% to $1.2B.

Equity composition

Common Stock $.0001 Par, 06/11, 400M auth., 178,886,161 issd., less 22,543,031 shs. in Treas. @ $842M. Insiders control 0.54%. IPO: 1/05, 50M shares @ $16 byMorganStanley. Preferred Stock $0.01 Par, 100,000,000 shares authorised., none issd.