Celanese and Setsunan to Enter Compounding Agreement

DALLAS & TOKYO--(BUSINESS WIRE)--

Celanese Japan Limited, a wholly owned subsidiary of Celanese Corporation CE, a global technology and specialty materials company, and Setsunakasei Co. Ltd. (Setsunan) of Osaka, Japan, have signed a letter of intent to pursue an agreement whereby Setsunan will compound Celanese engineered polymers in Setsunan's facilities in Japan.

“Setsunan has strong compounding capabilities and can meet the technical and specification requirements of our customers,” said Hajime Suzuki, president of Celanese Japan Ltd. “Our agreement with Setsunan will further enable Celanese to position our world-class engineered materials portfolio to our key customers in Japan to meet their local requirements.”

“With more than 50 years of global technical and application development expertise in engineered materials, Celanese is uniquely positioned to help Japanese customers develop innovative products and solutions to meet their design and operational challenges,” said Isaac Khalil, global business director for the engineered materials business of Celanese.

Celanese engineered polymers are very versatile and are used in a wide array of applications across many industries, including automotive, consumer and industrial segments. These polymers may be processed by injection molding, extrusion, compression molding, rotational casting or blow molding. The polymer can be modified with glass fibers, minerals, conductive fillers, lubricants, pigments and many other additives to enhance the functionality for diverse end-use customer applications.

About Celanese

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. With sales almost equally divided between North America, Europe and Asia, the company uses the full breadth of its global chemistry, technology and business expertise to create value for customers and the corporation. Celanese partners with customers to solve their most critical needs while making a positive impact on its communities and the world. Based in Dallas, Texas, Celanese employs approximately 7,400 employees worldwide and had 2013 net sales of $6.5 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.

All trademarks indicated above are owned by Celanese International Corporation or its affiliates.

Forward-Looking Statements

This release may contain “forward-looking statements,” which include information concerning the company's plans, objectives, goals, strategies, future revenues or performance, and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “may,” “can,” “could,” “might,” “will” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company will realize these expectations or that these beliefs will prove correct, including that the proposed compounding arrangement will be consummated or will operate on the schedule or with the terms or results desired by the company. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements contained in this release. These risks and uncertainties include, among other things: changes in general economic, business, political and regulatory conditions; changes in the price and availability of raw materials; the ability to improve productivity by implementing technological improvements; increased price competition and the introduction of competing products by other companies; market acceptance of our technology; the ability to obtain governmental approvals and to construct facilities on terms and schedules acceptable to the company; unavailability of required materials and equipment; unanticipated operational or commercial difficulties, including failure of facilities or processes to operate in accordance with specifications or expectations; the ability to achieve and maintain plant utilization; ability of third parties, including our commercial partners, suppliers or others, to comply with their commitments to us; changes in the degree of intellectual property and other legal protection afforded to our products or technology, or the theft of such intellectual property; compliance and other costs and potential disruption or interruption of production or operations due to accidents, cyber security incidents, terrorism or political unrest or other unforeseen events or delays in construction or operation of facilities, including the occurrence of acts of war or terrorist incidents or as a result of weather or natural disasters; potential liability for remedial actions and increased costs under existing or future environmental regulations, including those relating to climate change; potential liability resulting from pending or future litigation, or from changes in the laws, regulations or policies of governments or other governmental activities in the countries in which we operate; changes in currency exchange rates and interest rates; and various other factors discussed from time to time in the company's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.