Celanese Corp. (CE) Tops Q3 EPS by 6c
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Celanese Corporation Reports Third Quarter Earnings; Maintains 2016 Outlook
October 17, 2016 4:45 PM EDTDALLAS--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today reported third quarter 2016 GAAP diluted earnings per share of $1.83 and adjusted earnings per share of $1.67, both third quarter records. These impressive results were driven by the strength of our operating models in both Materials Solutions and the Acetyl Chain as well as our consistent focus on productivity. In Advanced Engineered Materials, we drove strong year over year growth by continuing the momentum of our engineered materials opportunity pipeline, where we engage closely with our customers and meet their... More
Celanese to Acquire SO.F.TER. Group
October 17, 2016 4:30 PM EDTDifferentiated acquisition will multiply Celanese's global engineered materials leadership position
DALLAS & FORLI, Italy--(BUSINESS WIRE)-- Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today announced it has signed a definitive agreement to acquire the Forli, Italy based SO.F.TER. Group, one of the worlds largest independent thermoplastic compounders. Celanese will acquire SO.F.TER. Groups comprehensive product portfolio of engineering thermoplastics (ETPs), thermoplastic elastomers (TPEs), as well as all customer agreements and all manufacturing, technology and commercial facilities.
The acquisition will nearly double the... More
