Celanese Corporation is a global chemical and specialty materials company. It is a leading producer of high-performance engineered polymers and one of the world's largest producers of acetyl products. The company engineers and manufactures a wide variety of products essential to everyday living, serving diverse end-use applications including automotive, chemical additives, construction, consumer and industrial adhesives, medical, consumer electronics, energy storage, filtration, paints and coatings, paper and packaging, industrial applications and textiles. Celanese's products enjoy leading global positions due to its differentiated business models, large global production capacity, operating efficiencies, proprietary technology and competitive cost structures.

• Employees: 12,410 (as of December 31, 2023)
• Geographic Footprint: Primarily located in North America, Europe and Asia
• Headquarters: Irving, Texas
• Founded: 1918
• Number of locations/facilities: 58 global production facilities and 20 strategic affiliate production facilities
• Revenue: $10.94 billion (FY2023)
• Key Subsidiaries/Brands: Celanex, Crastin, Melinex, Mylar, Thermx, Rynite, GUR, Celstran, Factor, Vectra, Zenite, Forprene, Sofprene, Laprene, Hytrel, Santoprene, Dytron, Geolast, Vamac, Polifor, Tecnoprene, and VitalDose

• CEO: Lori J. Ryerkerk
• CFO: Chuck B. Kyrish
• COO: Scott A. Richardson
• Other Key Executives: Thomas F. Kelly (Senior Vice President, Engineered Materials), Mark C. Murray (Senior Vice President, Acetyls), Ashley B. Duffie (Senior Vice President and General Counsel)

Lori J. Ryerkerk has served as CEO since May 2019 and was named Chair of the Board in April 2020. Scott A. Richardson was named COO in November 2023, previously serving as CFO since February 2018. Chuck B. Kyrish was named CFO in November 2023, previously serving as Vice President of Corporate Finance since April 2022.

• Annual Revenue: $10.94 billion (FY2023)
• Net Income: $1.96 billion
• Total Assets: $26.597 billion
• Employees: 12,410 (as of December 31, 2023)
• Key Financial Highlights: Net sales increased by 13% and operating profit increased by 22% compared to the prior year.

Celanese offers a wide array of products across two main segments:

• Engineered Materials: Includes nylon compounds, high-temperature nylons, polyoxymethylene (POM), polyethylene terephthalate (PET), polybutylene terephthalate (PBT), ultra-high molecular weight polyethylene (UHMW-PE), long-fiber reinforced thermoplastics (LFRT), liquid crystal polymers (LCP), thermoplastic elastomers (TPE), thermoplastic vulcanizates (TPV), polypropylene compounds, polyphenylene sulfide (PPS), ethylene vinyl acetate (EVA) pharmaceutical grade copolymers, and ethylene acrylic elastomers (EAE).
• Acetyl Chain: Includes acetic acid, vinyl acetate monomer (VAM), vinyl acetate ethylene (VAE) emulsions, conventional emulsions, ethylene vinyl acetate (EVA) resins and compounds, low-density polyethylene resins (LDPE), redispersible powders (RDP), acetic anhydride, ethyl acetate, formaldehyde, butyl acetate, acetate tow, and acetate flake.

Celanese operates primarily through two business segments:

• Engineered Materials: Focuses on high-performance specialty polymers for various applications. In FY2023, this segment's net sales were $6.149 billion.
• Acetyl Chain: Focuses on acetyl products and related chemicals. In FY2023, this segment's net sales were $4.884 billion.

Celanese's strategy focuses on growth and value creation through differentiated business models, operational excellence, and customer partnerships. Key strategic initiatives include:

• Leveraging a project pipeline model to rapidly commercialize projects in the Engineered Materials segment.
• Focusing on integration, collaboration, and maximization of value creation through a global optionality and integrated chain model in the Acetyl Chain segment.
• Enhancing the ability to drive incremental value through its global production network and productivity initiatives.
• Developing products to help customers meet sustainability goals, including increasing the use of biocertified content or recycled feedstocks.

Celanese operates in the global chemical and specialty materials industry. Key market trends affecting the business include:

• Growing global demand for more sophisticated vehicles, elevated environmental considerations, increased global connectivity, and improved health and wellness.
• Increasing demand for sustainable and circular solutions, including low-carbon methanol.

Major competitors include Anhui Jinhe Industrial Co., Ltd., Ascend Performance Materials LLC, BASF SE, Daicel Corporation, DOMO Chemicals, E. I. du Pont de Nemours and Company, Kingfa Science and Technology, Korea Petrochemical Ind. Co., Ltd, Envalior GmbH, SABIC Innovative Plastics, and Solvay S.A. The company holds leading global positions due to its differentiated business models, large global production capacity, operating efficiencies, proprietary technology and competitive cost structures.

• Market Risks: Exposure to general economic, political and regulatory conditions, increased volatility in prices and availability of raw materials and energy, and competition.
• Operational Risks: Disruptions in production at manufacturing facilities or suppliers, difficulties in achieving intended benefits from acquisitions, and potential product liability claims.
• Financial Risks: Increased indebtedness and interest expense, exposure to global exchange rate fluctuations, and the risk of significant charges in the event of plant closures or divestitures.
• Regulatory Risks: Failure to comply with applicable laws and regulations, including environmental, health and safety laws, and potential legal and regulatory proceedings.