Industry News

Celanese to Raise Prices on Polyvinyl Alcohol

Published on 2006-09-04. Author : SpecialChem

DALLAS -- Celanese Chemicals, a global leader in the manufacture and marketing of polyvinyl alcohol (PVOH), announced that it will increase the price of all Celvol, Celvol E and Celvol SP grades of PVOH in North America, South America, Europe and Asia by 7 percent. The increase will be effective Oct. 1, 2006, or as contracts allow.

According to Scott Neuheardt, PVOH Commercial Director, the price increase is due in significant part to continuing and sustained increases in energy and raw material costs. "Celanese is committed to our customers and the markets they serve. We will continue to support them with the highest caliber products and technical expertise," Neuheardt said.

About the Emulsions & PVOH Business of Celanese

The Emulsions & PVOH business of Celanese is a global leader in the development and application of polymer emulsion and PVOH technology to improve performance, create value and drive innovation in a broad range of industrial and consumer end-use applications including adhesives, coatings, engineered fabrics, glass fibers, paper, textiles and more. The business has 14 manufacturing facilities and seven R&D Centers of Excellence in North America, Europe and Asia.

About Celanese

As a global leader in the chemicals industry, Celanese Corporation (NYSE:CE - News) makes products essential to everyday living. Our products, found in consumer and industrial applications, are manufactured in North America, Europe and Asia. Net sales totaled $6.1 billion in 2005, with approximately 60% generated outside of North America. Known for operational excellence and relentless execution of its business strategies, Celanese delivers value to customers around the globe with innovations and best-in-class technologies. Based in Dallas, Texas, the company employs approximately 9,300 employees worldwide.

Source: Celanese Chemicals

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