Ticona Raises Polyester Pricing
Florence, Ky., November 1, 2005 - Ticona, the engineering polymers business of Celanese Corporation, has announced a price increase of $0.05/lb. for its Celanex polybutylene terephthalate, Impet polyethylene terephthalate, Vandar thermoplastic polyester blends and Riteflex® thermoplastic elastomer. The increase applies in the Americas to shipments beginning December 1, 2005.
"The rapidly rising costs of energy, packaging and transportation in the U.S. give us little choice but to increase the price of our polyester products again," says Tony O'Driscoll, Director of Sales. "We'd also expected the cost structure for hydrocarbons to settle to more reasonable levels after the recent Gulf Coast hurricanes. This has not happened. In fact many materials our industry relies on are still on forced allocation. The increase we are now putting in place will help us recover a portion of these additional processing and ancillary costs."
About Ticona and Celanese
Ticona Technical Polymers is one of the businesses of Celanese Corporation. Ticona produces and markets a broad range of engineering polymers and achieved sales of $863 million in 2004. Ticona has approximately 2,000 employees at production, compounding and research facilities in the USA, Germany and Brazil. For further information, visit www.ticona.com.
Celanese Corporation (NYSE:CE) is an integrated global producer of value-added industrial chemicals with 2004 sales of $ 5 billion. Based in Dallas, Texas, the company holds #1 or #2 market positions in products comprising the majority of its sales and has four major businesses: Chemicals Products, Technical Polymers Ticona, Acetate Products and Performance Products. Celanese has 29 production plants, with major operations in North America, Europe and Asia. For further information, visit www.celanese.com.
