Celanese Declares Force Majeure Due To Supply Interruptions
May 17, 2022
The company confirms a declaration of force majeure for acetyl chain and acetate tow products to its customers in the Western Hemisphere.
Global chemical and specialty materials company Celanese Corporation confirms a declaration of force majeure for the following acetyl chain and acetate tow products to its customers in the Western Hemisphere:
Acetic acid
Vinyl acetate monomer (VAM)
Ethyl acetate
Acetic anhydride
Vinyl and acrylic emulsions
Redispersible powders
Acetate tow
The force majeure declaration comes as a result of unanticipated interruptions in raw material supply in the Texas Gulf Coast and Celanese is continuing to assess the regional and global impact of these interruptions, according to a press release issued by the company. Celanese says it cannot provide any specific details or timing of the full impact to customers. The company states in the press release that it regrets the impact this will have on customers and will stay in close communication to minimize the impact of this event.
At this time, the company reportedly does not anticipate a material impact from this force majeure declaration to its financial outlook for the second quarter of 2022.
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