Celanese optimizes production network in Asia
Celanese Corporation announced a critical production network optimization step in support of the “Grow & Fortify” strategy of its Engineered Materials business. The network optimization will result in the closure of Celanese’s Engineered Materials compounding facility in Ulsan, South Korea.
Celanese is planning to cease all manufacturing and production operations at the Ulsan facility immediately. The production volumes from the Ulsan facility will be transferred to Celanese’s Nanjing and Shenzhen plants in China, and to its plant in Silvassa, India.
The company intends to fully support its customers to fulfill all contractual obligations and ensure a smooth transition of production and compounding activities to other Celanese manufacturing locations in the region.
Celanese is undertaking these actions to fortify the operating structure of its Engineered Materials business, while optimizing the company’s cost and manufacturing production footprint to leverage its world-class compounding assets in Shenzhen, Nanjing and Silvassa. These actions are also expected to strengthen the company’s regional supply chain network.
Over the past several years, Celanese has taken significant measures to ensure reliability of supply by investing in world-class compounding assets globally and by working to provide its customers with engineered materials products of superior quality, performance and reliability.
