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Home > Company Index > Chemicals > Plastics & Fibers > Celanese AG

Celanese AG
NYSE: CZ
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 NEWS FROM THE STANDARD
Supply-Side Economics
May 08 2000 12:00 AM PDT

 PROFILE
Celanese operates the chemical, acetate, and polymer businesses spun off by Hoechst (now Aventis). Celanese's acetyl products (40% of sales) include acetic acid and vinyl acetate monomer for chemical and pharmaceutical product use. The chemical intermediates unit makes acrylic acid, acrylates, and organic solvents for the paint and coatings, agrochemical, hygiene, and textiles industries. The acetate products unit makes filaments for use in fashion apparel, linings, and acetate tow (for filters). The Ticona unit makes technical polymers for the electronics and auto industries. Celanese's performance products unit makes polypropylene films and food additives. Kuwait Petroleum Corporation owns about 30% of Celanese.

 COMPETITION
BASF Aktiengesellschaft (BF)
Methanex Corporation (MEOH)
Millennium Chemicals Inc. (MCH)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 4,904.00
1-Yr. Sales Growth: 12.8%
Employees: 13,200
Revenue per employee: $371,515.15

 KEY PEOPLE
• Claudio Sonder
    CEO
• Perry W. Premdas
    CFO

 CONTACT INFO
Frankfurtsstrause 111
61476 Kronbergamustaunse, Germany
Phone: 49-69-305-4888
Fax: 49-69-315-605
Online: Web Site

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