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February 7, 2014
09:01 EDTCECelanese increases share repurchase authorization to $400M
Celanese announced that the company’s board of directors increased its share repurchase authorization to $400M. As of December 31, 2013, the company had $228M remaining under its previous authorizations. The authorization gives management discretion in determining the timing and conditions under which shares may be repurchased. "Increasing our share repurchase authorization reflects the confidence we have in our business and its ability to generate strong cash flow," said Mark Rohr, chairman and CEO. "With this authorization, we will continue to pursue our balanced cash deployment strategy, including opportunistic share repurchases, which we expect will drive increased shareholder value."
News For CE From The Last 14 Days
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November 13, 2015
06:04 EDTCECelanese sees adjusted EPS of $8.00-$8.50 by 2018
The company expects to generate $2.5B in free cash flow from 2016-2018. It also expects to generate annual synergies that range from $125M-$150M, while constant focus on productivity initiatives is expected to generate $50M-$100M in net productivity savings annually. Celanese will continue to increase its cash dividend, which has grown 50% compounded annually since 2010, and will continue to repurchase shares under the recently announced $1B share repurchase program. The company will outline in more detail the growth objectives and capital allocation plans at its Investor Day.
November 12, 2015
11:34 EDTCECelanese to host investor day
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November 11, 2015
18:03 EDTCE Celanese to add two industrial grades of PEEK to product portfolio in 2016
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17:32 EDTCECelanese to expand acetic acid and VAM capacity in North America
Celanese will expand acetic acid and vinyl acetate monomer capacity in North America. Celanese will implement a series of low capital debottlenecks in its Clear Lake, Texas, acetic acid facility and expects up to 150kt more product. The current nameplate capacity of the facility is 1,350kt per annum. The debottlenecks will happen in stages over the next several years with the expectation that total U.S. output will have a nameplate capacity of more than 1,500kt per annum by 2016. Celanese has also begun work on a 150kt expansion of its Clear Lake, Texas, VAM facility raising plant capacity to 450kt. The expansion will be complete in 2018.

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