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2006-10-01 News Release

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Chemicals industry leader to purchase acetate products biz

The addition of the cellulose acetate flake, tow and film activities of APL will further improve the productivity of this global leader in the chemicals industry.

Celanese Corporation (NYSE:CE) announces that it has signed an agreement to purchase the business of Acetate Products Limited (APL), the cellulose acetate flake, tow and film, and acetic anhydride activities of Corsadi BV. The transaction is subject to regulatory approvals and other customary conditions. Details of the purchase agreement were not disclosed.

Find Information and Suppliers of Acetate Products.

This disposal forms part of the Corsadi divestment strategy, based on what is in the long-term interest of its individual businesses and therefore employees.

The acquisition will broaden the reach of Celanese’s acetate products business and add balance to its global product supply. With approximately 750 employees and sales revenue of about $230 million in 2005, APL operates two manufacturing facilities in the United Kingdom that produce acetate flake, tow and film. “This strategic acquisition will enhance our acetate production integration and supply capabilities, particularly in Europe,” said Douglas Madden, president of Celanese Acetate LLC. “The addition of the APL business will further improve the productivity of the Celanese Acetate products network and provide an even more cost-efficient and reliable supply to our customers globally.”

APL supplies cellulose acetate filter tow to major tobacco companies throughout the world for the production of filter tipped cigarettes.

Corsadi is a holding company comprising an international group of independent businesses, operating worldwide as leading suppliers of man-made fibres for industrial and textile applications.

Acetate products are used in a range of applications in the tobacco, textile and packaging industries.

Celanese is an integrated global producer of value-added industrial chemicals.

Find more information about Celanese Corporation.

Read a recent press release about - Ticona, part of the Celanese group, declares force majeure on GUR UHMW-PE products, that are distinctive and useful high viscosity polymers, manufactured in Europe.

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