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Celanese Acquires Two DuPont Polymer Lines

Celanese Acquires Two DuPont Polymer Lines

The Advanced Engineered Materials business of Celanese Corp. is acquiring two product lines from DuPont Performance Polymers: DuPont(TM) Zenite(R) liquid crystal polymer (LCP) and Thermx(R) polycyclohexylene-dimethylene terephthalate (PCT).

"This acquisition will continue to build upon Celanese's position as a global supplier of high-performance materials and technology-driven applications as we continue to expand our innovative offerings in growth-oriented segments to support our customers," says David Weidman, chairman and CEO, Celanese. "These two products broaden the company's Ticona Engineering Polymers offerings, enabling Celanese to respond to a globalizing customer base, especially in the high growth electrical and electronics application segments."

"As the leading supplier of high-performance engineering resins, DuPont Performance Polymers is fully committed to growing and strengthening its broad product portfolio," says Diane Gulyas, president, DuPont Performance Polymers. "DuPont Performance Polymers has concluded that this opportunity to divest Zenite LCP and Thermx PCT is in the best long-term interests of our portfolio and customers. We will work closely with Celanese to make the transition period as effective as possible for our customers."

Revenues of Zenite LCP and Thermx PCT were approximately $40 million in 2009 during a period of global economic recessionary conditions. The acquisition price was not disclosed.

Liquid-crystal polymers (LCPs) are aromatic polyester polymers that are highly resistant to fire.

They are increasingly important in electronic devices as a replacement for halogenated plastic compounds. Many global manufacturers are discontinuing the use of halogenated compounds in their products in favor of more environmentally friendly components.

LCPs are used in switches, connectors, memory module sockets, in-play consoles, laptops, televisions and mobile phones, and other electrical and electronics devices.

Ticona, the engineering polymers business of Celanese Corp., produces and markets a broad range of high-performance products, and posted net sales of $808 million in fiscal 2009.

Acquisition of Dupont's Zenite business gives Ticona a strong market position, combining two of the three leading global producers. The third is Solvay Advanced Polymers, which sells Xydar LCP. Two other producers are Sumitomo and Polyplastics.

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