-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UjawORk/PH9AEBvoPodoMB/JW5GDfsGTufBlwD4sP+SxfFKuTTI2otRR8R8piL+G Cl/lcMyyqSB/Yig1/Z5wQQ== 0000950134-09-000771.txt : 20090121 0000950134-09-000771.hdr.sgml : 20090121 20090121093123 ACCESSION NUMBER: 0000950134-09-000771 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090119 ITEM INFORMATION: Material Impairments ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090121 DATE AS OF CHANGE: 20090121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Celanese CORP CENTRAL INDEX KEY: 0001306830 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] IRS NUMBER: 980420726 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32410 FILM NUMBER: 09535871 BUSINESS ADDRESS: STREET 1: 1601 W. LBJ FREEWAY CITY: DALLAS STATE: TX ZIP: 75234 BUSINESS PHONE: 972-443-4000 MAIL ADDRESS: STREET 1: 1601 W. LBJ FREEWAY CITY: DALLAS STATE: TX ZIP: 75234 FORMER COMPANY: FORMER CONFORMED NAME: Blackstone Crystal Holdings Capital Partners (Cayman) IV Ltd. DATE OF NAME CHANGE: 20041022 8-K 1 d65977e8vk.htm FORM 8-K e8vk
 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  January 19, 2009
CELANESE CORPORATION
(Exact Name of Registrant as specified in its charter)
         
DELAWARE   001-32410   98-0420726
         
(State or other jurisdiction
of incorporation)
  (Commission File
Number)
  (IRS Employer
Identification No.)
1601 West LBJ Freeway, Dallas, Texas 75234-6034
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (972) 443-4000
Not Applicable
(Former name or former address, if changed since last report):
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 2.06   Material Impairments
     On January 19, 2009, Celanese Corporation (the “Company”) concluded that certain fixed production assets were impaired during the fourth quarter of 2008 associated with the potential closure of the Company’s acetic acid and vinyl acetate monomer (VAM) production facility in Pardies, France, and its VAM production unit in Cangrejera, Mexico and certain other actions the Company is considering. The non-cash charge related to the impairment of fixed assets is in the range of $90 to $100 million.
     The Company anticipates that approximately $6 million of this impairment charge will be future cash expenditures.
Item 8.01   Other Events
     On January 21, 2009, the Company issued a press release announcing that it was assessing the potential closure of acetic acid and VAM production in Pardies, France and VAM production in Cangrejera, Mexico. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01   Financial Statements and Exhibits.
     (d) Exhibits
         
Exhibit Number   Description
       
 
99.1      
Press Release dated January 21, 2009

 


 

SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  CELANESE CORPORATION
 
 
  By:   /s/ Miguel A. Desdin    
    Name:   Miguel A. Desdin   
    Title:   Vice President and Controller   
         
         
Date: January 21, 2009         

 


 

         
Exhibit Index
         
Exhibit Number   Description
       
 
  99.1    
Press Release dated January 21, 2009

 

EX-99.1 2 d65977exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
(CELANESE LOGO)
    Celanese
    1601 West LBJ Freeway
    P.O. Box 819005
    Dallas, TX, 75234, USA
Celanese To Assess Realignment of
Acetyl Intermediates Production in France and Mexico
DALLAS, January 21, 2009 — Celanese Corporation (NYSE:CE), a leading global chemical company, today announced it is assessing the potential closure of acetic acid and vinyl acetate monomer (VAM) production in Pardies, France, and assessing the potential closure of VAM production in Cangrejera, Mexico. The company believes the consideration of this potential capacity reduction is necessitated by the significant change in the global economic environment and anticipated lower customer demand.
The company will begin the assessment phase for a potential closure of its Pardies, France, manufacturing facility. The Pardies facility is capable of producing 450,000 tons of acetic acid and 150,000 tons of VAM annually.
Additionally, the company will begin the assessment phase for a potential closure of its VAM production unit at its Cangrejera, Mexico, facility. This production unit has an annual production capacity of 115,000 tons.
Should the assessment lead to the closure of these production facilities, the company expects to meet customer obligations with production from its other facilities in Europe, North America and Asia.
All potentially affected employees would be treated fairly and according to respective country laws and practices.
“We are evaluating, along with other possible actions, the best means to align production capacity and worldwide staffing with anticipated prolonged lower demand.” said David Weidman, chairman and chief executive officer. “The company is focused on meeting customer needs while maintaining our global competitive leadership position in Acetyls.”
         
Contacts:        
         
Investor Relations   Media — North America   Media — Europe
Mark Oberle   Travis Jacobsen   Jens Kurth
Phone: +1 972 443 4464   Phone: +1 972 443 3750   Phone: +49 69 305 7137
Mark.Oberle@celanese.com   William.Jacobsen@celanese.com   J.Kurth@celanese.com

 


 

About Celanese
As a global leader in the chemicals industry, Celanese Corporation makes products essential to everyday living. Our products, found in consumer and industrial applications, are manufactured in North America, Europe and Asia. Net sales totalled $6.4 billion in 2007, with over 70% generated outside of North America. Known for operational excellence and execution of its business strategies, Celanese delivers value to customers around the globe with innovations and best-in-class technologies. Based in Dallas, Texas, the company employs approximately 8,400 employees worldwide. For more information on Celanese Corporation, please visit the company’s website at www.celanese.com.
Forward-Looking Statements
This release may contain “forward-looking statements,” which include information concerning the company’s plans, objectives, goals, strategies, future revenues or performance, capital expenditures, financing needs and other information that is not historical information. When used in this release, the words “outlook,” “forecast,” “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements contained in this release. Numerous factors, many of which are beyond the company’s control, could cause actual results to differ materially from those expressed as forward-looking statements. Certain of these risk factors are discussed in the company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.

 

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