{"id":933405,"date":"2026-02-02T17:35:05","date_gmt":"2026-02-02T22:35:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/celanese-completes-divestiture-of-micromax-business\/"},"modified":"2026-02-02T17:35:05","modified_gmt":"2026-02-02T22:35:05","slug":"celanese-completes-divestiture-of-micromax-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/celanese-completes-divestiture-of-micromax-business\/","title":{"rendered":"Celanese Completes Divestiture of Micromax\u00ae Business"},"content":{"rendered":"

<\/p>\n

Celanese Completes Divestiture of Micromax\u00ae<\/sup> Business<\/b><\/p>\n

DALLAS–(BUSINESS WIRE<\/a>)–
\nCelanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced that it has completed the divestiture<\/a> of the Micromax\u00ae business to Element Solutions Inc (NYSE: ESI). Celanese received approximately $500 million in cash from the transaction, and the proceeds will be deployed to support the Company\u2019s deleveraging efforts.<\/p>\n

\n\u201cWe are pleased to have completed the divestiture of the Micromax business in a value-accretive way that strengthens our balance sheet,\u201d said Scott Richardson, President and Chief Executive Officer of Celanese. \u201cThis transaction represents our commitment to advancing our strategic priorities of cash generation and deleveraging, while enabling the Micromax team to continue building on its strong foundation as part of Element Solutions.\u201d<\/p>\n

About Celanese<\/i><\/b><\/p>\n

Celanese<\/i><\/a> is a global leader in chemistry, producing specialty material <\/i>solutions<\/i><\/a> used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support <\/i>sustainability<\/i><\/a> by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company that employs more than 11,000 employees worldwide with 2024 net sales of $10.3 billion.<\/i><\/p>\n

Forward-Looking Statements<\/i><\/b><\/p>\n

This release may contain \u201cforward-looking statements,\u201d which include information concerning the company\u2019s plans, objectives, goals, strategies, future revenues, cash flow, deleveraging efforts, financial condition and other information that is not historical information. When used in this release, the words \u201cexpects,\u201d \u201canticipates,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cbelieves,\u201d \u201cwill,\u201d 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\u2019s control, could cause actual results to differ materially from those expressed as forward-looking statements. These factors include those that are discussed in the company\u2019s 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.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260202983594\/en\/<\/a><\/span><\/p>\n

Celanese Contacts:<\/b><\/p>\n

Investor Relations
\n<\/b>
Bill Cunningham
\n
+1 972 443 4730
\n
william.cunningham@celanese.com<\/a><\/p>\n

Media Relations \u2013 Global
\n<\/b>
Jamaison Schuler
\n
+1 972 443 4400
\n
media@celanese.com<\/a><\/p>\n

Media Relations Europe
\n<\/b>
Petra Czugler
\n
+49 69 45009 1206
\n
petra.czugler@celanese.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Other Manufacturing Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Celanese Completes Divestiture of Micromax\u00ae Business DALLAS–(BUSINESS WIRE)– Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced that it has completed the divestiture of the Micromax\u00ae business to Element Solutions Inc (NYSE: ESI). Celanese received approximately $500 million in cash from the transaction, and the proceeds will be deployed to support the Company\u2019s deleveraging efforts. \u201cWe are pleased to have completed the divestiture of the Micromax business in a value-accretive way that strengthens our balance sheet,\u201d said Scott Richardson, President and Chief Executive Officer of Celanese. \u201cThis transaction represents our commitment to advancing our strategic priorities of cash generation and deleveraging, while enabling the Micromax team to continue building on its strong foundation as part of … <\/p>\n

Continue reading “Celanese Completes Divestiture of Micromax\u00ae Business”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-933405","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCelanese Completes Divestiture of Micromax\u00ae Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/celanese-completes-divestiture-of-micromax-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Celanese Completes Divestiture of Micromax\u00ae Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Celanese Completes Divestiture of Micromax\u00ae Business DALLAS–(BUSINESS WIRE)– Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced that it has completed the divestiture of the Micromax\u00ae business to Element Solutions Inc (NYSE: ESI). Celanese received approximately $500 million in cash from the transaction, and the proceeds will be deployed to support the Company\u2019s deleveraging efforts. \u201cWe are pleased to have completed the divestiture of the Micromax business in a value-accretive way that strengthens our balance sheet,\u201d said Scott Richardson, President and Chief Executive Officer of Celanese. \u201cThis transaction represents our commitment to advancing our strategic priorities of cash generation and deleveraging, while enabling the Micromax team to continue building on its strong foundation as part of … Continue reading "Celanese Completes Divestiture of Micromax\u00ae Business"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/celanese-completes-divestiture-of-micromax-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-02T22:35:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260202983594r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celanese-completes-divestiture-of-micromax-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celanese-completes-divestiture-of-micromax-business\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Celanese Completes Divestiture of Micromax\u00ae Business\",\"datePublished\":\"2026-02-02T22:35:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celanese-completes-divestiture-of-micromax-business\\\/\"},\"wordCount\":491,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celanese-completes-divestiture-of-micromax-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20260202983594r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celanese-completes-divestiture-of-micromax-business\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/celanese-completes-divestiture-of-micromax-business\\\/\",\"name\":\"Celanese Completes Divestiture of Micromax\u00ae Business - 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