NYSE:CEChemicals
How Steep Losses and Lanaken Closure at Celanese (CE) Have Changed Its Investment Story
Celanese Corporation recently reported third-quarter earnings, disclosing sales of US$2,419 million and a net loss of US$1.36 billion compared to net income of US$113 million in the same period last year.
The earnings release followed news of Celanese’s intention to close its acetate tow facility in Lanaken, reflecting broader cost optimization efforts in response to ongoing demand and regulatory pressures.
We'll explore how the significant net loss and site closure reshape Celanese's...