Celanese　

米ブラックストーン、独セラニーズ買収を最終決定　

　　Blackstone sells its remaining stake of Celanese

　　　2004年に化学品のセラニーズを16億7000億ドルで買収したブラックストーンは、セラニーズ株を上場させた後、
　　 株価上昇に伴い徐々に保有株を売却、2007/5　完全離脱。 　経緯

Celanese　http://www.celanese.com/home_e.html　　 History　　　　

Celanese to Build Acetic Acid Plant in China

European Commission clears Celanese-Degussa oxo alcohols JV

Dow Chemical to acquire Celanese acrylics business

Ticona　　　セラニーズAGのエンジニアリングプラスチックス事業担当

中国におけるＰＯＭ製造合弁会社設立　三菱ガス化学/ポリプラスチック/Ticona

The Blackstone Group agreed to acquire Celanese AG

米ブラックストーン、独セラニーズ買収を最終決定

　　　2006/12　Celanese Reaches Agreement to Acquire Celanese AG Minority Shares

Celanese Parent Signs Agreement to Acquire Acetex Corporation

Celanese Announces Acquisition of Emulsion Polymer Business from ICI

Celanese to Build Emulsions Plant in China

ダイセルとポリプラスチックス、チコナ社の環状オレフィン・コポリマー事業買収

Acetic acid projects in Nanjing: BP vs. Celanese

Celanese to Construct World-Scale Vinyl Acetate Monomer Plant in China

Celanese Brings Suit Against Saudi Arabian Acetyls Company

Celanese Signs Agreement to Sell Oxo Products and Derivatives Businesses to Advent International

Ticona selects Nanjing, China, for new ultra-high molecular weight PE plant

Ticona Selects Nanjing for Celstran Long-Fiber Reinforced Thermoplastic Plant

Ticona to create new Customer Application Development Center in Shanghai

Celanese starts up acetic acid project in Nanjing

Celanese Selects Frankfurt-Hoechst Industrial Park as Site for Ticonas Kelsterbach Relocation

Celanese Opens Integrated Chemical Complex in Nanjing

Ticona adds compounding unit to Nanjing complex

Ticona to Build Vectra LCP Unit at Celanese’s Nanjing Integrated Chemical Complex

Nanjing Industrial Park site 　 600,000 metric-ton acetic acid 　300,000 metric-ton vinyl acetate monomer 　100,000 metric-ton acetic anhydride 無水酢酸 　constructing specialty acetyl derivatives units 　　to produce vinyl acetate ethylene emulsions and conventional emulsion polymers. 　Ticona 　new ultra-high molecular weight PE

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http://www.celanese.com/index/about_index/about_home.htm

Celanese is a global chemical company with leading positions in its key products and world class process technology. The Celanese portfolio consists of four main business segments: Chemical Products, Acetate Products, Technical Polymers Ticona and Performance Products. The Performance Products business consists of Nutrinova sweeteners and food ingredients.

Celanese generated sales of around Euro 4.1 billion in 2003 and has about 9,500 employees. The company has 24 production plants and six research centers in 10 countries mainly in North America, Europe and Asia.

http://www.celanese.com/investor_day_2006_complete_presentation.pdf

2003/3/4 Celanese 　　　　　　　　　　　　　　　　　Acetic acid projects in Nanjing: BP vs. Celanese

Celanese to Build Acetic Acid Plant in China　　　　　　　　　　　Celanese Signs Key Raw Material Contract for Nanjing Site
　　　　http://news.eians.com/wire/2003/03/06/06biz8.html

Celanese AG today announced that it has received Chinese government approval to build a world-scale acetic acid plant in the Jiangsu province. The plant will be located at the Nanjing Chemical Industry Park, Nanjing City, in eastern China.

The facility will have an annual capacity of 600,000 metric tons.

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2007/6/26　Asia Chemical Weekly

Celanese starts up acetic acid project in Nanjing

In mid Jun. 2007, Celanese has started up its 600,000 tonne/year acetic acid project in Nanjing Chemical Industry Park (NCIP), Nanjing , Jiangsu Province.

According to the company, it has passed commercial qualifications and was running successfully at full production rates. Using its self-owned AO plus technology, the total investment for this project is USD 148 million.

Celanese had signed a long-term contract with WISON ( Nanjing ) Chemical Company惠生（南京）化学 for the supply of CO and methanol feedstock. Earlier, Wison has started up its projects of 300,000 tonne/year CO and 200,000 tonne/year methanol in NCIP, and has produced on spec products. Wison uses the clean coal gasification process to produce products and it also plans to expand the methanol capacity to 280,000 ton per year (and to build additional CO plant of 320,000ton per year).

For Celanese, the acetic acid plant is part of a new integrated acetyls complex, which includes a 300,000 tonne/year vinyl acetate monomer (VAM) project scheduled for start-up in late 2007 or 2008.

In 2006, China produced acetic acid around 1.42 million ton and consumed about 2.1 million tone.

なお、同じ南京ケミカルパークで、BPとシノペックの合弁会社BP YPC アセチル（南京）が本年３月２３日に酢酸工場の鍬入れ式を行い、建設を開始した。
BPが50%、シノペック子会社の揚子石化が50%出資するもので、メタノールとCOを原料に、BP Amoco がモンサント技術を基に開発したCativa 法で年産50万トンの酢酸を製造する。
２００５年１１月に設立され、当初は本年下半期のスタートを目標としていたが、建設開始の遅れで、スタートは２００９年上半期となっている。

BPとシノペックは重慶にも酢酸の合弁会社・揚子江アセチル社（Yaraco）を持っている。BP 51%、Sinopec 44%、地元 5%の出資で、当初能力は２０万トンであったが、２００５年１１月に３５万トンに増強している。

January 6, 2004

Blackstone Goes Chemical　　　　　　　　　　　　　　　　　　　　　Friendly Takeover Offer
　　http://www.atofina.com/groupe/gb/f_elf_2.cfm

In yet another high-profile chemicals deal-almost an oxymoron before 2003-The Blackstone Group agreed to acquire Celanese AG in a transaction valued at roughly R3.1 billion, or $3.8 billion.

It was these low multiples that brought Blackstone to the chemical arena in 2003. The Celanese purchase represents its second big-ticket chemical deal, having participated in the $4.3 billion purchase of Ondeo Nalco. Apollo Management and GS Capital Partners also took part in the Ondeo Nalco transaction.

Other chemical deals that occurred last year include: Bain Capital's $983 million LBO of SigmaKalon; Texas Pacific Group's $800 million purchase of Kraton Polymers; Soros Private Equity's $256 million buyout of PolymerLatex; and Arsenal Capital Partners' $65 million acquisition of Rutherford Chemicals.

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December 16, 2003　Blackstone

Blackstone Announces Intention to Launch Friendly Takeover Offer for Celanese AG
　http://www.blackstone.com/news/press_releases/12-16-03.pdf

・Voluntary tender offer of EUR 32.50 per share
・Transaction with an enterprise value of EUR 3.1 billion
・Celanese Management Board and main shareholder KPC support tender offer

Celanese AG’s largest shareholder, Kuwait Petroleum Corporation (“KPC”), holding approximately 29% of the shares of Celanese AG (excluding treasury shares), has undertaken to accept the tender offer.

ブルームバーグニュース 2004/4/1

米ブラックストーン、独セラニーズ買収を最終決定ーＴＯＢ成功で 　　　セラニーズ歓迎

　米投資会社ブラックストーン・グループは１日、株式公開買い付け（ＴＯＢ）が成功したため、接着剤などに使われる酢酸生産最大手、ドイツのセラニーズを16億ユーロ（約2126億円）で買収する計画の完了を最終決定したことを明らかにした。
　セラニーズの株式全体の83.6％を保有する株主が、ブラックストーンの買収提案を受け入れた。

2004/4/2 Celanese

Management welcomes positive outcome of Blackstone takeover offer
83.6% of outstanding Celanese shares tendered
Subsequent acceptance period runs until April 19, 2004 inclusively
http://www.celanese.com/mr_news_fullpage?id=21429

"We are very pleased that the vast majority of shareholders have accepted the offer and that all conditions for the successful conclusion of the takeover have been satisfied", said Celanese AG chairman Claudio Sonder. "Blackstone is an excellent global financial investor and partner for Celanese and has clearly expressed its support and intended continuation of the growth and productivity strategy we have initiated."

Oct 27 2004 Celanese AG

Celanese Parent Signs Agreement to Acquire Acetex Corporation
http://www.celanese.com/mr_news_fullpage?id=22799

Blackstone Crystal Holdings Capital Partners (Cayman) IV Ltd. (BCP Crystal) and Acetex Corporation (Acetex) announced today that they have signed an Arrangement Agreement for BCP Crystal to acquire Acetex in a transaction valued at approximately CDN $600 million (USD $492 million). Under the terms of the Arrangement Agreement, BCP Crystal will acquire all of the issued and outstanding common shares of Acetex for CDN $9.00 (USD $7.38) cash per share. Acetex option and warrant holders are eligible to receive CDN $9.00 cash, less the exercise price of each option or warrant.

Acetex will be operated as part of BCP Crystal’s global Celanese chemicals business.

Acetex with 2003 revenues of USD $484 million and approximately 900 employees worldwide has two primary businesses - its Acetyls Business and the Specialty Polymers and Films Business. The Acetyls business, based in Europe, produces acetic acid, polyvinyl alcohol and vinyl acetate monomer.

Acetex is headquartered in Vancouver, Canada. The Company operates production facilities in France, Spain, and Canada, and sells to customers primarily in Europe, the United States, and Canada. Acetex’s common shares are listed for trading under the symbol “ATX” on The Toronto Stock Exchange, which has neither approved nor disapproved the information contained herein.

Acetex has announced plans for a joint venture for the construction and operation of a USD $1 billion integrated world-scale acetyls facility in Al Jubail, Saudi Arabia. Acetex is proceeding, in conjunction with its partners, with the front-end engineering design for the construction of the plant. The JV partner is National Petrochemical Industrialization Company (TASNEE). The project will benefit from favorable natural gas supply as well as from Acetex's proprietary integration technology. Acetex will own 50% of the acetyls company (acetic acid and VAM) and 25% of the methanol company and expects to enter long-term methanol supply agreements with the joint venture to cover its methanol requirements in Saudi Arabia and Europe.

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Acetex Corporation 　　http://www.acetex.com/100/index.html

Acetex Corporation is Europe's second largest producer of acetic acid and polyvinyl alcohol and third largest producer of vinyl acetate monomer. These chemicals and their derivatives are used in a wide range of applications in the automotive, construction, packaging, pharmaceutical and textile industries. We direct our operations from our corporate head office in Vancouver, Canada and our European head office in Paris, France. Acetex has plants in France and Spain and sales offices throughout Europe. Our shares trade on the Toronto Stock Exchange under the symbol ATX.

On August 5, 2003, Acetex Corporation announced the completion of its amalgamation with AT Plastics Inc.. The AT Plastics business of Acetex develops and manufactures specialty polymers and films products. Specialty polymers are used in the manufacture of a variety of plastics products, including packaging and laminating products, auto parts, adhesives and medical products. The films business focuses on products for the agricultural, horticultural and construction industries.

November 23, 2004 Celanese

Celanese Announces Acquisition of Emulsion Polymer Business from ICI

Celanese announced today that it has agreed to purchase Vinamul Polymers, the emulsion polymer business of National Starch and Chemical Company (NSC), for $208 million, subject to regulatory approvals and other customary conditions. NSC is a subsidiary of Imperial Chemical Industries PLC (ICI).


Emulsion polymers enhance the performance of adhesives, paints and coatings, textiles, paper, building products and other goods. The Vinamul Polymers product line includes vinyl acetate-ethylene (VAE) copolymers, vinyl acetate homopolymers and copolymers, and acrylic and vinyl acrylic emulsions.

2005/7/6 Celanese

Celanese to Build Emulsions Plant in China
http://www.celanese.com/index/mr_index/mr_news/c_news_fullpage-link?id=29639

Celanese Corporation announced today the intention of a strategic investment in the construction of a state-of-the-art Vinyl Acetate Ethylene and Conventional Emulsion Polymer facility in China. The new plant will incorporate the leading technology from the other emulsions plants that Celanese operates around the world. The site selection process is in an advanced stage and the facility is planned to be operational in the first half of 2007.

Celanese made its first emulsions acquisition from Clariant in 2002 and completed the acquisition of the Vinamul emulsions business from ICI in February 2005. Celanese’s global emulsions business has 10 production facilities in Europe and North America and a leading position in its respective markets. The Celanese Emulsions buisness serves a wide variety of markets, including paints and coatings, adhesives, non-wovens, glassfiber, construction, paper, and textiles.

Celanese has been doing business in China since the 1960s and began to establish joint ventures in China in the 1980s. It has long-standing ventures in cellulose acetate and recently established a new polyacetal engineering plastics joint venture site in Nantong. In addition, Celanese operates a trading company in Shanghai and offices throughout the mainland China.

Celanese is currently building a 600,000 metric ton acetic acid plant in the Nanjing Chemical Industry Park in Nanjing, China. The plant will be ready for production in late 2006 or early 2007. The company also recently announced the investment in a world-scale 20,000 ton GUR(R) ultra high molecular weight polyethylene (UHMW-PE) plant in Asia that will be operational in the second half of 2007.

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2002/6/10 Ticona

Ticona Completes 30,000 Ton Plant for GUR(R) Ultra-High Molecular Weight Polyethylene in Bishop, Texas
New Plant to Meet Increased Demand, Provide Manufacturing Efficiencies
http://www.celanese.com/index/mr_index/mr_news/c_news_fullpage-link?id=10288

Ticona, a business of Celanese AG, today announced completion of its new 30,000 metric tons/year (approx. 60 million lbs/year), $50-million plant at Bishop, TX, to manufacture GUR(R) ultra-high molecular weight polyethylene (UHMW-PE). Startup of the new GUR plant is set for early July this year. As previously announced, the new plant doubles the company's GUR capacity in North America and will replace its existing GUR plant in Bayport, TX.

GUR(R) UHMW-PE has an extremely low coefficient of friction and provides outstanding abrasion resistance and toughness. It is often used in demanding material handling applications in bottling machines, papermaking equipment, chemicals and other process industries. Typical GUR applications include bulk containers, truck linings, conveyor chain guides, marine dock fenders, automotive battery separators, pump housings, and ski and snowboard bottoms. GUR is also used to produce porous products for writing instruments, air and water filters for industrial and residential use, and wear resistant and texturing additives for thermoplastics, elastomers, paints and coatings.

Ticona, the world's leading producer of UHMW-PE, also operates a GUR plant in Oberhausen, Germany.  When the new plant is completed, the company's total GUR capacity will be about 60,000 metric tons/year (approx. 120 million lbs/year).

Nov 17, 2006 Celanese

Celanese Brings Suit Against Saudi Arabian Acetyls Company

Celanese Corporation announced today that it has filed suit in district court in Harris County, Texas, against Saudi International Petrochemical Company, International Acetyls Company and International Vinyl Acetate Company seeking injunctive relief to prevent the defendants from using Celanese's trade secrets, confidential information and know-how in the construction and operation of vinyl acetate monomer and acetic acid facilities the defendants plan to build in Al Jubail, Saudi Arabia.

"Celanese commenced this action as part of its continuing efforts to ensure that its technology and other valuable intellectual property are not misappropriated or illegally used by our competitors," said John O'Dwyer, president of Celanese Chemicals, "Celanese will take all appropriate actions to protect its critical technological advantages."

Celanese's Petition alleges that the defendants engaged in a calculated campaign to misappropriate and commercialize Celanese's confidential information. The Petition asserts that defendants, acting directly and through agents, among other acts, aggressively recruited and hired former or current Celanese employees, identified and retained engineering and construction firms that had extensive experience working on Celanese's acetyl projects, and vendors and other suppliers with intimate knowledge of Celanese's trade secrets.

Acetex announces $1 Billion expansion project 　→　Saudi Sipchem, Helm Arabia sign AA-VAM projects JV, offtake deal

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Tasnee 2006/3期末報告

Acetic acid and Methanol Project :
It has been agreed with Celanese Co., the foreign partner of this project, to temporarily suspend negotiations as a result of current international obligations relating to contractors and equipment suppliers. Presently, the company is studying available alternatives.

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2006/11/20　Sipchem

Sipchem denies alleged claims in a lawsuit

Sipchem has learned that Celanese Ltd. has filed a lawsuit against it and two of its affiliates in Texas, USA. Sipchem strongly denies Celanese's claims that Sipchem has misappropriated Celanese's alleged trade secrets in connection with Sipchem's design and construction of its acetic acid manufacturing plant and vinyl acetate monomer manufacturing plant in Al Jubail, Saudi Arabia. Sipchem intends to defend vigorously against Celanese's claims. Contrary to those claims, which are baseless and without merit, the relevant Sipchem's affiliates' facilities have been designed and are being built using technologies properly licensed from Eastman Chemical and DuPont.

Dec 12, 2005

Celanese to Construct World-Scale Vinyl Acetate Monomer Plant in China;
Announces New VAntage Plus(TM) Technology for Vinyl Acetate

Celanese Corporation, announced today that it will build a 300,000 metric ton, world-scale vinyl acetate monomer (VAM) plant at the company's Nanjing, China chemical complex. The plant is expected to be operational in late 2007 or early 2008.

"As the world's leading producer of VAM and other acetyl-based products, we believe it is important to have a manufacturing presence in the world's fastest growing region to supply our customers with a reliable, locally produced product," said David Weidman, president and chief executive officer. "This investment is consistent with our strategy to maintain our number one position in the VAM market."

The VAM plant will receive acetic acid, a key raw material, from Celanese's 600,000 metric ton acetic acid plant in Nanjing, which will begin commercial sales in early 2007. The company currently operates seven plants around the world to produce VAM, which is used to make such products as paints, coatings, adhesives and fibers.

The company also announced today that in 2006 it will begin implementation of its next generation of VAM technology called VAntage PlusTM.  The new technology will further improve production efficiency and lower operating costs as it is phased into Celanese's VAM units over the next several years. In 2005, Celanese completed implementation of its VAntageTM technology in the last of its six ethylene-based VAM units. VAntageTM not only enhanced production efficiency, but also increased Celanese's overall VAM production capacity by 265,000 metric tons,

Dec 13, 2006 Celanese

Celanese Signs Agreement to Sell Oxo Products and Derivatives Businesses to Advent International

Celanese Corporation today announced that it has entered into an agreement to sell its oxo products and derivatives businesses, including European Oxo GmbH (“EOXO”), a joint venture between Celanese AG and Degussa AG, to Advent International, a global private equity firm, for the purchase price of EUR 480 million, which is approximately USD $630 million at current exchange rates. This sale is consistent with Celanese’s strategy to optimize its portfolio and divest non-core businesses.

The sale includes oxo and derivative businesses at Celanese’s Oberhausen, Germany, and Bay City, Texas, facilities; and portions of its Bishop, Texas, facility. ?EOXO’s facilities within the Oberhausen and Marl, Germany, plants are also included in the sale. As part of the transaction, Celanese will transfer all of the EOXO business to Advent International, including Degussa’s 50 percent interest of the venture.

Dec 22, 2006 Celanese

Celanese Reaches Agreement to Acquire Celanese AG Minority Shares

Celanese Corporation, a global hybrid chemical company, announced today that it has reached an agreement with the minority shareholders of Celanese AG, its German subsidiary, to acquire their shares for EUR 66.99 per share, the same price offered by Celanese in May 2006. The total purchase price for the minority shares, representing 2 percent of the outstanding shares, is approximately USD $80 million.
The minority shareholders have dismissed their legal actions challenging the completion of the acquisition of Celanese AG, which began in 2004.

経緯：
2004/4/1　米ブラックストーン、独セラニーズ買収を最終決定ーＴＯＢ成功で
　　　　　　　セラニーズを16億ユーロ（約2126億円）で買収する計画の完了を最終決定

　　　　　　　セラニーズの株式全体の83.6％を保有する株主が、ブラックストーンの買収提案を受け入れた。
　　　　　　　提示額は１株当たり32.50ユーロ　（発表前の2003年12月16日の終値に比べ15％上乗せした水準）

セラニーズの株主総会決議に対し、少数株主９人が手続き違反を理由に訴訟。

February 15 2007 Ticona

Ticona Selects Nanjing, China, for New GURR Plant
Ultra-High Molecular Weight Polyethylene Plant to Be Operational in Second Half of 2008

Ticona, the engineering polymers business of Celanese Corporation, announced today that it will locate a new GUR(R) ultra-high molecular weight polyethylene (UHMW-PE) facility at the Celanese integrated chemical complex in Nanjing, China.

The new, world-class 20,000 metric ton plant will increase the company’s global GUR UHMW-PE capacity to 90,000 metric tons and is expected to begin commercial operations in the second half of 2008.

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Ticona Completes 30,000 Ton Plant for GUR(R) in Bishop, Texas

Ticona, the world's leading producer of UHMW-PE, also operates a GUR plant in Oberhausen, Germany.  When the new plant is completed, the company's total GUR capacity will be about 60,000 metric tons/year.

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1999年12月22日

独Ticona社、超高分子量ポリエチレン事業で日本法人設立

　ドイツのセラニーズ社のエンジニアリングプラスチック事業部門会社であるTicona社は、超高分子量ポリエチレン「GUR」に関するアジア地域における事業を手掛ける日本法人のTiconaジャパンを設立することを、99年12月20日に発表した。本社は東京に置く予定。また、ダイセル化学との合弁会社であるポリプラスチックスは「GUR」を手掛けないことも併せて発表した。

Celanese is currently developing its fully integrated acetyls complex at the Nanjing Industrial Park site, which consists of a 600,000 metric-ton acetic acid facility, a 300,000 metric-ton vinyl acetate monomer plant and a 100,000 metric-ton acetic anhydride 無水酢酸 unit. The company is also constructing specialty acetyl derivatives units to produce vinyl acetate ethylene emulsions and conventional emulsion polymers.

2分子の酢酸を脱水縮合させると無水酢酸が得られる。

Apr 30, 2007 Celanese

Ticona Selects Nanjing, China, for Celstranｮ Long-Fiber Reinforced Thermoplastic (LFRT) Plant
Facility to be Operational in Early 2008

Ticona, the engineering polymers business of Celanese Corporation, announced today that it will co-locate a new Celstran(R) long-fiber reinforced thermoplasic (LFRT) plant at Celanese’s integrated chemical complex in Nanjing, China, scheduled to become operational in early 2008.

This new investment supports the companies’ Asia growth strategies, which also include previously announced plans to construct production facilities for Ticona’s GURR ultra-high molecular weight polyethylene at the Celanese Nanjing integrated chemical complex in Nanjing, China.

"Asia is a region of impressive growth opportunities for us and our customers,"said Roeland Polet, vice president of Ticona. "Targeted investment in the construction of compounding and production facilities in this region will strengthen our position as a leading global supplier of LFRT. When the new facility is operational in Nanjing, we will have a global production capacity of more than 35,000 tons per year," Polet said.

At the present time, Ticona produces LFRT in Kelsterbach, Germany, and Winona, Minn.

May 23 2007 Ticona

Ticona to create new Customer Application Development Center in Shanghai
Wide range of locally based services in Asia as part of global support network

Ticona, the engineering polymers business of Celanese Corporation, announced plans today at Chinaplas 2007 to create a Customer Application Development Center in Shanghai. When completed, the new Center will be part of a global support network that includes similar Ticona centers in Kelsterbach, Germany, and Auburn Hills, Michigan, USA.



In mid-May, Ticona also held a ground-breaking ceremony in Nanjing, China for two new production plants- one for GURR ultrahigh molecular weight polyethylene (UHMW-PE) and the other for Celstran(R) long fiber-reinforced thermoplastic (LFRT). Both facilities are being built in the Nanjing Chemical Industrial Park adjacent to the Celanese integrated acetyls complex. The LFRT facility will come on stream in the first half of 2008, while the UHME-PE plant will be completed in the second half of 2008. The new production facilities will bring Ticona’s annual global capacity for GUR to more than 90 000 tonnes and raise its annual global Celstran LFRT capacity to more than 35 000 tonnes.

Blackstone

November 15,  2004 Chemical & Engineering News

Nalco Launches An IPO; Celanese Readies One

Seven months after completing the $3.8 billion buyout of Germany's Celanese, Blackstone has filed a preliminary prospectus with the Securities & Exchange Commission to raise $750 million in an IPO of some of its stock in the now U.S.-based firm. Blackstone hasn't set a date for the offering yet, but says that funds raised will go to paying itself a dividend and cutting Celanese debt.

Instead of waiting the typical three years or more to begin selling their positions in chemical assets, "investment bankers are being opportunistic," given the fairly strong demand for U.S. chemical stocks, says Michael Judd, an analyst at independent research firm Greenwich Consultants.

2004/12/22　

Blackstone has raised anticipated proceeds from its planned initial public offering (IPO) of a partial stake in Celanese to $1 billion, up from $750 million, according to regulatory filings last week. Share pricing or size of the stake to be offered was not disclosed....

January 14, 2005 CBS.MarketWatch.com

Blackstone's $1B Celanese IPO kicks off '05

The Blackstone Group kicks off the 2005 season for initial public offerings in coming days with a $1 billion deal from chemical firm Celanese, one of many IPOs expected from private equity firms this year.

Celanese to raise $1 billion
Celanese plans to offer 50 million shares at $19 to $21 each in a bid to raise about $1 billion via underwriters Morgan Stanley, Goldman Sachs and Lehman Brothers.
The company plans to trade on the New York Stock Exchange under the ticker symbol "CE."

Blackstone issued plans in December 2003 to buy the firm for about $3.8 billion. Celanese AG of Germany traded U.S.-listed shares under the ticker CZ.
Celanese is going public amid an expected upswing in the chemical business this year, according to industry observers.

2007/5/29 www.plasteurope.com　　　　経緯

Celanese: Blackstone sells its remaining stake

Private equity giant Blackstone has completed its exit from chemicals and plastics producer Celanese. Blackstone received nearly USD 785m (EUR 581m) from the offering. Celanese, parent company of engineering plastics producer Ticona, did not receive any of the proceeds. This was the last of several major stock transactions by Blackstone since acquiring the chemicals arm of the former Hoechst in 2004. In all, it is believed have earned USD 5 bn on the takeover.

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2007/5/16　www.financialnews-us.com　

Blackstone gains to top $5bn with final Celanese exit

US-based alternatives investments firm Blackstone Group is preparing to raise another $777m (?571m) by selling the remainder of its shares in chemicals company Celanese to complete its exit from Europe's most successful buyout.

Blackstone will have made more than $5bn in profit from Celanese, which it delisted from the main German stock market in 2004 and re-listed a year later in New York.

Morgan Stanley is handling Blackstone's final sale of 22.1 million shares, which are to be sold at market prices.

Celanese shares closed at $35.17 each last night, which is more than double the January 2005 flotation price of $16 per share. Blackstone sold 50 million shares in the IPO, raising US$800m. The flotation also gave Blackstone more than $1bn in a special dividend while the buyout firm took another $500m and $750m of equity through two refinancings in 2004.

Blackstone originally paid $4bn, including $850m in equity, to take the company private.

In November 2005, Blackstone cut its stake to near 50% with the sale of 12 million shares at $17.10 each through Credit Suisse. The buyout firm's stake was reduced down to 14%, 22 million shares, since that time.

Blackstone was unavailable for comment but its success has caused consternation in the German press and among rivals as its profits have been seen as excessive and detrimental to the chances of further buyouts in the country.

However, those close to Blackstone have previously argued its success came partly from taking advantage of the different multiples available by re-listing in New York compared to Germany but primarily from the upturn in the chemicals pricing cycle and operational and strategic improvements, including acquisitions and divestments.

In December, Celanese sold its German products and derivatives business, Oxo, to buyout firm Advent International for $635m. Last year, the company had net sales of $6.7bn, with more than 60% of revenues generated outside of North America.

July 27 2007 Ticona
 
Celanese Selects Frankfurt-Hoechst Industrial Park as Site for Ticonas Kelsterbach Relocation

Celanese Corporation, a global, hybrid chemical company, today announced that Frankfurt-Hoechst Industrial Park has been selected as the new site for Ticona’s Kelsterbach production operations in Germany.

In November 2006, Celanese and Ticona, the engineered materials business of Celanese, along with Fraport, the operator of the Frankfurt airport, agreed that Ticona’s Kelsterbach chemical plant would relocate by mid-2011 in order to make room for an airport expansion.

2007/9/20 CCR

Celanese Opens Integrated Chemical Complex in Nanjing

On September 19th, 2007 Celanese Corporation, a global hybrid chemical company, celebrated the inauguration of its integrated chemical complex in Nanjing. The Complex is located in the Nanjing Chemical Industrial Park, Jiangsu province, East China, one of the two national chemical parks approved by the National Development and Reform Commission.
Celanese's integrated chemical complex in Nanjing brings world-class scale and leading technology to one site for the production of acetic acid, vinyl acetate monomer, acetic anhydride, emulsions, Celstran (R) long fiber-reinforced thermoplastic (LFRT) and GUR(R) ultra-high molecular weight polyethylene (UHMW-PE).
    The complex will further enhance Celanese's capabilities to better meet the growing needs of its customers in a number of industries across Asia. The acetic acid facility has been running at full production rates since June 2007 and production of vinyl acetate emulsions is set to commence by the end of 2007. Operations for four other plants will begin throughout 2008.

2007/2/22　セラニーズの中国での活動

2008/1/16 prw.com

Ticona adds compounding unit to Nanjing complex
The 15,000 tonnes a year operation to grow Ticona’s Asian footprint.

Ticona is to add an integrated compounding unit at the recently opened plant of its parent company Celanese at Nanjing, in China, further extending its strong position in the Asian market.

The new 15,000 tonnes a year operation, scheduled to start up in the first quarter of 2009, will produce advanced engineered compounds for customers in the region in a variety of the company’s engineering thermoplastics. The polymers from which compounds will be made at the Nanjing plant include Vectra liquid crystal polymers, Hostaform polyacetal, Celanex thermoplastic polyester, Riteflex TPE and Fortron PPS.

September 24, 2008 Ticona

Ticona to Build Vectra LCP Unit at Celanese’s Nanjing Integrated Chemical Complex
　　Facility to be Operational in 2010

Ticona, the engineering polymers business of Celanese Corporation, announced today that it plans to build a new Vectra(R) liquid crystal polymer (LCP) production facility co-located at the Celanese integrated chemical complex in Nanjing, China. Construction is slated to begin in the first half of 2009, and the facility is projected to be operational in 2010.

Ticona currently produces Celstran(R) long fiber reinforced thermoplastic (LFRT) and GUR(R) ultra-high molecular weight polyethylene (UHMW-PE) at the Nanjing complex. The GUR unit successfully began commercial operations in July 2008. A compounding unit is scheduled to be operational in early 2009.