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Celanese (NYSE:CE), a global chemical and specialty materials company, today announced to its employees and local union representatives its intent to cease operations at its acetate tow facility in Lanaken during the second half of 2026. Celanese plans to now commence the formal information and consultation process with the local union representatives.
Acetate tow has faced challenging conditions, including declining demand and growing uncertainty in the regulatory environment. The intended closure is also influenced by the need to optimize the company's cost structure, particularly in light of the comparably high energy and operating costs associated with the Lanaken site. Following a strategic review, the company concluded that continued operations at the Lanaken facility are no longer economically viable. The intent to cease operations may impact approximately 160 employees from manufacturing and support functions at the site.
Celanese intends to continue to supply customers and fulfill contractual obligations, as well as work closely with customers on any potential changes before they are implemented. The company also expects to maintain close engagement with the relevant authorities and the local community to foster effective collaboration and a smooth and safe transition for the site.
Posted In: CE
