|By Business Wire||
|May 19, 2014 07:00 PM EDT||
Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today announced the opening of the new Celanese Commercial Technology Center in the high technology valley of Pangyo, Republic of Korea. The research and development center will support the growth of Celanese customers in South Korea, advance the technical capabilities of the Celanese product portfolio, and ensure the company is growing with its global customer base.
“South Korea is at the forefront of many of today’s global technologies, and some of the world’s most significant innovations are coming from this region,” said Mark Rohr, Celanese chairman and chief executive officer. “For Celanese to best serve our customers – and advance the creation of their products and solutions – we need our research and development team to have a strong presence in South Korea. This center creates a place for our technologists to continue to work directly with our customers and have meaningful interactions that will help Celanese become their first-choice chemistry solution source.”
The center will support the technology and chemistry innovations which serve such industries as electrical and electronics, automotive, consumer products, and information technology, as well as the emerging markets of life sciences, robotics and semiconductors. The team of talented technologists will support Celanese customers in the region who are accelerating global product innovations such as smartphone technology, tablet and computer application systems, information technology devices, electric vehicles and battery storage systems.
The Celanese Commercial Technology Center – Korea is the second research and development facility for Celanese in the Asia region. In 2010, the Celanese Commercial Technology Center – Shanghai was established to support the company’s Asia businesses, customer application development, and research and development resources within China.
“Our customers in South Korea are leading innovators in the technologies of tomorrow,” said Mark Oberle, Celanese senior vice president, Asia. “Our on-the-ground team, supported by our colleagues in the region, will be able to collaborate with our customers to quickly design, develop and launch differentiated, competitive products and fresh solutions that solve their most critical business needs. We have a well-established history in Korea and look forward to a successful future for both our customers and for Celanese.”
In January, Celanese announced the appointment of Jimmy Yu to the position of managing director for Celanese Korea, Ltd., to oversee the company’s commercial, government affairs, industry and administrative activities in South Korea. This new center will allow Mr. Yu and his team to quickly and aggressively respond to industry conditions and customer requirements.
Celanese will hold a grand opening ceremony at the new facility in Pangyo on May 20, 2014, with representatives from the company’s senior leadership team. The location of the ceremonies is:
4F-B, Samhwan Hi-Pex, 230,
Seongnam-si, Gyeongggi-do, South Korea
Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. With sales almost equally divided between North America, Europe and Asia, the company uses the full breadth of its global chemistry, technology and business expertise to create value for customers and the corporation. Celanese partners with customers to solve their most critical needs while making a positive impact on its communities and the world. Based in Dallas, Texas, Celanese employs approximately 7,400 employees worldwide and had 2013 net sales of $6.5 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.
All trademarks indicated above are owned by Celanese International Corporation or its affiliates.
This release may contain “forward-looking statements,” which include information concerning the company's plans, products, objectives, goals, strategies, future revenues or performance, and other information that is not historical information. When used in this release, the words “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “may,” “can,” “could,” “might,” “will” 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 or its customers will realize these benefits 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 results expressed or implied in the forward-looking statements contained in this release. These risks and uncertainties include, among other things: changes in general economic, business, political and regulatory conditions; changes in the price and availability of raw materials; the introduction of competing products by other companies; market acceptance of our products; changes in the degree of intellectual property and other legal protection afforded to our products and processes; the impact of technological developments and competition; adoption of new or different industry or regulatory standards; unanticipated operational or commercial difficulties, including failure of facilities or processes or products to operate in accordance with specifications or expectations; ability of third parties, including our commercial partners, suppliers or others, to comply with their commitments to us; increased costs under existing or future environmental regulations, including those relating to climate change; potential liability resulting from pending or future litigation, or from changes in the laws, regulations or policies of governments or other governmental activities in the countries in which we operate; and various other factors discussed from time to time 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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