Celanese Corporation (NYSE:CE), a global specialty materials and chemical company, today introduced a series of strategic initiatives designed to enhance capabilities, strengthen competitiveness, simplify manufacturing footprint, and prioritize continuity of supply to customers of its Engineered Materials business.

Celanese is repositioning its nylon business to create a more competitive and resilient platform for the future, without compromising customer confidence, product quality, or the Company's ability to innovate on its existing polymer production assets or existing specialty polymerization capability.

A critical step in this nylon transition is today's announced closure of the Sakra, Singapore, unit, as well as the optimization of the North American nylon 6,6 polymerization production facilities in Richmond, VA and Washington, WV, which is expected to reduce overall polymer production. Celanese expects to operate the Sakra facility through the end of July 2026 to ensure a smooth and safe operational shut down process.