Celanese Reports Strong Second-Quarter Profits, Plans $325 Million - $350 Million CAPEX this Year

SUGAR LAND--July 23, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Celanese Corporation (NYSE:CE) (Dallas, Texas) reported last week that its second-quarter 2018 profits totaled $345 million, a 48% jump over the same period a year earlier, on the strength of its Acetyl Chain and Engineered Materials business segments. Industrial Info is tracking more than $1 billion in Celanese project activity, including a major vinyl acetate monomer (VAM) expansion in Texas that is expected to reach completion by the end of this year. Within this article: Celanese VAM expansion in Pasadena, Texas