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[CELANESE LOGO]
MEDIA INFORMATION CELANESE AG Frankfurter Strasse 111
Media Relations 61476 Kronberg/Ts.
Telefax. +49 (0)69/305-84160
Your Contacts:
JANUARY 10, 2001 Ralf Christner Dr.Hans-Bernd Heier
Phone: +49 (0)69/305-84040 Phone: +49 (0)69/305-7112
[email protected] [email protected]
Phillip Elliott Andrea Stine (USA)
Phone: +49 (0)69/305-33480 Phone: +1 908 522 7784
[email protected] Fax: +1 908 522 7583
[email protected]
CELANESE CHEMICALS EXTENDS FORCE MAJEURE ON
ACETYL PRODUCTS FOR ASIAN CUSTOMERS
Celanese Chemicals today announced that it will extend until further notice
its Declaration of Force Majeure on acetic acid and vinyl acetate for its Asian
customers. This declaration of force majeure , initially declared in September
2000, is the result of an ongoing inability of Singapore Syngas to produce a
reliable and permanent supply of carbon monoxyde, a key material to Celanese's
Singapore acetic acid plant. The plant's operating rate in the 4th quarter 2000
was at appr. 20 % of design capacity. Celanese Chemicals cannot be certain when
the situation will be resolved, however, the company and Singapore Syngas
continue to work together to resolve the problems short term.
The situation in Singapore is expected not to affect the company's ability
to supply customers in other parts of the world.
Forward-looking statements (statements which are not historical facts) in this
release are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that all
forward-looking statements involve risks and uncertainties, including those
risks and uncertainties detailed in the Company's filings with the Securities
and Exchange Commission, copies of which are available from the Company.
