Celanese

Global Butyl Acetate Market Expected to Reach 2800 Thousand Tonnes by 2032: Growing Demand in Paints & Coatings and Other Industries Drives Expansion - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 18, 2023

The global Butyl Acetate market demand stood at approximately 1900 thousand tonnes in 2022 and is expected to grow at a CAGR of 3.71% during the forecast period until 2032.

Key Points: 
  • The global Butyl Acetate market demand stood at approximately 1900 thousand tonnes in 2022 and is expected to grow at a CAGR of 3.71% during the forecast period until 2032.
  • Various industries consume Butyl Acetate such as medicines, personal-care products, paints and coatings, food flavoring, plasticizers, electronics, and others.
  • The global increase in the use of water-based coatings and automotive paints is what is driving the butyl acetate industry.
  • Based on the End-user industry, the global Butyl Acetate market is segmented into Paints & Coatings, Pharmaceuticals, Personal Care, Leather Industry, and Others.

Celanese to Hold Second Quarter Earnings Conference Call on August 8, 2023

Retrieved on: 
Wednesday, July 5, 2023

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its second quarter 2023 results on Tuesday, August 8, 2023, beginning at 10:00 a.m.

Key Points: 
  • Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its second quarter 2023 results on Tuesday, August 8, 2023, beginning at 10:00 a.m.
  • The company will distribute its second quarter earnings press release via newswire after the New York Stock Exchange closes on Monday, August 7, 2023.
  • The earnings press release and prepared remarks will also be available at https://investors.celanese.com after market close on Monday, August 7, 2023.
  • A replay of the conference call will be available on demand on August 8, 2023, from 12:00 p.m.

Manufacturing Leadership Council Honors Celanese for its Strategy to Enable ‘Digital Plant of the Future’

Retrieved on: 
Thursday, June 29, 2023

“Digital manufacturing advancements allow us opportunities to tap into new technologies that give us a competitive edge, produce better products and reduce downtime.

Key Points: 
  • “Digital manufacturing advancements allow us opportunities to tap into new technologies that give us a competitive edge, produce better products and reduce downtime.
  • For this reason, Celanese views 5G as a foundational enabler to the predictable, self-optimizing manufacturing plant of the future.
  • Self-directed vehicles, ubiquitous IoT (Internet of Things) and augmented reality are just a few examples of what private 5G will enable for Celanese.
  • “This is an inspiring time for Celanese as we go full-speed ahead in executing our digital transformation strategy,” noted Mortimer.

Celanese and Mitsui Sign Definitive Agreement to Form Nutrinova, a Food Ingredients Joint Venture

Retrieved on: 
Friday, June 23, 2023

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, and Mitsui & Co., Ltd. today announced the signing of a definitive agreement to form a Food Ingredients joint venture under the name Nutrinova.

Key Points: 
  • Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, and Mitsui & Co., Ltd. today announced the signing of a definitive agreement to form a Food Ingredients joint venture under the name Nutrinova.
  • Celanese will contribute the assets, technology and employees of its Food Ingredients business while retaining a 30 percent stake in the joint venture.
  • The agreement combines the technology, product portfolio and backward integration of the Celanese Food Ingredients business with Mitsui’s long-standing positions across the food value chain in Asia and other regions.
  • The Celanese Food Ingredients business is a leading producer of acesulfame potassium (Ace-K) sweetener as well as sorbic acid and potassium sorbate preservatives.

Introducing Cognite AI, the Generative AI Accelerator for Industrial Data and Value Realization

Retrieved on: 
Thursday, June 15, 2023

Cognite , a globally recognized leader in industrial software, today announced the launch of Cognite AI, the Generative AI Accelerator for Industrial Data and Value Realization.

Key Points: 
  • Cognite , a globally recognized leader in industrial software, today announced the launch of Cognite AI, the Generative AI Accelerator for Industrial Data and Value Realization.
  • Cognite Data Fusion® with Cognite AI improves operations by rapidly accelerating cloud adoption and increasing the efficiency of industrial workflows by 10x.
  • View the full release here: https://www.businesswire.com/news/home/20230613143597/en/
    Cognite AI, the Generative AI Accelerator for Industrial Data and Value Realization.
  • Cognite AI solves this industrial data and AI problem by delivering simple access to complex industrial data and building Generative AI into every aspect of the product experience, enabling stakeholders in both IT and Operations to generate valuable, cross-data-source insights.

CSC ServiceWorks Announces Changes to Executive Leadership Team

Retrieved on: 
Tuesday, June 13, 2023

MELVILLE, N.Y., June 13, 2023 /PRNewswire/ -- CSC ServiceWorks, Inc. ("CSC"), a leading consumer services platform company delivering tech-enabled laundry & air services, recently announced changes to their Executive Leadership Team.

Key Points: 
  • MELVILLE, N.Y., June 13, 2023 /PRNewswire/ -- CSC ServiceWorks, Inc. ("CSC"), a leading consumer services platform company delivering tech-enabled laundry & air services, recently announced changes to their Executive Leadership Team.
  • CSC ServiceWorks, Inc. ("CSC") recently announced changes to their Executive Leadership Team.
  • "I am honored to lead CSC into our next era of growth as a leading consumer services platform company," said Castellanos.
  • CSC ServiceWorks is also pleased to announce that Andrew Cloninger has been promoted to Chief Operating Officer.

Textile Yarn Market worth $18.5 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, June 13, 2023

CHICAGO, June 13, 2023 /PRNewswire/ -- The Textile Yarn Market is estimated at USD 14.4 billion in 2023 and is projected to reach USD 18.5 billion by 2028, at a CAGR of 5.1% from 2023 to 2028 according to a report published by MarketsandMarkets™.

Key Points: 
  • CHICAGO, June 13, 2023 /PRNewswire/ -- The Textile Yarn Market is estimated at USD 14.4 billion in 2023 and is projected to reach USD 18.5 billion by 2028, at a CAGR of 5.1% from 2023 to 2028 according to a report published by MarketsandMarkets™.
  • Key factor contributing to the growing demand for textile yarn is the expanding middle class in emerging economies.
  • The plant segment in the textile yarn market is experiencing growth due to several key factors.
  • The polyester segment in the artificial yarn category of the textile yarn market is experiencing significant growth due to widespread adoption of polyester yarn in various industries and applications.

Textile Yarn Market worth $18.5 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, June 13, 2023

CHICAGO, June 13, 2023 /PRNewswire/ -- The Textile Yarn Market is estimated at USD 14.4 billion in 2023 and is projected to reach USD 18.5 billion by 2028, at a CAGR of 5.1% from 2023 to 2028 according to a report published by MarketsandMarkets™.

Key Points: 
  • CHICAGO, June 13, 2023 /PRNewswire/ -- The Textile Yarn Market is estimated at USD 14.4 billion in 2023 and is projected to reach USD 18.5 billion by 2028, at a CAGR of 5.1% from 2023 to 2028 according to a report published by MarketsandMarkets™.
  • Key factor contributing to the growing demand for textile yarn is the expanding middle class in emerging economies.
  • The plant segment in the textile yarn market is experiencing growth due to several key factors.
  • The polyester segment in the artificial yarn category of the textile yarn market is experiencing significant growth due to widespread adoption of polyester yarn in various industries and applications.

Two Vermonters voted as top captive insurance professionals in the world

Retrieved on: 
Thursday, May 11, 2023

MONTPELIER, Vt., May 11, 2023 /PRNewswire-PRWeb/ -- The Captive Insurance Division of the Vermont Department of Financial Regulation (DFR) Deputy Commissioner of Captive Insurance Sandy Bigglestone, and Regional Managing Director – Americas for Aon Captive & Insurance Management Nancy Gray, were voted to top spots by their peers in Captive Review's Power 50 Awards earlier this year. According to the Captive Review, over 7,800 captive insurance professionals around the world submitted their nominations and nominees were then judged on how they best met the criteria of influence, innovation, visibility/accessibility, skill/ability, and how dedicated they are to helping the broader industry.

Key Points: 
  • They placed #3 and #1 in Captive Review's Power 50 Awards, which recognizes the world's top captive insurance professionals.
  • MONTPELIER, Vt., May 11, 2023 /PRNewswire-PRWeb/ -- The Captive Insurance Division of the Vermont Department of Financial Regulation (DFR) Deputy Commissioner of Captive Insurance Sandy Bigglestone, and Regional Managing Director – Americas for Aon Captive & Insurance Management Nancy Gray, were voted to top spots by their peers in Captive Review's Power 50 Awards earlier this year.
  • In 2022, Bigglestone was promoted to Deputy Commissioner of the Captive Division, leading Vermont's 30 captive insurance regulators.
  • Previously, she served as a director and treasurer of the International Center for Captive Insurance Education and as a director and treasurer of the Vermont Captive Insurance Association.

Celanese Announces Vamac® AEM Price Increases

Retrieved on: 
Thursday, May 11, 2023

Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced price increases for Vamac® AEM by 2 EUR/kg in the EMEA region and by 2.2 USD/kg in Asia Pacific and the Americas.

Key Points: 
  • Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced price increases for Vamac® AEM by 2 EUR/kg in the EMEA region and by 2.2 USD/kg in Asia Pacific and the Americas.
  • These price increases will be effective on June 1, 2023, or as contracts otherwise allow.
  • Additionally, individual grades may be subject to higher increases than specified above.