Celanese sell two facilities in France, Spain

Celanese to sell two facilities in France, Spain

5:38 AM, 23rd May 2013
Celanese to sell two facilities in France, Spain

DALLAS, US: Celanese Corporation announced intent to launch sale process of its acetic anhydride facility in Roussillon, France, and its vinyl acetate monomer (VAM) production unit in Tarragona, Spain. Celanese is seeking buyers who can integrate these facilities into their own manufacturing organizations. To help achieve this objective, the Paris-based affiliate of JH Lillian & Co Inc, will lead the sale process for both the Roussillon site and the Tarragona VAM unit.

The sale process for both facilities will be open to a broad range of candidates; however, the selection of the buyers will be based on specific criteria, including the ability of the buyers to ensure sustainable operations, retain employees and their ability to meet certain financial conditions.

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