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Celanese declares force majeure for acetic acid, VAM - TipRanks.com

Celanese confirmed a declaration of force majeure and sales control for acetic acid and vinyl acetate monomer, or VAM, sold in the Western Hemisphere. This comes as a result of intensifying force majeure conditions and operational failures experienced by multiple suppliers of critical raw materials essential to Celanese’s production of these products. Production challenges caused by these raw material supply disruptions, as well as other operational issues in its Acetyl Chain U.S. gulf coast network, are being assessed and actions are being taken to offset production losses. The Acetyl Chain business is focused on meeting customers’ needs by utilizing all available network capabilities. The business has invested over the years to strategically enhance the flexibility of its integrated supply chain and will exercise that optionality to minimize customer disruptions. While under sales control, all non-contracted orders will be reviewed on a case-by-case basis.

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Celanese declares force majeure for acetic acid, VAM - TipRanks.com
Celanese declares force majeure for acetic acid, VAM - TipRanks.com

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