Celanese Corp - Ordinary Shares - Series A

NYSE:CE   3:59:51 PM EDT
163.05
-5.15 (-3.06%)
4:00:00 PM EDT: $163.11 +0.06 (+0.04%)
Debt Financing / Related, Strategic Combinations, Restructuring / Reorganization

Mitsubishi Gas Chemical Company And Celanese Corporation Sign MoU To Restructure Korea Engineering Plastics JV

Published: 12/09/2020 06:07 GMT
Celanese Corp - Ordinary Shares - Series A (CE) - Mitsubishi Gas Chemical Company and Celanese Corporation Sign Mou to Restructure Korea Engineering Plastics Jv.
Kep Would Focus on Manufacturing, Developing, Producing, and Supplying Products to Its Shareholders.
Parties Have Also Committed to Increasing Kep's Production Capacity to Improve Long-term Security of Supply.
Parties Expect Joint Venture Restructuring to Be Completed Before End of 2021.
Mou Envisions a Modernization of Scope of Kep Jv.
Kep Will Continue to Serve Its Customers, Without Change, Until Restructuring is Closed.
Parties Expect Jv Restructuring to Be Completed Before End of 2021.