Celanese Corporation Company Profile
Celanese Corp
Technology
- Type
Public
- Headquarters
The US
- Founded
1918
- Key Management
Mr.Lori J Ryerkerk(Chairman, President and CEO)
- Revenue
~8,537(2021)
- Headcount
~8,529
- Website
Business Description
Celanese Corp. provides technology and specialty materials businesses. It can be divided into two segments: Engineered Materials, and Acetate Tow. Acetate Tow is a worldwide supplier and manufacturer of acetate. It also supplies acetate flake to filter product applications. It is based upon similar products and production methods, classes, and customers as well as selling and distribution methods. This includes administrative activities such as finance and information technology, human resources functions, interest income, and expenses related to financing activities. The company was founded by Henri Dreyfus and Camille Dreyfus in 1918. It is located in Irving, Texas.
Key Financials
Revenue (US$ Mn):
- Celanese Corp. generated total revenue of US$ 8,537 Mn in 2021
- Annual revenue of US$ 5,655 Mn was indexed by Celanese Corp. in 2020
Operating Income (US$ Mn):
- At a 193.07% increase, Celanese Corp.’s operating income of US$ 1,946 Mn was indexed in 2021
- Celanese Corp. generated an operating income of US$ 664 Mn in 2020
Net Income (US$ Mn):
- At a 75.42% increase from, Celanese Corp.’s net income of US$ 207 Mn was indexed in 2021
- Celanese Corp. generated a net income of US$ 118 Mn in 2020
Operating Margin %:
- Celanese Corp. generated an operating margin of 23% in 2021
- An operating margin of 12% was indexed by Celanese Corp. in 2020
Gross Margin %:
- At a 50% increase from, Celanese Corp.’s gross margin of 28% was indexed in 2021
- Celanese Corp. generated a gross margin of 19% in 2020
SWOT Analysis
Strengths
Liquidity position
Celanese has higher liquidity, which allows it to capitalize on potential market opportunities. The company’s current ratio was 1.6 at the end of FY2019. The current ratio of the company was higher than that of its rivals, such as Sumitomo Corporation (1.3) and Asahi Kasei Corporation (1.3). The decrease in total current liabilities, from US$1,779 million in FY2018 to US$1,754million in FY2019 was responsible for this decrease. This represents a 1.4% decrease over the previous year.
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