Benzinga | Oct 11, 2021 06:01PM EDT

Celanese Reports Global Surcharge On Its Portfolio Of Amcel, Celcon, Hostaform, Other Polyacetal Products

Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced a global surcharge on its portfolio of Amcel(r), Celcon(r), Hostaform(r) and other polyacetal (POM) products in response to a recent surge in global energy prices.

The surcharge amounts indicated below will be implemented on all shipments of POM products beginning on October 25, 2021.

Europe ?0.50/kg

Asia $0.35/kg

Americas $0.30/kg

"The unprecedented instability present throughout the energy markets, that began this summer, recently accelerated and we have reached the point where Celanese needs to share the burden of the price increases with our customers," said Juergen Pongratz, Vice President, POM, for Celanese. "Although we believe these conditions will persist through the winter, Celanese will continue to monitor the situation on a regular basis and will adjust the surcharge amounts to reflect the then-current conditions. We understand the impact this may have on our valued customers and hope to see conditions normalize as soon as possible."

Customers should contact their Celanese account manager for more information.