27 October 2009 21:25 [Source: ICIS news]
"Over the last several weeks I've been asked about our quote, 'new strategy for acetyl intermediates,'" Weidman said during a quarterly earnings conference call. "Let me be perfectly clear: There is no new strategy."
Celanese has doubled its acetic acid production capacity at its ?xml:namespace>
Weidman said additional capacity at the
Celanese said in May that it planned to double its acetic acid capacity to 1.2m tonnes/year at its
Celanese spokesman Travis Jacobsen said on Tuesday that the additional capacity came on line this month.
"We basically put a lot of new capacity into the market over the last several weeks, and it has not changed pricing an awful lot," Weidman added. "In fact, it's been stable to up."
Weidman did not elaborate on why there was speculation about a new strategy.
But an unnamed Celanese official in August said there would be an oversupply of acetic acid in
Weidman said Celanese's acetic acid made in
($1 = €0.67)
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