Celanese remains optimistic about Chinese economy - executive

02 June 2010 22:55  [Source: ICIS news]

HOUSTON (ICIS news)--US acetyls major Celanese remained optimistic about the Chinese economy despite a recent report showing weaker manufacturing, an executive said on Wednesday.

While government data released this week showed weaker manufacturing levels in China, Celanese senior vice president Mark Oberle said he was in the country last week and saw mostly business as usual from the company's perspective.

Oberle said the Chinese government was trying to puncture a real estate bubble, but Celanese's business operations reflected little or no downturn.

"We haven't seen a change in our order patterns or in the business," Oberle said at an investor conference in New York. "We haven't seen a big slowdown in China."

Celanese generates 73% of its sales outside of North America, with about 40% in Asia, Oberle said.

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By: Lane Kelley
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