Celanese Plans to Divest Micromax Business to Deleverage

Celanese Corporation (CE) recently announced its plans to divest its Micromax portfolio of products to accelerate its cash generation and deleveraging strategy, its current priority.With regular review of the assets, CE is exploring various opportunities for cash generation, including the divestiture of the Micromax portfolio. Micromax, being a leading supplier of advanced electronic inks and pastes, is expected to generate more than $300 million in revenues in 2025. Its products are known for durability, f ...