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Celanese to shut down Belgian factory, cut 160 jobs amid weak market conditions (CE:NYSE)
Seeking Alphaยท 2025-10-28 12:50
Core Viewpoint - Celanese plans to cease manufacturing operations at its acetate tow facility in Lanaken, Belgium, during the second half of 2026 due to declining demand and rising operational costs [4] Company Summary - The decision to close the facility follows a strategic review conducted by the company [4] - The communication regarding the closure has been made to employees [4] Industry Summary - The closure reflects broader trends in the industry, including challenges related to demand and cost pressures [4]