Celanese Corp (CE): restructuring charge — Celanese to close Lanaken acetate tow facility by H2 2026; expects $70-90M in exit costs

Celanese Corp

Intends to cease manufacturing at Lanaken, Belgium acetate tow site by H2 2026, subject to works council consultation.
Exit costs estimated at $70-90M: $55-65M non-cash accelerated depreciation and $15-25M cash shutdown costs.
Employee termination costs not yet estimable; approximately 160 employees affected.
Closure driven by declining demand, regulatory uncertainty, and high energy/operating costs at the site.
Celanese will continue to supply customers and work with them on any changes before implementation.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Celanese Corp announced a restructuring with charges of approximately $70 – 90 million affecting facility in Lanaken, Belgium (acetate tow production site) (approximately 160 employees).

Type: restructuring
Charge: approximately $70 – 90 million
Affected area: facility in Lanaken, Belgium (acetate tow production site)
Headcount: approximately 160 employees

Exact text from the filing

the completion of such consultation process. As a result of this intended closure, the Company expects to record expenses, excluding employee termination costs, of approximately $70 – 90 million, consisting primarily of approximately $55 – 65 million of non-cash accelerated depreciation of fixed asset costs and approximately $15 – 25 million of other

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Source: SEC EDGAR

accession 0001306830-25-000203

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