Celanese announces intention to divest two businesses

Recently, American chemical giant Celanese announced its intention to divest its advanced electronic ink and paste business to advance the company's cash generation and deleveraging strategy.

Scott Richardson, Celanese President and CEO, said that the current focus remains on deleveraging the balance sheet and exploring opportunities to generate cash, including divesting the electronic ink and paste product portfolio.

The business product portfolio includes conductive, resistive and dielectric thick film inks, as well as low-temperature co-fired ceramic (LTCC) materials for creating multi-layer circuits, mainly used in navigation and defense, medical monitoring and advanced circuit board components. Revenue is expected to exceed US$300 million in 2025.

Celanese said that through this asset divestiture, it can focus more on high-growth assets, unlock shareholder value and increase cash flow under the existing operating model.