Celanese Corporation has announced that its French and Spanish subsidiaries have informed their employee delegates in Roussillon, France, and work council in Tarragona, Spain, of their intent to initiate an information and consultation process on the contemplated closure of both the Roussillon acetic anhydride facility and the vinyl acetate monomer (VAM) production unit in Tarragona. Celanese announced on May 22, 2013, its intent to find a credible buyer for both properties, with the primary focus on industrial candidates. Celanese placed great effort in identifying credible buyers that could ensure sustainable operations, retain employees and meet the financial criteria defined by the company to ensure successful future operations of the VAM production unit in Tarragona and the acetic anhydride plant in Roussillon. However, no credible buyers have been identified and no offers for acquiring these facilities were made.
25-Nov-13 
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