Teijin to sell only Celanese acetate
January 7, 2002,
Celanese Acetate Textiles and Teijin Ltd. have signed a marketing and sales assistance agreement that will replace the companies' previously announced plans to form a joint venture producing and selling acetate in Asia.
Celanese, which produces acetate in plans in Virginia, Mexico and Belgium, will end production of acetate fiber in Belgium.
The dissolution of the joint venture was attributed to market conditions that were no longer viable, Celanese reported.
Celanese Acetate is the world's largest producer of cellulose acetate filament used in home furnishings, apparel and industrial uses.