Celanese Corporation CEwill raise the list and off-list selling prices of a few products. The price hike will be effective on or after Jun 1, 2018 or as contracts permit.
The company will raise the price of Vinyl Acetate Ethylene, VAM Homopolymers, VAM Copolymers, Styrene Acrylics and Pure Acrylics by 5% each in the United States, Canada and South America.
The company is taking appropriate pricing actions amid a volatile raw material pricing environment. Celanese’s strategic measures, including operational cost savings through productivity actions and pricing initiatives are likely to provide an impetus to its earnings in 2018.
Celanese has outperformed the industryin a year’s time. While shares of the company have moved up around 33.8%, the industry gained roughly 15%.