Celanese AG approves Florence, Kentucky as the future North American headquarters of Ticona

07-Aug-2003

Celanese AG announced that its Board of Management has approved Florence, Kentucky to become the new North American regional headquarters of Ticona, its technical polymers business. This follows the decision to close the Summit, New Jersey site, which was announced earlier this year, and move operations to another Ticona US site in order to consolidate key functions to enhance customer service and improve internal operations. The main functions moving to Florence are Marketing, Product and Application Development, Customer Service, Administration as well as Research and Development.

"Our goal is to best position Ticona for Growth and Productivity, and therefore we decided to make a strategic investment to position us as a key growth business of Celanese AG," said Ticona president Lyndon Cole. "Florence was selected after carefully considering all site options in terms of the impact on the further development of Ticona. We concluded that the move to Florence will best enable us to achieve our goals of enhancing our commercialization velocity and improving our service to customers by reducing complexity and exploiting synergies resulting in more effectiveness and speed to market."

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