Celanese to Sell Vectran Fiber Business
Celanese Corporation announced the sale of its Vectran polyarylate fiber business to Kuraray America Inc., a subsidiary of Kuraray Co., Ltd., Japan. Vectran had annual sales of approximately $6 million in 2004. The sale is consistent with Celanese's continuing efforts to focus on core chemical and engineering plastics businesses. Terms of the sale were not disclosed.
Vectran is a fiber made from a liquid crystal polymer, which can be used to produce thermoplastic fibers and multifilament yarns.
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