About This Company
Celanese Corporation
History
2002
- The Rurchemie plant in Oberhausen celebrates its 75th
anniversary on October 28th, while the Pampa, Texas site
celebrates its 50th anniversary.
October 25, 1999
- Celanese AG becomes a publicly traded German stock
corporation listed on the New York and Frankfurt stock
exchanges.
October 22, 1999
- Celanese AG is entered into the German Commercial
Register.
July 16, 1999
- At an Extraordinary General Meeting of Hoechst AG, the
overwhelming majority of shareholders agrees to spin off
Celanese AG into an independent company. The so-called
demerger is part of Hoechst's strategy of focusing on its
life science businesses.
1998
- At its autumn press conference, Hoechst announces plans to
demerge most of its chemical activities to the new Celanese
AG because it is the most direct, quickest and simplest way
to speed up the transformation of the Group. On December 1,
Hoechst and Rhône-Poulenc S.A. announce their plans to merge
their life science businesses into the new company Aventis
S.A., based in Strasbourg.
1997
- As a result of the strategic realignment of Hoechst AG,
the various businesses are transferred to independent
companies. The global basic chemical, cellulose acetate,
phosphorous and chlorine businesses become part of Celanese.
The independent company Ticona - market leader in the field
of polyacetals - runs the technical polymers business.
In May, the Annual General Meeting approves the realignment
of the Group. On July 1, Hoechst AG becomes a Strategic
Management Holding company and no longer does any operating
business itself.
1994
- "Transition '94": the beginning of the realignment of the
Group and the introduction of a new organizational
structure.
1987
- Hoechst AG acquires Celanese Corporation for $2.85
billion. After the approval of the friendly takeover by the
U.S. cartel authorities on February 20, 1987, Celanese and
American Hoechst Corporation join forces to form Hoechst
Celanese Corporation in the U.S. Celanese strengthens
Hoechst's fiber, organic chemical and specialty chemical
businesses.
1979
- Hoechst takes over the polyester film business of Celanese
in Greer, North Carolina.
1961
- Celanese Corporation of America and Hoechst AG set up the
Ticona Polymerwerke joint venture in Kelsterbach, Germany.
The production of the polyacetate Hostaform, a
high-performance plastic for technical applications, begins
in 1963.
1956
- Camille Dreyfus dies. He was one of the founders of
Celanese and was President of Celanese Corporation of
America for 27 years. After the death of his brother and
co-founder Henri in 1945, Camille Dreyfus was also Managing
Director of British Celanese.
1945-1960
- In the U.S., Celanese establishes production plants in the
Texan cities of Bishop in 1945, Corpus Christi in 1946 and
Pampa in 1952 for the production of acetaldehyde,
formaldehyde, methanol, and acetone. But Celanese fibers
remain the company's most important product line. The use of
acetate tow in cigarette filters opens up a new business
area.
1927
- The Dreyfus brothers' U.S.
subsidiary changes its name from Amcelle to "Celanese
Corporation of America". The company, which produces fibers,
plastics and chemicals, becomes one of the largest chemicals
manufacturers in the country. In 1926, Celanese Canada is
founded. From 1927 onwards, artificial silk is produced at
the Canadian factory in Drummondville.
1921
- British Celanese begins commercial production of acetate
yarn, taking advantage of a number of its new inventions,
ranging from the technique used to spin thread to the
treatment of dyed fibres. This change in direction ensures
the company's survival.
1918
- The company gets into difficulties when all its paint
contracts are cancelled after the First World War. The
Dreyfus brothers concentrate on the production of acetate
fibers. "British Celanese & Chemical Manufacturing Co."
changes its name to "British Celanese Limited".
1917
- Under the guidance of Camille Dreyfus, "The American
Cellulose & Chemical Manufacturing Company", known as "Amcelle"
for short, is founded in New York with a production facility
in Cumberland, Maryland.
1916
- The British Government invites the Dreyfus brothers to
Britain to produce their new airplane paint along with the
intermediate product acetic acid which was being imported
from Canada at the time due to the First World War. The
British Government patented the process developed by Henri
Dreyfus which lowered the costs of acetic acid anhydride
production. "British Celanese & Chemical Manufacturing Co."
is set up. Henri Dreyfus manages the company with its
workforce of 14,000.
1913
- The company "Cellonit" is established. Cellonit
contributes greatly to the development of new film materials
and finds a sponsor in the Parisian film industrialist Pathe.
The product line is diversified to include paints for German
airplanes and Zeppelins.
1912
- Henri Dreyfus, who was working for Hoffmann La Roche at
the time, asks the entrepreneur Alexander Clavel-Respinger
for financial support and assistance in the production of
fireproof celluloid out of cellulose acetate. On December
28, 1912, Clavel and the two Dreyfus brothers set up "Cellonit
Gesellschaft Dreyfus & Co." in Basle.
1880
- "Farbwerke vorm. Meister Lucius
& Brüning", the predecessor of Hoechst AG, modernizes its
legal structure by becoming a joint stock company and lists
its shares on the Frankfurt stock exchange in 1888.
1863
- Carl Friedrich Wilhelm Meister, Eugen N. Lucius und Ludwig
August Müller set up a production facility in Höchst am Main
to manufacture coal tar dyes. The chemist Adolf Brüning, who
became a co-partner in 1865, five workers and a clerk formed
the company's first workforce. Hoechst's first product was
fuchsine, a purple-red dye, earning the young company the
nickname of the "Red Factory" among its neighbors. Based on
hard coal products, a wide range of dyes were developed and
sold throughout the world.
Source:
www.celanese.com |