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Celanese Corporation Annual Report 740000

Date: 1974
Length: 48 pages
88056308-88056355
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88056304/88056412/Celanese with British Celanese 4 700000
- 750000 Rwn
Area
SPEARS/BASEMENT GMP
Type
CONT, CONTRACT/AGREEMENT
BUDG, BUDGET/BUDGET REVIEW
PHOT, PHOTOGRAPH
Alias
88056308/88056355
Named Organization
Celanese, Celanese
German Health Ministry
RJR, R.J.Reynolds
Site
G65
Named Person
Sticht, J.P.
Request
R1-004
R1-132
Author (Organization)
Celanese, Celanese
Litigation
Stmn/Produced
Date Loaded
05 Jun 1998
UCSF Legacy ID
aam01e00

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Page 41: aam01e00
z- Non-U.S. Operations Celanese first extended manufacturing operations outside the U.S. in 1944. Today, consolidated non-U.S. subsidiaries and affiliates operate plants in 16 countries, and Celanese conducts manufacturing or selling operations in more than 60 countries. These operations are subject to the economic and political risks inherent in those countries. Many of the raw materials for these operations are purchased from non-affiliated suppliers throughout the world. Celanese international operations compete principally on price, ser- vice and product performance, and in most of the im- portant product areas are among the leading producers. The number of competitors in a market or country and the relative Celanese competitive position vary widely with the products and countries involved. A list of the non-U.S. op- erations, including product information and percentage of ownership, appears on page 43. Additional information on these operations is set forth below. Canada Celanese Canada Limited is one of three major producers in the Canadian man-made fiber industry, one of the larger producers in the textile industry and one of several pro- ducers in the Canadian chemical industry. Stein, Hall Limited, a subsidiary of Stein, Hall, makes and sells dry and liquid adhesives and sells starches and burlap carpet backing. A Celanese subsidiary, Alma Paint and Varnish Com- pany, Limited, makes and sells paints and coatings. Europe Another Stein, Hall subsidiary, Meyhall Chemical A.G., and its subsidiaries, make specialty chemicals that are sold through a network of agents in approximately 60 countries, chiefly in Europe and Asia. Amcel Europe, S.A., a Celanese subsidiary in Belgium, produces triacetate filament yarn, acetate filament yarn, acetate tow for cigarette filter material, and knitted (largely acetate) fabric. Celanese has a substantial minority interest in Ticona Polymerwerke G.m b.H., which operates an acetal copoly- mer plant in West Germany. Mexico Celanese Mexicana, S A. is among the largest manufac- turing companies in Mexico It is Mexico's largest producer of man-made fibers and largest privately owned producer of petrochemicals. Other Countries Celanese subsidiaries in Colombia, Venezuela and Brazil and an affiliate in Peru are important producers of man- made fibers in their respective countries. In Japan, Celanese has a substant al minority interest in Polyplastics Company Ltd , which produces and sells acetal copolymers. Research, Patents and Licensing Celanese maintains principal research and development laboratories at Summit, N J.; Charlotte, N.C.; Corpus Christi, Texas; Louisville, Ky.; and Greer, S.C More than 1,500 employees, including 600 professionals, are engaged in basic and applied research and development. In addition, product and process development laboratories are main- tained at some plants. Some subsidiaries and affiliates also maintain research laboratories. In 1973 and 1974. Celanese spent about $49 million and $58 million, respec- tively, on company-sponsored research activities to de- velop new products, processes or services, or to improve existing ones. Celanese owns, or is licensed under, numerous patents, some of which are important to specific commercial opera- tions. No one patent or group of patents, however, is consid- ered of material importance to the business as a whole. Celanese has developed and acquired technical informa- tion and owns patents in the chemical, fiber, surface coat- ing and plastic fields that it has licensed in varying degrees to affiliates and others worldwide. Employees On December 31, 1974, worldwide employment for Celan- ese Corporation and consolidated subsidiaries was approx- imately 38,000, including about 6,800 exempt technical. managerial and administrative workers. In addition, major affiliates abroad employed about 7,300 persons of which approximately 800 were technical, managerial and ad- ministrative workers. The majority of the Corporation's U.S. plants are organized by labor unions. The labor agreements generally are for terms of two or three years. Occasional work stoppages have occurred in some plants, but have not been considered of material importance to the business as a whole. Celanese offers comprehensive benefit plans for employees and their families and believes relations with employees are satisfactory. Effect of Governmental Policies Expenditures, including capital projects, for compliance with Federal, state and local antipollution regulations totaled about $20 million in 1974 and are expected to increase in future years. It is expected that increasingly stringent envi- ronmental regulations will be imposed on Celanese and the industry in general. Compliance with more stringent laws. regulations or enforcement policies may requ re expendi- tures for the installation and operation of pollution-control equipment in addition to those expenditures presently pro- jected or even the discont nuance of some operations. Raw Materials and Fuel Supplies Celanese and other businesses dependent on petroleum- based feedsiocks and fuel are experiencing higher raw material costs in certain business areas Celanese is pres- ently not experiencing any raw material or fuel shortages and believes it has contracts or com•n tments to meet its anticipated needs. Effect of U.S. Economic Conditions As a result of the economic slowdown Ceianese exper- ienced a sharp deckn-:~ n demard for most of its products in the latter part of 1974 To maintain inventories at an acceptable level, product on was curtailed at a number of plants in the U.S . Canada and Brazil This required both employee furloughs and temporary plant clos ngs. In add - tion, the colored acetate yarn portion of Celanese fac !ities in Cumberland, Md., is being closed permanently. 40 8~'iOSG3'19
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I Committees of the Board, Corporate Office and Management Executives Executive Committee John W. Brooks, Chairman Peter H. Conze Berkeley D. Johnson James R. Kennedy John Macomber Paul L. Miller Grayson M-P. Murphy John B.M. Place J. Paul Sticht Audit Committee Berkeley D. Johnson, Chairman Paul L. Miller Grayson M-P. Murphy John B.M. Place J. Paul Sticht Public Responsibility Committee Jerome B. Wiesner, Chairman EleanorT. Elliott Vernon E. Jordan, Jr. Grayson M-P. Murphy Salary and Stock Option Committee J. Paul Sticht, Chairman Berkeley D. Johnson Paul L. Miller Grayson M-P. Murphy Management Executives John W. Brooks* Chairman and Chief Executive Officer Peter H. Conze* Vice Chairman and Chief Operating Officer John Macomber* President and Chief Administrative Officer James R. Kennedy Vice Chairman Kenneth G. Anderson Vice President Bart H. Bossidy Group Vice President Arthur A. Cooksey Vice President and Controller Thomas J. Devine Vice President Robert L. Dietrich Vice President Allan R. Dragone Group Vice President Charles D. Francis, Jr. Vice President Gay V. Land Vice President Robert A. Longman Vice President General Counsel and Secretary Robert L. Mitchell Group Vice President Urban J. Monahan Vice President Richard S. Payne Vice President Paul C. Pearson Vice President J. Bailey Phelps President-Fiber lndustries, Inc. "Corporate Office Michael J. Samek Vice President Robert C. Schroeder Vice President M. Dow Sellers Vice President Harry I. Skilton Vice President Richard D. Smith Vice President Reiner G. Stoll Vice President David Taylor Vice President C. Robert Tully Vice President Chief Financial Officer and Treasurer James E. Wall Vice President Ira B. Wheeler, Jr. Vice President Mansel O. Wiley Vice President James J. Bigham Deputy Treasurer 41
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Celanesc Curpor;3-ti()n Loca:i0ns U.S. PLANT LOCATIONS* Fibers Fiber Industries, Inc. (62.5% owned) Greenville, South Carolina Polyester filament, nylon filament Darlington, South Carolina Polyester staple, polyester polymer, melded fabric Salisbury, North Carolina Polyester industrial filament, polyester staple, polymer Shelby, North Carolina Polyester filament and staple, nylon staple Celanese Fibers Company (a division of Celanese Corporation) Cumberland, Maryland Acetate and triacetate filament, smoking material Narrows, Virginia Acetate filament, staple and flake, cigarette tow Rock Hill, South Carolina Acetate filament and staple, triacetate filament and staple, acetate and triacetate flake Rome, Georgia Acetate filament, tricot fabric Camden Fibre Mills, Inc. Warminster, Pennsylvania High-loft nonwoven products, continuous filament batting Pama Manufacturing, Inc. Gastonia, North Carolina Tricot fabric Chemicals Celanese Chemical Company (a division of Celanese Corporation) Bay City, Texas Acetaldehyde, acetic acid, vinyl acetate, adipic acid, cyclo- hexanone, hexamethylenediamine, nylon salt, 1,6-hexanedrol Bishop, Texas Methanol, formaldehyde, paratormaldehyde, butyraldehyde7,3-butylene glycol, tnmeti1y!o/propane. per-,taerythrjto!- butano%. acetate esters Clear Lake, Texas Acrylic acid, acrylate eslers, melhanoi, etl;,'ene oxide ethy'e^e glycol, aeetaldehyde, acetrc acid, vin,' acetate Pampa, Texas Methyl ethyl ketone acetrc ac;C. ace',c ar-`,,dride. mult~- acetate, propionic acid, forrnic acid, acryiate este,s, functional acry!ales Terminals Bayport, Texas Newark.. New Jersey Rock Hill, South Carolina Formaldehyde Plastics Celanese Plastics Company (a division of Celanese Corporation) Bishop, Texas Acetal copolymer, po!ybutylene terephthalate Deer Park, Texas (leased) Nylon 6/6 Greer, South Carolina Polyester film Hilliard. Ohio Plastic pipe and fittings Celanese Piping Systems, Inc. Louisville, Kentucky Santa Ana, California Plastic pipe and fittings Narmco Materials, Inc. Costa Mesa, California (leased) Structural adhesives, fiberglass and graphile reinforced composi;e matenals Coatings & Specialties Celanese Coatings & Specialties Company Belvidere, New Jersey Auto, industrial, marine paints, resins Detroit, Michigan Auto paints Houston, Texas Trade sales paints Los Ange'es, California Resins Louisville, Kentucky Trade sales paints, auto and induslr,ai pa,nts. resins Riverside. California Auto, indus!,ial and marine pa,nts Stein, Hall & Co., Inc. Charleston, South Carolina and Cl,fton. New Jersey (leased) Food stabihzers, natural gur) p; oducts Charfotte North Ca-o'.j-~a a-d Bndo,~,,.,revr illrnojs Adhesives _.nd pC%, Fort Kent and Island Fai!s. P,1 : r.e Starch and ;,arcl, Long Island City Ne.,., Yor~-~ Adhesives Nevvark, California POlyrnerp'oCuciS adtle,";el 'JOdSta`;'_e; Vernon. Teras (le<:s~~~ Guar gum .a^d der: a' ~e~ 'All Compar,es rn 100% ownarshrp u-1 ' -`'e .v;~i, r _ ~: j,eo 42
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NON-U.S. SUBSIDIARIES AND AFFILIATES** Belgium ',mcel Europe, S.A. Acetate and triacetate filament, cigarette tow, acetate fabric Brazil Celanese do Brasil Fibras Quimicas Ltda. Nylon filament, carpet yarn Canada Alma Paint and Varnish Company, Ltd. Paints and coatings Celanese Canada Limited (56.6°0 owned) Acetate, triacetate and polypropylene filament and staple, cigarette tow, acetate flake, fabrics, carpets, acetic anhydride, acetic acid, methanol, pentaeryLhritol, formaldehyde lillhaven Fibres Limited (50% owned by Celanese Canada -imited and 50% by Fiber Industries, Inc.) Polyester filament, staple and industrial yarn Stein, Hall Limited Resin emulsions and solvent adhesives Colombia ,elanese Colombiana, S.A. (55.5% owned) Acetate, rayon and polyester filament and staple, nylon lilament, cigarette tow, cellophane, sulfur c acid, carbon bisulfide Germany Hager & Kassner G.m.b.H. (55% owned) Polyurethane specialties Ticona Polymerwerke G.m.b.H. (41 % owned) 4cetal copolymer India Hindustan Gum & Chemical Ltd. (50% owned) Natural guar gums Japan Polyplastics Co. Ltd. (45% owned) Acetal copolymer Korea Mexico Celanese Mexicana, S.A. (40% owned) Acetate and rayon filament and staple, polyester filament, stap!e and industrial yarn, nylon filament staple and industrral yarn, acrylic staple, cigarette tow, acetate flake, cellophane, purified cotton linter, cellulose, sodium sulfate, phthalic anhydride, acetic acid, acetic anhydride, alcohols, esters, kelones vinyl acetate, acrylates, cellulose acetate film and sheet, compounded acetal resins Netherlands Meypro B.V. Process guar gums Vamus B.V. Process guar gums Pakistan Pakistan Gum & Chemical Ltd. (60% owned) Natural guar gums Peru Rayon y Celanese Peruana, S.A. (39.9°io owned) Acetate and rayon filament, polyester filament and staple, fishnets, rope, sulfuric acid, aluminum sultate, activated carbon Portugal Indal LOA Locust bean gum South Africa Stein, Hall S A. (Pty.) Limited Natural guar gums Switzerland Meyhall Chemical A.G. Natural guar gum specialties Meypro A.G. Natural guar gum specialties Plast-Labor S.A Polyethylene specialties 1~10 Venezuela 71 ~ Pum ang Industrial Co (40% owned) Ltd ~ y . . Fabries Celanese Venezolana, S A(73 2°-o owned) Acetate and nylon lilament, polyester ~,rament an;i s.`^p ~. cigarette tow L.= 100% ownership unless otherwise indicated 43
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Transfer Agents and Registrars for Celanese Stocks Bankers Trust Company 485 Lexington Avenue, New York, New York 10017 Transfer Agent and Registrar-All Classes The First National Bank of Chicago One First National Plaza, Chicago, Illinois 60670 Transfer Agent-All Classes Continental Illinois National Bank and Trust Company of Chicago 231 South LaSalle Street, Chicago, Illinois 60673 Registrar-All Classes Bank of America, N.T. & S.A. 55 Hawthorne Street, San Francisco, California 94105 Transfer Agent and Registrar-Common Bankers Trust Company 9 Queen Victoria Street, London EC4P 4DB Transfer Agent-Preferred, Series A; 7% Second Preferred; Common First National City Bank 336, Strand, London WC2R 1 HB Registrar-Preferred, Series A; 7% Second Preferred; Common Trustee for 4% Convertible Subordinated Debentures Due 1990 Morgan Guaranty Trust Company of New York 23 Wall Street, New York, New York 10015 Copies of the 1974 Annual Reports of the non-U.S. subsidiaries and affiliates listed below may be obtained by writing to them at the following addresses: Celanese Canada Limited 800 Dorchester Boulevard West, Montreal 101,Quebec, Canada Celanese Colombiana, S.A. Apartado Aereo 8361. Bogota, Colombia Celanese Mexicana, S.A. Apartado Postal 112 Bis, Mexico 1, D.F. Celanese Venezolana, S.A. Apartado Postal 3631, Caracas, Venezuela Celanese Corporation 1211 Avenue of the Americas, New York, New York 10036 212: 764-7640 44
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._ ... , t_ , . . . ; Arnel, Ce/aner, Celan"e; Celanex; Celcon; telgard; <. hemrrol; Cyireland Y~rd/eyaTe r~giste_red#rademarks W`'x d~elex is atraderriarkofCeianese Corporation: ° : and Jones-Dabneyare registered trademarks an( P ~oly=Tsx Is a trademark of Celanese Coatings 8~ Specialties Company.
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CELANESE Celanese Corporation 1211 Avenue of the Americas New York, New York 10036 0 oO 0 ® ~ w C.1 ~
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