Move part of optimisation plan to deliver up to $10m in cost savings
Dallas, Texas – Celanese Corp. is closing its Vamac-branded elastomer production plant in Sarnia, Ontario, as part of a cost-saving programme aimed at delivering up to $10 million (€8.5 million).
In an 11 Aug earnings call, the group announced two “footprint optimisation” measures which it said could deliver between $5 million and $10 million in savings by 2026.
These include the Vamac elastomer facility in Sarnia and a redispersible powders production unit in Sempach, Switzerland.
All activities and capabilities from the two sites will be consolidated into the group’s existing manufacturing footprint, the US materials supplier said.
Celanese acquired the Vamac elastomers line in an $11-billion deal in 2022, taking over most of DuPont’s Mobility & Materials business.
As part of the transaction, Celanese added a broad portfolio of engineered thermoplastics and elastomers, brands and intellectual property, and global production assets.
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