Celanese Corporation Announces Closure of Lanaken Facility

Celanese Corporation announced its intent to cease manufacturing operations at its acetate tow production facility in Lanaken, Belgium, by the second half of 2026. The decision is part of the company's strategy to streamline production costs and optimize its global network. The closure is expected to result in expenses of approximately $70–90 million, primarily due to non-cash accelerated depreciation and facility-related shutdown costs. Additionally, employee termination costs will be incurred, though the exact amount is subject to consultation with the works council and union representatives. The company will continue to supply customers and fulfill contractual obligations during the transition. The announcement was made on October 28, 2025, and the closure is expected to impact approximately 160 employees.