This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Celanese's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Stocks in this article: CE

2011 was a record earnings year for Celanese. Additionally, we hit several significant milestones critical to our commitment to grow earnings 10% to 15% per year. I’d like to highlight a few of these achievements.

First, we remain on track with our TCX ethanol technology commercialization plants. Not only are we meeting targets for our plants, but a few days ago, we saw a legislation introduced to the US Congress, that if passed, would open up ethanol produced using TCX technology to the $40 billion US ethanol fuels market.

Second, innovative new products and applications are making a larger contribution. For example, our emulsion products can now be found in nontraditional applications in the paper and carpet markets, as well as paints sold at the leading big-box retailer. Also, we’re excited about the pipeline of new-generation products from Ticona, Nutrinova, and our other businesses.

Third, the recently completed capacity expansions in AEM and the acetyl chain provide us with the capacity needed to support growth. This is particularly critical as we anticipate that global markets will continue to experience steady growth.

Fourth, we completed the acquisition of two product lines that will support Industrial Specialties’ strategic growth objectives. We continued a pursued approach of strategic bolt-on acquisitions.

Fifth, our results in productivity were continuous and sustainable. Across the company, hundreds of projects focused on sustainable productivity allowed us to meet or exceed our target of $40 million to $60 million of annual productivity net of inflation.

And lastly, off my announced intent to retire from Celanese in early April. The Celanese Board chose Mark Rohr to become our next Chairman and CEO. I’m confident that under Mark’s leadership, Celanese will continue to be successful in its strategic pursuit of becoming a premier chemical company.

As this will be my last earnings call, I’d like to publicly recognize the Celanese team who accepted the invitation to pursuit premier, and whose contributions I’ve had the privilege of discussing with our shareholders for almost 12 years. I’d also like to thank our investors, whose trusts and confidence in us was exceeded only by their willingness to offer their perceptive business insights and share their thought for world views.

Read the rest of this transcript for free on

3 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,054.67 +0.96 0.01%
S&P 500 2,091.47 +2.70 0.13%
NASDAQ 4,805.14 -1.7190 -0.04%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs