Celanese Corporation (NYSE:CE), a global technology and specialty materials company, today announced the company’s board of directors increased its share repurchase authorization to $400 million. As of September 30, 2012, the company had $136 million remaining under its previous authorization. The authorization gives management discretion in determining the timing and conditions under which shares may be repurchased.
"This increased share repurchase authorization reflects the confidence we have in our business and its ability to generate strong cash flow today and in the future," said Mark Rohr, chairman and chief executive officer. "With this authorization, we will continue to pursue our balanced cash deployment strategy, including opportunistic share repurchases, which we expect will drive increased shareholder value."
Celanese Corporation is a global technology leader in the production of specialty materials and chemical products that are used in most major industries and consumer applications. Our products, essential to everyday living, are manufactured in North America, Europe and Asia. Known for operational excellence, sustainability and premier safety performance, Celanese delivers value to customers around the globe with best-in-class technologies. Based in Dallas, Texas, the company employs approximately 7,600
employees worldwide and had 2011 net sales of $6.8 billion, with approximately 73% generated outside of North America. For more information about Celanese Corporation and its global product offerings, visit
or the company’s blog at
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