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Celanese Commercial Technology Center Opens In Pangyo, South Korea

Stocks in this article: CE

Celanese Corporation (NYSE: CE), a global technology and specialty materials company, today announced the opening of the new Celanese Commercial Technology Center in the high technology valley of Pangyo, Republic of Korea. The research and development center will support the growth of Celanese customers in South Korea, advance the technical capabilities of the Celanese product portfolio, and ensure the company is growing with its global customer base.

“South Korea is at the forefront of many of today’s global technologies, and some of the world’s most significant innovations are coming from this region,” said Mark Rohr, Celanese chairman and chief executive officer. “For Celanese to best serve our customers – and advance the creation of their products and solutions – we need our research and development team to have a strong presence in South Korea. This center creates a place for our technologists to continue to work directly with our customers and have meaningful interactions that will help Celanese become their first-choice chemistry solution source.”

The center will support the technology and chemistry innovations which serve such industries as electrical and electronics, automotive, consumer products, and information technology, as well as the emerging markets of life sciences, robotics and semiconductors. The team of talented technologists will support Celanese customers in the region who are accelerating global product innovations such as smartphone technology, tablet and computer application systems, information technology devices, electric vehicles and battery storage systems.

The Celanese Commercial Technology Center – Korea is the second research and development facility for Celanese in the Asia region. In 2010, the Celanese Commercial Technology Center – Shanghai was established to support the company’s Asia businesses, customer application development, and research and development resources within China.

“Our customers in South Korea are leading innovators in the technologies of tomorrow,” said Mark Oberle, Celanese senior vice president, Asia. “Our on-the-ground team, supported by our colleagues in the region, will be able to collaborate with our customers to quickly design, develop and launch differentiated, competitive products and fresh solutions that solve their most critical business needs. We have a well-established history in Korea and look forward to a successful future for both our customers and for Celanese.”

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