News

Degussa and Celanese form joint venture

08/03/2002

German bulk chemicals group Celanese is combining its oxo-chemicals operation with those of speciality chemicals company Degussa in order to cut costs.

Celanese has instigated a wide ranging restructuring since being formed from the chemical division of Hoechst in 1999 and has closed 15 sites, mainly in Germany, to cut costs.

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