UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 8, 2009
CELANESE CORPORATION
(Exact Name of Registrant as Specified in Charter)
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| DELAWARE
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001-32410
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98-0420726 |
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.) |
1601 West LBJ Freeway, Dallas, Texas 75234-6034
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (972) 443-4000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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| Item 2.05 |
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Costs Associated with Exit or Disposal Activities |
On July 8, 2009, Celanese Corporation (the “Company”) announced that its wholly-owned French
subsidiary, Acetex Chimie, has completed the consultation procedure with the workers council on its
“Project of Closure” and social plan related to the
Company’s Pardies, France facility pursuant to which
the Company announced its formal intent to cease all of its
manufacturing operations there and its
associated activities.
As a result of the Project of Closure, the Company expects to record exit costs of
approximately $90-100 million, primarily in the second half of 2009, consisting of approximately
$70 million in personnel-related exit costs and approximately $20-$30 million of other
facility-related shutdown costs, which include demolition, remediation, contract termination costs
and accelerated depreciation of fixed assets. The Company expects that substantially all of the
exit costs (except for accelerated depreciation of fixed assets) will result in future cash
expenditures. Cash outflows will occur over a two-year period.
The information in this Item 2.05 contains certain “forward-looking statements,” which include
information concerning the company’s plans, objectives, goals, expected future cost associated with
the closure of the Pardies, France facility and other information that is not historical
information. All forward-looking statements are based upon current expectations and beliefs and
various assumptions. There can be no assurance that the company will realize these expectations or
that these beliefs will prove correct. There are a number of risks and uncertainties that could
cause actual results to differ materially from the forward-looking statements contained in herein.
Numerous factors, many of which are beyond the company’s control, could cause actual results to
differ materially from those expressed as forward-looking statements. Certain of these risk
factors are discussed in under the heading “Risk Factors” in the Company’s Annual Report on Form
10-K for the year ended December 31, 2008 with the Securities and Exchange Commission on February
13, 2009. Any forward-looking statement speaks only as of the date hereof, and the Company
undertakes no obligation to update any forward-looking statements to reflect events or
circumstances after the date hereof to reflect the occurrence of anticipated or unanticipated
events or circumstances.
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| Item 8.01 |
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Other Information |
On July 8, 2009 the Company issued a press release announcing the matters described in Item
2.05 of this Current Report on Form 8-K. A copy of the press release is attached hereto as Exhibit
99.1 and is incorporated herein by reference.
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| Item 9.01 |
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Financial Statements and Exhibits. |
(d) Exhibits
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| Exhibit Number |
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Description |
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99.1 |
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Press Release dated July 8, 2009. |
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