KRONBERG, Germany, Dec. 20 /PRNewswire/ — Celanese AG (NYSE: CZ)(Frankfurt: CZZ) and Teijin
Limited announced today that they have signed a Marketing and Sales Assistance Agreement. Under the
terms of the agreement, Teijin will market Celanese Acetate filament products in Japan as an
independent consultant and assist in sales inthe Asia region. In a related move, Teijin will
discontinue production of acetate flake at its Matsuyama site in December 2001 and acetate filament
inFebruary 2002. The marketing alliance evolved out of ongoing joint venture discussions between
the parties. Both companies acknowledged that a contemplated jointventure was no longer viable due
to market conditions. The marketing alliance is the best way to meet the ongoing needs of Teijin
and Celanese acetate filament customers in the region. Celanese Acetate Textiles is the world’s
largest cellulose acetate filament producer. Its products are found in women’s and men’s apparel
fashions, linings, home furnishings and industrial end uses. Celanese acetate filament is currently
manufactured in the United States, Mexico and Belgium. Teijin Limited, established in June 1918,
was the first Japanese companyto produce rayon yarn and remained an innovator and leader in the
developmen tand commercialization of fibers. Today, the company’s operations encompassfour segments
— fibers, chemicals and plastics, pharmaceuticals and medical products, and diversified
businesses. The company has production and sales subsidiaries and affiliates in more than 10
countries. The parent company also has five overseas offices, as well as six plants and six
research institutes in Japan. Consolidated sales for the year ending March 2001 were761 billion
yen. Celanese AG is a global chemicals company with leading positions in itskey products and world
class process technology. The Celanese portfolio consists of five main businesses: Acetyl Products,
Intermediates, Acetate Products, Technical Polymers Ticona and Performance Products. The
Performance Products business consists of oriented polypropylene films (OPP), sweetenersand food
ingredients. Celanese generated sales of around euro 5.2 billion in2000 and has about 12,700
employees. The company has 30 production plants andsix research centers in 11 countries mainly in
North America, Europe and Asia.Copyright © 1996-2001 PR Newswire Association Inc. All Rights
Reserved.
