US-based Celanese is attempting to sell its vinyl acetate
monomer (VAM) unit in Tarragona, Spain, the company said on
The capacity of the VAM unit is 200,000 tpy, according
to the company. Celanese said it is committed to taking the
appropriate time to find a "credible buyer" for the unit, with
primary focus on industrial candidates.
To help with the sales process, Celanese has hired Paris-based
consultancy JH Lillian & Co., an advisory firm specializing
in the chemicals industry.
Celanese said the decision to sell the plant was driven by
a recently completed assessment of the
company's overall corporate strategy, which included an
assessment of the companys global manufacturing facilities.
"Specifically in support of the companys Acetyl
Intermediates business, the manufacturing footprint strategy
favors integrated production sites that provide critical
economies of scale," Celanese officials said.
Celanese employs 70 full-time workers at the Tarragona
The company is also looking to sell a 34,000
tpy acetic anhydride facility in Roussillon, France. That
site has an employment base of 30 full-time workers.
"The sale process for both facilities will be open to a broad
range of candidates," the company said.
"However, the selection of the buyers will be based on specific
criteria, including the ability of the buyers to ensure
sustainable operations, retain employees and their ability to
meet certain financial conditions."