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Celanese to add PEEK to advanced materials portfolio

Global materials company Celanese (Dallas, TX) has announced that it will expand its high-end product portfolio by adding two premium product grades of polyether ether ketone (PEEK) in 2016. The company made the announcement as part of its Investors Day that it is hosting today to discuss growth-oriented strategies and initiatives it is putting in place. Celanese forecasts a compound annual growth rate of 10 and 15%, in earnings and cash flow, respectively, through 2018.

By adding this ultra-high performance polymer to its product lines, Celanese will be able to deliver greater value to molders, extruders and end users in key automotive, electronics, electrical, and industrial segments, the company said in a press release issued in advance of the event.

High-flow PEEK and high-flow reinforced PEEK will be introduced by Celanese in the second half of 2016.

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