Celanese Swings Into Net Loss for Fourth-quarter 2015 on One-Time Charges, Sets 2016 Capex Between $250 Million and $300 Million

SUGAR LAND--January 25, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Celanese Corporation (NYSE:CE) (Dallas, Texas) reported a net loss of $301 million for fourth-quarter 2015, compared with net income of $151 million in the same quarter a year earlier, largely as a result of expenses related to the termination of a supplier agreement, and an asset impairment loss related to ethanol unit at a China facility. Net sales for the quarter totaled $1.33 billion, down 15% from $1.56 billion a year earlier, largely as result of a decline in acetyl chain revenue income, company executives said. Industrial Info is tracking 22 active Celanese projects worth $961.33 million. Within this article: Details methanol plant projects by Celanese.