Celanese stops production of MMA at Cangrejera facility in Mexico
Celanese has stopped production, storage and distribution of monomethylamine (MMA) at its facility in Cangrejera, Mexico.
The company will be stopping production of both anhydrous and 50% solution grades of MMA.
It has taken the decision to cease production and distribution of MMA after a strategic business review and feels that it is no longer viable business option.
However, Celanese will continue with production of dimethylamine (DMA) and trimethylamine (TMA), and focus on the expansion of company’s amines business, along with other key acetyl products manufactured at the production facility.
The company has completely converted MMA production equipment at the Cangrejera facility to produce increased volumes of DMA and TMA.
In future, the Cangrejera facility will be used only for production of DMA and TMA.
Earlier this month, the company successfully completed a debt transaction to refinance its secured credit facility with a new one consisting of a $500m unsecured term loan and a $1bn unsecured revolver, each maturing in July 2021. The existing secured credit facility was terminated accordingly.
Celanese produces differentiated chemistry solutions and specialty materials used in most major industries and consumer applications.
The company has a workforce of approximately 7,000 employees worldwide and the company made a net sale of $5.7bn in 2015.