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tkg

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Alias Born 07/17/2013

tkg

Re: None

Tuesday, 05/31/2022 5:03:38 PM

Tuesday, May 31, 2022 5:03:38 PM

Post# of 203699
Scott Wapner was interviewing a guest on The Overtime Report (CNBC) and one of her picks was Celanase (CE), he asked her what do they do? She replied, they are a manufacturer of engineered polymers and Warren Buffet has recently blessed the company with purchases by Berkshire....I had to do a double take...;)

Here's the company profile for ref:

Celanese Corporation is a global chemical and specialty materials company. The Company is a producer of engineered polymers that are used in a variety of applications. The Company’s segments include Engineered Materials, Acetate Tow and Acetyl Chain.The Engineered Materials segment develops, produces and supplies a range of specialty polymers for automotive and medical applications, as well as industrial products and consumer electronics. The Acetate Tow segment is a global producer and supplier of acetate tow and acetate flake, primarily used in filter products applications. The Acetyl Chain segment includes the integrated chain of intermediate chemistry, emulsion polymers, ethylene vinyl acetate (EVA) polymers and redispersible powders (RDP) businesses. Its products include Polyoxymethylene, Ultra-high molecular weight polyethylene, Polybutylene terephthalate, Long-fiber reinforced thermoplastics, Acetic acid, Formaldehyde, Butyl acetate, Acetate tow, Acetaldehyde, and Acetate flake.
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