Celanese (CE) Starts Cost Evaluation Of Logistics Policies
Zacks Investment Research | Jun 11, 2018 09:09PM ET
Celanese Corporation (NYSE:CE) has started cost evaluation of all logistics policies and services for all products. This move came after continuous cost increases for logistics services. It will ensure processes and services to be conducted in the most efficient and economical manner.
Following the cost assessment, the company is anticipated to issue a new framework with guidelines for shipments and services to address elevated freight costs and limited availability of truck carrier capacity.
Additionally, Celanese is raising the prices of all truck shipments of selective acetyl intermediate products being sent from or delivered to the United States or Canada. The price hike of 3 cents per lb will be effective immediately for products, namely all grades of Formaldehyde and Paraformaldehyde, all grades of MIBC and MIBK, all grades of Ethylene Vinyl Acetate and all grades of Emulsion Polymers.
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