By Stephen Nakrosis
Celanese said it was planning to divest its Micromax business, which supplies advanced electronic inks and pastes.
The specialty materials and chemical company said Monday its Micromax business is expected to generate over $300 million in 2025 revenue, adding the board and management are confident in the value created by a divestment.
Scott Richardson, the company's president and chief executive, said Celanese is focusing on deleveraging its balance sheet, and a regular review of its assets is part of that strategy.
Micromax's materials are used in a number of applications, including navigation and defense, medical monitoring and advanced circuit board components, Celanese said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 05, 2025 17:45 ET (21:45 GMT)
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