Celanese Corporation opened its expanded Michigan Technology Center (MTC) on February 19, 2026. The new facility adds more than 10,000 square feet of high‑bay processing space in Troy and nearly 4,000 square feet of updated laboratory and innovation space in Auburn Hills, all completed without Tier 1 or Tier 2 safety or environmental incidents.
The expansion consolidates piloting, application development, and advanced engineering prototyping under one roof, unifying talent, tools, and technology. By bringing these capabilities closer to customers, Celanese can engage earlier in the product development cycle, accelerate application development, and deepen long‑term partnerships across its 17+ Engineered Materials families—including Zytel®, Hytrel®, Forton®, and Santoprene®—which are key drivers of high‑margin growth in medical, electric‑vehicle, and connectivity markets.
Celanese’s Q4 2025 earnings release showed a full‑year GAAP diluted loss per share of $10.44 and adjusted EPS of $3.98, with net sales falling 7 % year‑over‑year to $9.5 billion. The company reported a Q4 EPS of $0.67 versus an estimate of $0.89, missing by $0.22, and revenue of $2.20 billion versus an estimate of $2.25 billion. Management cited a soft demand environment across automotive, paints, coatings, and construction as the primary reason for the miss. In its outlook, Celanese guided for Q1 2026 EPS of $0.70–$0.85, below the consensus estimate of $0.91, reflecting continued uncertainty in the near‑term market.
"The Michigan Technology Center represents a major step forward in our commitment to innovation and the long‑term growth of our EM business," said Todd Elliott, Senior Vice President of Engineered Materials. "By bringing advanced development capabilities closer to our customers while improving efficiencies, we strengthen our ability to co‑create differentiated solutions and drive the next wave of growth with our development partners."
CEO Scott Richardson emphasized the company’s confidence in its 2026 free‑cash‑flow target of $650–$750 million, noting that Celanese is "in a really good position" after bond refinancing and debt paydowns. CFO Chuck Kyrish added that the company feels "very confident" in meeting that target.
Investors responded with mixed sentiment, weighing the strategic investment in the MTC against the recent earnings miss and cautious guidance. The expansion signals Celanese’s commitment to long‑term growth, while the earnings data highlights the short‑term headwinds the company faces.
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