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People & Business :: Companies

Ticona Readies Site Move; Plans Expansion in Asia

2:41 PM MDT | July 18, 2007 | Natasha Alperowicz in Frankfurt

Ticona, the engineering plastics subsidiary of Celanese, says it will announce this month whether it will move its main European manufacturing complex from Kelsterbach, Germany to the Höchst Industrial Park or Wiesbaden. Höchst and Wiesbaden are located in the Rhine-Main area of Germany. The intended move follows an agreement with Fraport, the operator of Frankfurt Airport, to move Ticona’s operations from Kelsterbach to allow Fraport to build a fourth runway (CW, April 4, p. 15). Fraport agreed to pay Ticona €650 million ($864.5 million) to...

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