Methyl Isobutyl Carbinol (MIBC) and Methyl Isobutyl Ketone (MIBK)
Paraformaldehyde
Sustained below freezing temperatures at Celanese’s operating sites and those of its suppliers and logistics partners have resulted in the inability of Celanese sites to receive natural gas, electricity, industrial gas, potable and firefighting water and other raw materials necessary to safely and reliably operate the plants. Without access to such utilities, Celanese has been forced to shut down its impacted production facilities until they can be operated safely and consistently. As a result of these shutdowns, Celanese is forced to curtail its western hemisphere production of the above products and declare Force Majeure under its sales contracts.
Operator
Greetings and welcome to Celanese s Q4 Call and Webcast. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Brandon Ayache, Senior Director, Investor Relations. Thank you. You may begin.
Brandon Ayache
Senior Director, Investor Relations
Welcome to the Celanese Corporation Fourth Quarter 2020 earnings conference call. My name is Brandon Ayache, Senior Director, Investor Relations.
With me today on the call are Lori Ryerkerk, Chairman of the Board and Chief Executive Officer, and Scott Richardson, Chief Financial Officer.
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, today announced price increases on its portfolio of engineered materials in response to strengthening demand for its