DALLAS, TX – Celanese is preparing to sell its Micromax electronic inks and paste unit as part of a broader push to cut debt and raise cash. The business, housed within its engineered materials division, is expected to bring in over $300 million in revenue this year.

The company aims to generate $1 billion from divestitures over the next 2.5 years, with Micromax positioned as the first in a series of sales.

The company was developed by DuPont and acquired by Celanese during its $11 billion buyout of DuPont’s mobility and materials segment in 2022.

CEO Scott Richardson emphasized the high level of interest in the unit and said that going public with the sale was a strategic move. Additional divestitures may come from both the engineered materials and acetyl chain businesses as Celanese looks to streamline around its core operations and prioritize deleveraging.

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