After more than 50 years, Celanese AG is exiting its regional headquarters in Summit, N.J.
The 45-acre site, which is the major administrative and research and development hub for Celanese's Ticona engineering resins business, will be sold, officials said. Some of the site's 290 employees will be transferred to Celanese sites in Shelby, N.C.; Florence, Ky.; and Auburn Hills, Mich. Of those 290 employees, 200 work for Ticona. The new U.S. headquarters for Ticona has not been determined.
The number of employees that will be transferred will be decided in 60-90 days, according to Ticona spokesman Paul Reichenbacher. An undetermined number of jobs will be eliminated.
Employees were told of the Summit site closing May 16.
``While it's difficult to leave our campus in Summit, our marketplace remains fiercely competitive,'' Ticona President Lyndon Cole said in a news release. ``It's imperative that we look at every opportunity to collocate resources and drive efficiencies.''
Officials added that the move is being made to avoid duplication of efforts at other facilities and to get closer to customers. In particular, much of Ticona's application development work can be done at its Auburn Hills facility.
Ticona is the third largest of Celanese's five divisions, with 2002 sales of 757 million euros ($836.3 million). That number represents a 2 percent drop from 2001.
Ticona is the world's largest acetal maker and also produces nylon, liquid-crystal polymers, polyphenylene sulfide, polybutylene terephthalate and other specialty resins.