Document rx41qBD3DqxE3OanY3OGJawD0
FILE NAME: Celanese (CEL) DATE: 1985
DOC#: CEL007 DOCUM ENT DESCRIPTION: Company Listing in Business Directory Moody's Industrial Manual
1985
VOL. 1 A-I
COVERING NEW YORK, AMERICAN & REGIONAL
STOCK EXCHANGES
MOODY'S.
INDUSTRIAL MANUAL
SHEILA S. LAM BERT, Publisher HOWARD G. KIEDAISCH, Associate Publisher Mic h a e l A. r a b b ia , Manager Manual Dept. b r ia n T. COFFEY, Manager Supplement Dept.
ROBERT p. HANSON, Editor-in-Chief
Editorial Staff
DANIEL ARCHILLA ANGELICA R. CARROLL ALFRED G. ELLINGHAM ALVIN E. GOVIA JOHN J. IERACI DIANE R. KRUTZ
WILLIAM H. MOORE WILLIAM M. PACCIONE FRANK R. PLATAROTE BERNARDO G. SCERI, JR. EARL STEPHENS MARK L. ZW IEBACK
Moody's Investors Service
acompany of The Dun &Bradstreet Corporation
i
SEE FOLLOWING PAGE FOR COMPLETE LIST OF OFFICES
MCoOpOyrDigYh'tSIN1V9E8S5TbOvRS SERVICE, INC. New York All rights reserved.
MOODY'S INDUSTRIAL MANUAL
113
CELANESE CORPORATION
CL OANPGITTAELRISsMsTuReDUECBTTU R E
Rating OuAtsmtaonudnitng
Times 1C9h8a4rges Ear1n9e83d
InDtaetreesst
PCraiclle 1984Price Range1983
21.. S1i0n%ki%ngnfoutnesd, d1e9b8.7 l.l.%....s...,..2..0..0..5.................................................... AA 33 3. Conv. subord. deb. 4s, 1990 .
$ 11200000.,,020070090.,,000000000
AJJ &8&tOJJ 11155
[H110080.70 [3100
9982891%/a--- 97g7o2% W8988tfc--- 698573u
45.. 4C%on%v.nsoutbeo, rddu.ede1b9.909%...s..,..2..0..0..6....
Baa 1 Baa 1
99.990.000
22,000,000
JT& D 15 [3107.15 120 -100 1183/4-84
867...
6O9%%th%%er nnnooottteee,,sdd.uuee
1987 1996
................ ..........
131844.,,100100000.,,000000000
4.05
3.20
aaa ........................... a...
11901... 98S..u41b5%s%ifdiniraosrttieme,std'gdueee. bb1o9tn9..d7...s...,......1....9....8..7
861274,.,070070040,.,000000000
C1A. P4I%T%ALcuISsmTsu.OepCreKferred, series A ....................... V$P1aal0ur0e O8u5At0sm,t9ao0n2udnsithnsg.)
N1E9.A8a4.rned perN1S9.A8h3..
D1i9v8s4. per Sh.1983 PCraiclle ($4.50 S4.50
1984Price Range1983 383/4- 34 39 - 35
243... SC73%ocmcuummm.o.cnos.en..cv..o...n.p.d.r..e.p.f.r.e.e.r.f.e.e.n.r..cr..ee..d................................................................................................. NNSoo1p0p0aarr
372,53,76638shshs.sJ. 13,523,759 shs. m sio.87
Q3S6.89
37..0000 4.10
437...000000 N160.50C.
451/2- 451/2 49 ^30% 82 *" 23/4 798/4l'45
for s(iTnJkBinagsedfuonnd,asveeerategxet.shUsJ.Pansvraetpeioyrtpeldacbeyd.CSoA. Flsoor coatlhlaebrleeafronresdinpkeirngshf.udnadt;as,eseeeteuxnt.dQeDr B"FegininannincgiaJlu&lyO1p5e, r1a9t8in5g. Data," below. [Subject to change; a.ls.o. callable
THhIISenTcAOomRrpYeorricaatendCienlluDloeslaew&arCeh, eJma nic.a5l ,M1f9g1.8C, oa.s,
$C2o4.,0,0to00,U00n0i,onhalPfapciafiidc JPaent.ro5l,e u1m970Caonrpd. bfaolr ance in 3 equal annual installm ents beginning
tCuor.e, dcyoammplse.ted th e w ith_d raw al fro m th e tex Also in Ju ly 1982, Fibers In d u stries/In c.
oLftdA.;mnearmicae Achpar.n2g8e,d19to27C; perlaenseenset tCitolerpaodroaptitoend A pr. 13, 1966.
in I1n97F1e. b. 1971 acquired D u p la n C o rp .'s B rad ley P lant in Cleve., T enn. for approx. $14 mil
pp oeIrlnymeJasunt eleyrnft1il9lya8m3,ceClnoots.esbdpei nc2no0im0n,eg0 0tch0ae,p0a0s oc0il et yps.ot oucnk-d`hso lod f
uowpIonnned19tus2u7rnbaisncidgqiuairoryve,deSrcaotfonettyrtohCleeolflluaCltoteeildlrulCaooid.wCCheoolrlllpuy. lwiohInonl(lAsyo-plodrw. i1nn9eD7d1ecms.ue1br9sg7ie3dd)i.aSryteinofHCa lol. &bCy o.isisnutionga eipnregroitafhlFeCi3bh7eeVrm2Ii%ncdaiulnsItetnrrdieeussst,tfrIoinercms. pe(irFclyI. IAo) wsbnoyefpdDuberycch.Ia3ms0,
l1o9i4d1Cpourrps.uwa natstmo perlga nedd awtietdh Mcoamr.p7a,n1y94in1. D ec., For com plete details of m erger plan, see
3scho50ma,r7me6o9cno.cmommomnofnorsheaarcehs sohna rethSetebinasHisalolf CloA.
b1i9l8it3i,esF tIrIawn safserlirqeuditdoatCeod. a n d its a:ssets a n d lia In Aug. 1979, Am erican
Mfo roOomndeFyre'gsbe.1r97o4,f11T9In4u6db,uiszstetorcRiakalhyMooldanneCrusaoalr.pp.pSrotovcekdhpolladn
sciaosInhn. oJuf nCea1b9o7t1Caocqrpu.irfeodr Paibpoinugt S$1y4s,t5e0m0,s00D0iviin
HneoDsesivciahsnisotdnCcoeS.rataalcei:qnuoirtehde rthaesspeotlsy eastteCrof.i'slmGbrueesri, S.C. p lan t. T h e C o.'s said H o ech st p a id a b o u t
be6,rizs1e9o4Rf6al.ayUtotnenrd e4cr9o't4me%rpmapnsryeoffeamrprpeerdrogvseterodhcokplldraeencrseoinovfeFdTeuibn-.- SS yaAnstltesamoAsinn, aIJ,nuCcn.aelt,.o, 1po9l7ap1se,trifacotpermipLeeodufiiCtstveinillaglnese,psKleaynP.t,ispaianncdg
$a7b5o,u00t 0$,02000,0f0o0r,0t0h0e ffoixredcearntadino tchuerrreansst eatsssaentsd. Co. said it received about $80,000,000 and will
encxhescaehnagCneogfreopr.S4oe.an7c5ahfis3rhscatorpemrefmofeor rnsrehsdahraesrteobscaksoisfo.fTIunCbeeilzxae qCueIilnrEeud1r9fo7r,1oNmd.iVvC.easbtoedt CCoerlpa.nese E q u ities Co. an d rAthegceerpeiveoemlyteehnsetterwremfiitlhaminAadnmedreorrievcseairnn amHfaiovneeuc-fhyasectaturirnpicnelrguidoreeds.
RC eaOlyanonneDsehecoC.ldo1er,pr1s.94re7c, eciovmedp a2ncyotmo omkono vsehraarlelsaocf
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.2it6s2,u91b,9is71h39i7sA4o
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aqoturei$rC8eo,d0.
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,
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in ion
sfaecairlcithiesa na dt Gdreeveer,loSp.Cm.eanst waenldl aasdcmerintaiisntrtaetcivhe nology and patent rights. Agreement provides
tIinvci.t,i eCs e fl aonr me seerPl yl a cs toinc sd uCcot er pd.,bCye lCa ne leasneeCs eh eCmoi., cal Corp., Tubize, Inc., Staunton Textile Corp.
farnoOdmn SACtouogray.th5Cy,hl1ee9mn7e4i,c, aalcSCq.ouAri.rp,e.dfoSPrwl$ai3stt,z0-eL0r0al,ab0no0d0r,. Sf.Ao r.
tphoalyt eAstmererriecsainn fHoor escohftstd rwinilkl sbuopttplelys fCoor.uwp ittoh five years. In addition production capacity for
asinddiaBrireisdwg eewreadteirssToelvxetidleNCo vo.rp2.9,A1l9l 4s7e.v en su b In Aug., 1959 form ed Chemcell, Ltd. to co
$4,I6n76O,0c0t.0.1974, acqu ired N a rm co m aterials di vision of W hittaker Corp.
pInedtpuasctrireess,inInwc.ilPl ablembeuttiolt pblya nCtoa.taDt athrleinFgitboenr, S.C. also it is planned th at the celgard m icro-
oJardn i.,n a1t9e63)a.ll foreign activities (dissolved in hoCldainngadcioanm Cp ahneymsicuablsi&diaCreyl,luwloassedCisos.oLlvtedd., ina
enIenoNp eorva.tio1n974a,t sDolederhiPgahrkd,eTn seixtya sptoolySeothltyelx P oIlny m1e97r5Caocrpq.ufiorerd$7R7a,0m00s,e0y00S. eed Co. an d its
pitos rSouums mfilimt, Np.rJo.dlouccattiloinne. will b-e*cvon; tinu ed a t In
A uIgn.,M19a5y9,. 1960, acqu ired n e t assets of P lastic Horizons, Inc., m anufacturers of polyethylene
sPurbilsIinddiaursyt,riPersi,llIcnoct.e).In d u strie s, Inc. (now Cel In M ay 1976, G row C hem ical C orp. p u r
lTuumDniebveia1s9tCi7tue3l,rleuClooofs. eCcCoolmou.m,pb(leCiatoelCdceedlll)iuvlsoeussbetsitiCudoriea. rLyot,df t.:hCrou sale of C anadian Cellulose Co., a unit of Co
film w ith plants in Paterson, N .J. and Batavia, 111I.n A ug. 1963, a c a u ire d a n d in M a r. 1964,
cRChaoayasxteiindogltdsh eM&DareSivnpoeeecdiTailvriaitsideioes nSsCaofle.r,os msaunbtdhseDideiCaveroylae,naefnosder
bllouiasme. bUCiaon.d,Cewerlhltueiclrohmsiess, oatfnodaBegarelintCicsyohlocCefloBilsruimtliesbfhti..awCCiotlheulomluut
dFiisbIsneorlDvIeendcd.,uY1s9tar6ri3de slae.cyqInPucilr.aes(dtfiocardCmdoei.t,rilCoynoa5lul0m%inbtueorswe, nsOte.din)
$2I8n,00N0,o0v0.0 i1n97c8a,shacaqnudirpefdd.aslltotchke. o u tstan d in g shares of Joseph H arris Co., Inc. in exchange
araennlyyiepvaeasdysemotsfe.natNllaesoibtahliregerastuCiolotn.osfnwdoeriathlC, robelucsteplbeocretth,cteowive1ersdet
galisvoingacitq ucoirnetdromllianjgo irnittye reinstteorfes6t2Vin&%C. hInem1c9e6l3l (1963) Ltd.
SfoprIen2c2iaJ2lu,t0il0ey1s Cs1h9oa7. 9re, sfoofrmCeodrp.C'seclaonmesmeoPn lsatsotcicks.
&
mU.tSg.e.$6b8o,0n0d0s,00o0f , Canandabdaiannk Cd eeblltuloofseo,thteortasluinbg sBidoinadrsiesa,re togtuaalirnagn te$e1d4,b0y00,B00r0itis(hC.Canoaludmiabni)a.
R
aIIynnnAOo
lucagts..
C119o966.4,4Imancceq.rufgoierrde8dC6n0h,ea4tm0a0ps,0sl0ien0ts.Ooifl
D &
ev R
o e
e fi
& n
ing Co. b y issuance of 2,848,987 com m on and
&62I.5nC%oOmicnet.trec1ri9eo7s9tL,inCtdeSal.aa,nfresosuneb-dTsioediiBjainrryaSz, i.AlaI.c,nqdaudimruesadtkreiaar of polyester fibers for $13,000,000.
gh$1oo,lv5de0er0rn,s0m0oe0fn(trC.eAacnosarpddaiarotnno),fModreaay$l1,.2C850o, lac1e9sl7hp3.f.(drCe. csaehniaavrdeeid
(1s0oI0ln,d00ND0oevcn..,e3w11,9614c9,o639n0)v.0e,r4t7i b9 lce o mp rme foenr esnhcaer e ss hwaerrees
C oImn pManayy. 1980, form ed C elanese In tern atio n a l In Aug. 1980 m erged V irginia Chem icals
wannain)dciaihnnwaCacseclrpluuaelioddsebd'ysivCicdooem.nTd. hsarhrusr.edaeararaelg7eo9sw%/pnoeadfrtCrboayf B ritish C olum bia governm en t concern. 1,4%
iwsstsohuoceksdeo fpforFirendcoiepwraanlleErasnshsaiempt ewolifnagstw&thoeS tcaoomurptpsoitnraagntdiCoinong.s, now carried on as FESCO, Inc. (sola in N ov.,
Iicsnoscmu.aminnoctoen Csotofomc1kp.2aannmyd.ilTtlhihoeenpmasheyramgreeersnrteoosffu l$Ct2eodmmiipnllatinohyne to stockholders who elected to take cash in
bcCoyomlcC.eosl hlpcaefrdle.hposfhdlda. eresrshhaoorltedhheeorrsltdhreearcsneiCavnoe.ddO^27n%sJhusbn.ye.a2ni9tds.
a1r9yI6n,6)7.M1%a yin1t9e6re5,staicnquSi.rIe.Ad,.Ct.hEr.o,uogpheraatsinugb stirdeie
lcioeImunopfOosuctnto.dcek1d9f8oa0rd, thhseoesliidrvseehsmabrueulsss.iinoenssp otolyUmneirosnaOn dil
tcohonemeir.cossmhhsa..rsehwh. oiotlhfdoCeurastn, saoudtrihraeennrCdteehlralunolorCseeoxfycohrraeencageciehveoodff th e Colcel shs. Co. h a d ow ned 91.3% Jof Colcel.
fSaircIminlysO. (acSnt.odl1ap9i6an5p,MearaBbyor1iat9ir6sdh9.m)suilbl saidt iaFriyu,maecfqreudiroesd, CsidoIminarpMyanaoyrf.oC1fo9Cm81apliFafnoibryne)irau.Innidt ucsotmriepsleItendc.th(ae psuubr asJoEinatstVeernntuCreosr:pI.n s1ig9n78edu naints aogfrCeeom. aenndt #wTeixth
fsLottardn.da(ibsnoogludtsihn$a41r8e9,6s590)o0.x,00B0ri.tsiusbh stPaanitniatslly(Haollldoinugt) c$F3ha0ay,se0et0t0eo,v0fi0la0le. ,pCNoel.lyCaen.s,etsfeerroCmfiolarMpm.oesnnastiadyn attohmeCuopmrlpatn.,atflsoionr sSaitaceuIdanidpAuesrttrarobiceiahs'esCmgoiorcpva.el trconomjmoeipnnltte-lxoywbanut eiAlddlrSaJanuudbdaoii^lpBeoarn
& INnicMhoa ylso1n96L9,tdso.,ldfoilnlotewreinsgt taopBp erorgvearl, Joefndseoanl by B.J.N. stockholders. Deal mvolved issu
ttwhuierlilnnpgea"xytteMycehoannrostaloongftouyn,adws hrmeicsuhecahcrocauhsld$o8nl,e0"a0id0n,-t0loi0n0aeontveexewr
tshuecIncPeNsesrofsuvial.lny1i9Gn83umlCfi.do-T.1ha98ne4d.uAn imt ecraimcaen oCnyasnft/ra'.em-'ar*mid
caon6m,c0e0. 0tos,0to0C0cekol,afnr1ee0spe%reosufenns1te1icn,8ug2r0e,2d090l.04o%asnhsso.tfoocfokBu, t.swJt.giNt.h'.,
fpoarym rooyf aplotileysestoterMfaobnrsiacn. tCoof.ournniet walsporowdouucltds generated by that research.
mCoe.n tenbtaesreedd oinntoa anejwo inpot ldyeavcreylolopnmiternilte,a(gpraene) precursor. The program w ill.focus/ox*a
wlaonaadrnraasnt4ots-cyktoeaaprnudnrcowhteaasrferoa6rn,0t0s20,w3,090e90r,e0a0dt0od. iUtbieonnssaeolclusdhresa.dt,
I
n
cIAn. l sJou inneJ
1981, acquired u n e 1981, sold
QTM autom
Cons otive
olid coa
ated, tings
ucf oanrni qcCuaeyr baanoc arnymlfiiicdb teCercohp. nrwoodhl oui cgchyt sphrewol dvh iiocdnhelsycpabrnye/cbAuemr steoarriia
pBaJrN. IsnhsJ. atno.,Sh1e9r7w0,inc-oWmilplaianmy ssColod. a1t1,S62I.04,540a0 buIsninSeessptt.o1I9n8m1,oancqt CuiorerpdoSrpateieodnl.ing, I<nc.
ldoursetdriatol ahpipglhicpateirofnosr.m ance ae. ro sp. ac. e,.a n. d Vin
OtiilleI.ncoSmeppta.,ni1e9s6.6 acq u ired g ro u p of F re n c h tex b uAIsnilnsOeoscsmt.to1S9De8po1t,m. si1on9lid8o1mn, Tsooesltxdtoieflenpsgi,piIninnecge.rsinygstefambsritcos SUFBuSn cIDtiIoAnRsIpErSim arily as a n op^era tin g Compa
DC oeOcrp.n.1,J9ur6en9f)ei.n e1r, 1o9f6p7eatrcoalueiurmed pProondtuicacts R(esofilndinign
N iAbclsoo, Iinnc. O ct. 1981, C elanese C an ad a, Inc. sold its carpet business to St. Georges Interna
nasy .oAthserowf iDseeci.n3d1ic, a1te98d4,inowp anreedn t1h0e0s%is)(eoxf.ctehpet voting control of the following m ajor subsidi-
lluolsOoasnAeJkCutoliye. bL1ot,dl1a.9gc6eo8t.msSomaldloen1r,es2hd3s0u.,c0te0od0SCcvooemlnuspmkaabniyCa'esCllieunl-
tnioounnalc,edInpc.lanasn dtoF iwb eitrhdIrnadwu sftrrioems y a m business by D ecem ber, 1982.
Itnecx.tu raend
Careielasnaensed FafibfielirasteOs:perations (division>A) "M
Celanese Ltd. (U .K 0
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twcehhraeossleltdyt-ooalwllenosefsdtthsheuabncsoi5dm0iam%ryo. ,nOCsnetolFEcekubr.oof.1N0C,.oV1lu9. m7p0bu, iraa
M IentanNoor,vS. .A19.8o1rcBarcaqziuli.red a 33% in te re st in In Dec. 1981, sold 35% share of E dm onton,
CFCaeemllaannaeeMsseeaSSn.puAef.ca(icBatluetyrlginOiugpmIen)rca.ti(o\Dnesl.()division)/!*-"! ' '
C$in2e2Cll.7uo0llou0s,m0e0b0iha, eitlnodc9r1eb.a3ys%in.gS vCenosrpkoa raCtioelnlu'sloisnaterfeosrt
AfrolIbmnerJptaaonlmy. ee1ts9ht8ea2rn,boaolntptnlloaenurtne.csiendbpulsainnsestso. w ithd raw
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C hOanm pDliencP. et3r1o,le u19m69C, o.soalndd Pitosn tsiuacbsRideifainriiensg. anIenseJ uFliybe1r9s82M, FairbkeertiInngd uCstor.i,e ss,uIbnscid. iaanridesCeol-f CC eellaanneessee dMoeBxircaasnilaN, So.rAd.e(sMteeSx.iAco. ) (40% ):;||i f
' v'/'.
MOODY'S INDUSTRIAL MANUAL
TCNieaclroamnnecasoeMPCohaletyemmriiaeclraswl, CeInrokc.,.eI(nDcGe. lm(.)TbeHx as)(G erm an y) MP oeltyapneosrtSic.As .C--o.M, Lettdan. o(JladpoaNn )o(r4d5e%ste) (33M>%) HH aingdeur s&taKn asGsunmer G&m CbHhe(mGiecramlsanLyt)d .(5(0I%n d) ia ) MP aekyipstraonBG.Vu.m(NðCehrleamndicsa)ls L td . (P a k ista n ) IndaW ndustries de Alfarroba, L tda (PortuStefn! H all S.A. (Proprietary) L td. (South AfMPCleealysatnh-eaLslalebCRoheresSme.aAi cr!ca(hl SACwGoi.t(z(SeDwrel ailt.n)zde)r l a n d\) QQ uuiamntiucamd, aInBca. hia(33V2%)- ' k` ' NVC eiarltgaioninneisaaelCIMnhteeemtrhniacanatolisol nICnaocl..C(2o5. % ) VV iirrCchheemm SC.Aan./aNd.aVI.n(c5.1% ) RCC.eeVllaa.,nnCeehsseeem.FJaricapanalcnseLLSttddA..R(4L- 0%-k). t *?' * . AAmp rciethl aInndGumstbraHe(P50ar%ti)ci,pacoes L td a.
aBf;UfCiSleiIalNatenEseS,sSme, at&nougPfeaRthcOteuDrrUewsCitaThnSidtsseslulbs saiddiaivrieerssifainedd lucihcnetesm.oifMcaclohlysetmpoicrfoalctshe,sefssiiebnegprsraoandndudcutssppegacrriaeadltiminegas dptehrorbedye bdaroCsicecalratbnyoepnseess,pnoraof tduruarcwatlsgmaarasetaegnreidanlwes,roapolledytprsouolllepdu. dmirehcyt lmy aonru ftahcrotuurgehrs dfiosrtruibseutionrsa owridaegvenatrsiettoy oofthiner dustrial and consum er items. oF-ifbCmeersalann-emseadise tfhiebesresc.oIntdmlaarnguefsat cUtu.Sre. sp rpoodluyceesr fteorrM, aaawcne-itdmaetaevdaaernifdeitbtyeriroasfceeantraedt-euusfseiubsa.elrlsy adnidvisdeelldthinemto tewtaotesuabncdattergiaocrieetsa:teceflilbuelorss:icafnibdernso, ns-uccehllualsoascic Tfpirbyoepdrisuc,acltssueacnhrde aausssfeposolllooywfesstt:he*er aCnodrpwo oravteionnf'sabfriibcesr. us(e(bd))inPP oowllyeyaeerssittneegrr tasetpaxpptiallereef(liFalaonmrdtrehenolt)myueasmfeudr(niFnisohwritnereaglr.) ienrgw eaaprp,apreilll,ohwosmaenfdursnleisehpiinnggs,bfaigbse,rfiinlldiunstoruiatl finab(crai)ucstPoaomnlydoetnisvoteenr-wtiinrodevusesntarfniaadbl rfisicelsaa.mt ebnetltys,a msewusiendg ttha rt(eedas)dtCaypeclloleunulvoseseyidcoiarncbewetlaetstaeraifnnidlgahampoespneatsr.yela.m a n d ace nnies(lh)ei)nugsCsee.dlluinloswiceatrriiancgetaaptpe afrielal ma nendt hyoamme (fAu rr- fil(tfe)rsC.e1'llu-losic a..cetate tow u se d fo r cigarette ti.c(sg. )\\Cellulosic Bake used in fibers a n d p la s usCeshlCeelsme,imnliacnosauelrsescehthCfaahnme4mil0iiacpraelmtrCoacoteh.,reimIanlsicc.aalspsrafopodpruaucrleetsilm, aaandtdehmcheoseblmvileiecsa, lepsnabgiynintue, psgcyronaotdhlaienntgitcsh.lyuCdbreroilcacnaanerbstseo napsnrdsoudacuuhcteaoss ena trahepyhpltiunhreac,.h paTsr ohe pde syielne nthheye,donr opacteuanrr abmloangr akrsea,tw,bpurmtianancteiepraai alnlldys Cucnhadel mearpipclaloilncCagto-itomenrpmsaanpcypo'senamtrrasacjbtoser.lopAwro. dduecsctsriapntido nty po-f idjdesVhaya)dnedM, TePtnehmnytleateChrhyyetlhomrlipictroaolls,p:aSnMyenetuthhseaetndicoilnF, aFptlotayrsmtiAcacsl,
pbroilcyaensttse,ras,n dadchoeastiinvgess,. solven'ts, sy n th etic lu"i ve(nbts): EEtthhyylleennee OOxxiiddee,, EOtxhoy lAenlceoGholylscoaln, dB uStoal- ntaonlt| s,Pcrooaptainngosl , aroncdk eStoplvroepnetsllaunstesd, ainnti-sfurerefazce, ha ceir(dbc,)i cAMi dcoeesnt i,ocamna ned rhpsyoadlnyr idedseAt,ecrAest.cyel tCa lhdeemh yi cdael,s :AAc cr ye ltiicc tpaecarip-dbe, arAscecodraytlipanatgeisne,tssmt,earasnd,-hVmeiasndiyveleafsic,beettreasxt,etpiulhesaerfdminiainschweeuas, ticals, herbicides, and plastics.
SdipvIenicsiiaMolntiiedks-n1o98w2n, tahse CcoerlapnoersaetioSnpeccrieaaltteydOapneeraw
tgiionCneese,lratinonegdsierreesscpitentcshi,aelssttipreeusccpitaurlortiadelus ccbtousmscinpoeonssssiitesests.,ofspene
caigarlitcyu lcthuermalicparlos,d uwcatste. rA-sodluebscleripptoiolynmoefrsthaensde
p ro(ad)u cAtsceatnadl cthoepiorluysmeserap(Cp eelacrosnb)e, lNowy:lo n 6/6,
Pap uloitaloynmbc euostty,i vlpeelnuefmutnbecri nteigpohnftaihxl ataul nar etdes ,e(xCh taeerlrdainwoeraxpr)ea, ,rutissne,ddaupisn
taarnniaddl evlaeindcdteroiccarolemccoomnrduninenicgctaotrdisoeavnni,cdeeqsin,usitpuomloatleinohtn,o.uasuindgios
iioten(sb) a)friebSeturrsguelcadtsuisnraaalniadrcdcrhaaefrsbtivoaennsd,reacieanrrfobosorpcnaecdfiebcceoormm(pCpoeosl-
nuce(tnsct.)s, Aacnrdylircecarneadtioepnoalxyanrdesiinnsd uasrteriaul spedro din
pcuipites,coiantdinugsst,rieallecftriniciashl einss, ulpaotiwodne, rp ricnotaetdincgisr,
bs ue b(vdse)trraaGgt eeusac. ra ng
linings and coatings um and derivatives,
fo G
r Bexible um Ara
bgiacs, Gp oulmy mKearrsaayrae, aunsdedo tihnepr rwocaetesrs-isnogluabidles afnodr
oteiml asn, dtegxatislepraondducptaiopne,r mmianninugfa, cetxuprlionsgi,vtehsicyks
edenraieierrsysa, pnerxdotdpenhudacrtesmr,safaconeodudtsei,cnsacolafpptrsdourdliaunnckttsss,.fcoor ncfuelcttuiroend
pd ei a(rteea)sn;AdSlockdlyailyua_mpmrhionyceedssrsouissnuegld;f^iSmt eo dhu iesuer mbdi cibni di, tseeuxilnft iitlteeer, mapnaed
mS oednitu; m dioxide u se d in fibers an d w aste tre a t
Dollar
Chemicals
Sales by
. . . .............
Product
1G9958r40oup
($0108990813o
m
itte
d189)18:12
FSpibeecrisa.l.t.i.e.s...................................... Brazil/Mexico............
1,66278530
1,666177 86
1,641373768
T o ta l..................
Income (Loss) Per
3,328
Share By
3,261
Product
Group3(,0i6n2
S):
CFihbeemrsi.c..a.l.s.....................................
1259.386545
109.8813 4.67
(01.190.89523)
SBpreacziial/lMtieesx. ic..o........................
20..5370 01..3056 (40.5.118)
ingNTotoatteax:l..D.r..a.i.t.f.ef..se..r..e.a..nntdp rmo dinu1o0c.r8ti7tgyroinuptesr6e.h8s9atsv,e wv ha(2ir.c4y5h)
htya.v e sig nifican t effect o n p ro d u c t pro fitab ili
lPoRwCIioNn.CgoIlPwoAcnaLstioaPnnLsdA: No pTeSra&te sPfRibOePr EpRlaTnIEtsS a t fol
NGF araeyreernottvweivlsli,elVl,eSa, ..NC..C . SDShaalerillsbibnyug,rtNyo,.nCN, .S.C.C. .
RfoolClcookw. Hioniwgll,nloSsc.Caatn.iodnso:p eratGesascthoenmiai,cNal.Cp.lan ts a t
BB iasyhoCpi,tyT, eTxe.x.
PCalemapr aL,aTkeex, .T ex.
[fToljClHooiwl.liioanrwgd,nloOsc.aatniodnso:p eratBesucskpse,cAiallat.y p lan ts a t
Bishop, Tex.
Florence, Ky.
(VTeJrCnhoanrl,eTsteoxn., S.C. [DClifton, N .J.
AL onuaihseviimlle, ,CKaLy. Leeds, S.C.
LR oo sc kA Hn gi lell,eSs ,.DC.a l.
KP oarlatsmmao* uWtha,sVh.a.
W [RaTleljLisneegaasfreocdrhdfa,LcCialLibtieosr.ato ri`es a"re located .in _S um
ma nidt, LNo.Ju.i,svCihllaer,lKotyte. , N .C . C o rp.u.s C hristi., T ex.
facFiloirtieeisg nin sfuobllsoiwdiianrgiecsoua nntdriaesff:iliates m aintain
BBC eraalngzaiiuld ma
MPF orearxntuiccgeoa l
JGaepramnan y
NInedtihae rlan d s
SS wo uittzheArlfarnicda
PE ankg ilsatnadn
MANAGEMENT
J . C hDi.efME xaecco.mObfef.r, OCfhfimcenrs. of th e Bd., P res. &
RAR...AAL ... CML ooitonckghsmeelayl,n,V,VViiccieec--eCP-Phrerasei.rsm.&&aCnGo nentr..C ounsel
CD..WR. .LToudlgley,, VViiccee--PPrreess..,&CThireefaFs.in. O^ff(.
D . A. Jen k in s, VSeicce. -P residents
KH ..B .GB. aArtnledyer, sJorn.
RM..CD..SScehlrleoresder ^
JR.A.M. .FCenlanrikee
DJ..JG. .BOigghilavmie
ER ..S. HP .a yDnreew
H.W . Buchanan
(S h ow in g P rin c ipDailreCcotorprso ra te A ffiliations) OfRf.o, bReortckAwnedlel rIsnotne,rnCa thiomnna.l Ca nodrp .C hief Exec. B rBo.w n GAr. oBurpid,gIenwca. ter, Jr., P re s. & C hief E xec. Off., C oJroph.n W. Brooks, F o rm e r C h m n ., C elanese C oIdrap uLsaCrkhinrisCtlie. ment, D ir., F irs t C ity B an k of C oEllleeagneo. r T. Elliott, B d. of T ru s te e s , B a rn a rd E xFerce.dOerfifc., CH.aHmaimltioltnonB, rCo thhme rns.,P ePtrreosl.e u&m CChoi.ef S tVraeurnsos,nHEa. uJeorrd&anF eJlrd.,. P a rtn e r, A kin, G um p , C hJioehfnEDx.ecM.aOcfofm., bCeerl,aCnhemsenC. oorfpt.h e B d., P res. & C oPrapu.l L. Miller, F o rm e r P re s., F irs t B o sto n C oRropb. ert L. Mitchell, V ice-C h m n ., C elanese C hSi.efBEruxceec.SOmfaf.r,t CJro.,n tDinire.n &tal FGorromu epr, ICnhc.m n. & R eJy. nPoaludls SItnicdhst.,, ICnhcm. n. of E xec. C om m ., R .J. OfCf.., CReolbaenretseTuClloyr,pV. ice-P res. a n d C hief Fin.
A S
u h
d a
itors reho
: Pe
lder
a
t,
R
M arwic
elations:
k
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c
hLeelhl
e& n
yC,o
.
A
s
s
L
T rAenansu. aTleMl.:e(e2ti1n2g): 7S1e9c-o8n69d4W. ed. in A pr.
m oDnirtehc.tor Meetings: L a s t W e d n e sd a y of each
pfdN.o,.3,o7f02S;toccoknhvo. lpdfedrs.,: 3D48e;c2. n3d1,pfd19.,843:79S; ecro. mA
mon,
No.
25,687.
o f Employees:
Dec.
31,
1984,
21,500.
N
eGwe
nYe
roarl kO,
fNfi
cY e
:
110201316
.ATveel.
n
:
u(2e1
o2
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8A0
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,
INCOME ACCOUNTS
C O M P A R A T IV E C O N S O L ID A(TInE Dth oIuNsCa nOdMs Eof AdColClaOrsU)N T , Y E A R S E N D E D D E C . 31
SOapleesr.a-.ting expenses:
1984
1983
3,1096822,000
3,1795821,000
3,1394880,000
f Lpselling*agnododasdmsoilndi.s..t..r.a...t.i.o...n.......................................... ^Research and developm ent......................
2,62996466,,,000000000
2,267893,,000000 85,000
2,269276.,000000 100.000
3,311162.,000000 104.000
2,285071,,000000 94,000
InterTOeosptteaerlaxotpipneegnrisanetic.n.o.g..m..e.e.x...p......e....n....s....e......s....................................................................
3,207562,,000000 74.000
3,024174,,000000 77.000
3,03293.,000000 59.000
3,523202,,000000 77.000
3,115926,,000000 57.000
EOqthueirtyininconmeet ianncdomexepoefnasffei.l.i.a..t.e..s....................................
2386,.000000 "
3147..000000 [H(7137,0.00000)
2515.,000000
3267..000000
PrIonvciosimone bfoerfoinrecotmaxeetsa..x..e..s.........................................................
216021,,000000
16878,,000000
((7465..000000))
21598,,000000
26092,,000000
^MI nincoormityeibnetfe. rme isnto...r.i.t..y...i.n...t.e..r..e..s..t.........................................
161,000
1291,,000000
(313,0,00000)
16117,,000000
13131,,000000
ULlEInxtcroaomrdeibnearfyorieteemxstra.o..r..d......i.t.e...m....s........;.................
161,000
112,000
(34,000)
144,000
122,000
R e taNineetdI ne acron imn ges..b..e..g.....o..f..y...r.....................................................
718601,,000000
713152,,000000
(83346,0,00000)
716434..000000
619252,,000000
3,1194769,000 2,525364,,000000
92,000 2,828642,,000000
5118..000000 19,000 29530,,000000 15176,,000000 141,000
610431..000000
2,1690798,000 [U2,202834,,000000
83,000 U)E22,31990.,000000
4183,1.030000 14.000 E[)61)9689,,000000 12179,,000000
c1r4132,,000000 418575..000000
MOODY'S INDUSTRIAL MANUAL 1141
INACdOjuMstEmeAntCs C..O...U....N...T...S......(..C...o...n...t.'.d...).:. . Preferred dividends.................................
1984 4,000
1983 4,000
1982 4,000
d1r91801,000 4,000
1980 4,000
1979 4,000
1978
CBuosminmeossn cdoimv ibdiennadt iso..n...........................................................
59,000
63,000
63,000
c6r30,,000000
50,000
45,000
Retained earnings end of yr..........
878,000
780,000
735,000
836,000
763,000
695,000
S
UMDPeaPpinLretEecnMiaatnEiocNne
T&&AarRemYptzaP.i
.
r
& L.
s ___
D
A
T
A
R eTnatx..e..s...o..t..h..e..r...t.h...a..n....f.e..d.....i..n..c...
211944,,000000 3688,,000000
211836,,000000 3676,,000000 .
21618515,,,000000000 31,000
119929,,000000 3721,,000000
21058590,,,000000000 33,000
21255057,,,000000000 29,000
, 21163183.,.000000000
AR odvyearlttiiesisn..g........................................................
215,,000000
179,,000000
169,,000000
271,,000000
158,,000000
250,,000000
21448,..000000000
E i 978: Cumulative effect of change in accounting
for Investment tax credits.
NFuent dinscformome .operations:
Reflects compliance with FASB pronouncement Depreciation .
211641,,000000
211132,,000000 FDiinvaindceinaldtsr.a..n...s.a..c..t..i.o..n...s: (63,000) (67,000)
relGatEinjlgnctloudaecscrreulaalteodf vpaocrtaitoionns poaf yit.ems shown under Prenpoaind-c&asohthcehrarges
L.-t. debt incl. current portion:
Additions
4,000
.
"SupIpnlcelmudeenstasroycipa.l &se1c.udraittya"tabxeelso.w statement..
& cred..................... T o t funds fr.
4,000
10,000 R eductions.............. Notes pay., net. . . . . .
(80,000) (8,000)
(428,0,00000) ' > 3,000
to thIenCclourdpe.'ss a40s%peceiqaulictyhainrgCeeolaf n$e3s9e,0M00e,x00ic0arneal,aSti.nAg. Capitaolpeexr.p....................................... (165799,0,00000) (130355,0,00000) Capital stk. ................ (151,000)
3,000
invGeDstRmeecnlatsstiafxiedcrteodirtesflferoctmchdaenfegrerailntoacfcloowun-tthinrgoufgohr CChapg.itianl--izeAdcicntste. rrBesct. ....
method.
--I n v e n to r ie s ............
((91,,000000)) 17,000
(61,60,00000) (25,000)
N et fds. fr. fin. transact..............
(298,000)
v 98,000.
( i n C on solidated
cial Position
SSOtaOtOe'ms)e: nt
of Changes
1984
in
Finan
1983
--Alciacbtsi.l.p..a...y.....&....a..c..c..r.... Purch. of assets ... t .
13,000
Investments and 87,000 other transactions
(119,000)
38,000
( 6,000)
Casshec&. bmeagr.koeftyabr.l.e......
196,000
Contrib. of jt. vent. .. 104,000 Net fds. fr. oper..
230,000
10,000 Cash & marketable sec. end of yr.........
166,000
, > '?** . 196,000
Record
Y19e6a5r.
of
Earnings, years
N e8t6S2,a2l9e0s
enECdxeopdsetnDasneedcs . 720,861
31
(inBtahloanucsean d sODotehfd..dI(noNclle.at&)rs) 141,429 23,731
(takIennc. fBreofm. 1T17a,x6e99s
re p o rItnscfoilmede T5a2x,7e4s9
w ith S ecuNrietties , In6c4o,m94e9
a nCdoEmxmcohnan ge Divi2d3e,n0d66s
COCouomtms.tamSnhidss..sion)E:Caronm. .PSehr..
11,828,972
5.10.
111999666678...
11,,011190,,901324 1,255,800
1,980778782,,,390620120
111347203,,.698790300
223355,,,682120100
111103768,,,386570390
845070,,,856507037 556796,,,873000020
222566,,,866710560
111333..,333001771..,550999444
: 44..1627 IU4.02
111999677901...
111.,,220343696.,,097000000 11,.910709139,,.610000000 11643567,..180000000 ccr22r251,,,073000000 11841692,,.450000000
537353,0,,24000000 000755691,,,300000000
222668,,,660000000 111333,,,338325922,,,973802795 ..V..- 003315..59.4191 .
111999777234...
111...693028985...000000000 111...472166133...000000000
111296285...000000000
25,000 cr3230,,000000
11979788...000000000
784500,,,000000000 00759518,,,000000000
232838,,,000000000
1133,,885533,,540948 13,853,508
.. 00536...137298
111999777567...
221...319220300...000000000 211...197458085...000000000
111655..000000 180.000
222856,,,000000000
19309..000000 152.000
6343,,000000 68,000
6590,,000000 70,000
3399,,000000 40,000
111433,,,189061984,,,687800100 . . 344..6.37700
1978EBefore spec2i.a6l09i.t0e0m0s, afte2-r-;.-3-9--0$-.7-0-70--,0000,000 a2n1d9,00$06.11. B--3e--8fo,-0-r-0e--0extraord1i8n1a,0ry00items; af6te9r,0: 010969, $0791,15200,0,00000; 1970, $4418,0,50000,000; 1149,37913,,04$62,000.,00007; .519072
$44,000,000; 1973, $81,000,000; 1978, $155,000,000. Before extraordinary items; after: 1969, $5.64; 1970, $3.52; 1971, $0.41; 1972, $2.86; 1973, $5.56; 1978, $10.49.
'
'*
BALANCE SHEETS
C O M PA R A T IV E C O N S O L ID A T E D BA LA N C E S H E E T , AS O F D E C . 31
E CAaSsShEaTnSd marketable securities.................
16169,80400
(In 1t9h8o3u sa 196.000
n
d
of
d o1l9l a82r s ) 104.000
23159.80100
207149.08000
201149,07090 '7,' 1r .0. 11;4.39,07080
ReRceeicve.ifvroabmlepse.n...s..i.o..n....p...l.a...n............................................................. Inventories......................................................
443327980...000000000
438.000 445,000
454.000 420,000
470.000 443,000
518.000 393,000
483,000 352,000
399,000
318,000
Other current assets.....................................
32,000
17,000
9,000
23,000
9,000
6,000
i!* 6,000
InNveeTsttomptraeolnpctesurritnrye,anpftfliaalinsattseaesn,tdsa.te..qe..qu..ui..p.i.tm.y..e...n..t...........
1.435.000 1.230409,.000000
1.019764..000000 1.445.000
918279..000000 1,608,000
1,171,000 200,000
1.119542.,000000 1.197.000
1.055.000 121,000
, ' 5 866,000 108,000
GOInotvhoeedsrwtmaislles,nenttesitn..o.E.f..l.aw..m..o..oo..d.r.l.t.Ii..nz..as..ut..ir.o.a..nn...c.....e......a....t.....e....q.....u....i...t...y..
120,000
154.000 `
138,000
102,000
91,000
1.1{[15630,.,000000000 [35,000
V, ,,..vV:1^M,1141080,,,000000000
L ITAoBtIaLl .I.T...I..E...S.....................................
3,104,000
2,869,000
2,862,000
2,991,000
2,634,000
2,380,000 ^; ,<2n-, 11568,,000000 '
ANIncocctotesms. eppaatayyxaaebbsllepe&.a..y..a.a.c.b.c..rl.ue...e...d...;..l..i..a....b......i..l..i...t...i..e....s..........
436179..000000
41521454...000000000
31601719.,.000000000 . 41220310.,.000000000
31961890...000000000
31781266..,000000000
286,000
' it,000
Long-term debt due within one year
776.,000000
46.000
41.000
42,000
30.000
49,000 ,
32.000
DD ee ffeeTrrrroeetddalipncecunorsmrieoennttgalxaiaeibnsi..l..i..t..i....e....s..............................................
836393,.000000. 29.000
639.000 158.000
528,000 139.000
586,000 119.000
607,000 65,000
. 623,000 Iw m m .
52,000
MLDoeinnfegor-rrtieetdyrmiinnvdteeersbettsm.t..ei.n.n...tc..to.a.n.x.s..o.c.l.r.,.e.s..du..bi..ts.s....-.-._-..-_.-._
662.000
112,000
716394..000000
820586.,000000
821358..000000
619791..000000
511624..000000
57.000
:
552.000 <' 55,000
AdCCduoimmtioumnloaatlnipv(aeniodp-rpienaferc)rar.p.e..id..t..a....l...........................................................
30869..000000 27.000
30829..000000 27.000
30829..000000 25.000
30819.,000000 24,000
2923023...000000000
29303..000000 21.000 ;
'90,000
? 23230.,000000
Retained earnings.................................
878.000
780.000
735.000
836.000
753.000
685.000
,593,000
QoJLeTCsous:mtTaulrles.taotsrcauknrhyso.slatdkde.jr.s....'....e....q.....u.....i..t...y........
1.31207902,.,000000000
1.19187..000000
1,12501,,000000
1,25170,,000000
1,0968,,000000
1,029,000
N et stockholder's equity...
1.099.000
1.16192..000000
1,131,000
1,233,000
1,092,000 . 1,029,000
36,000
T o ta l....................................... ..... PNRetOcPuErrReTntYaAs sCeCtTs..--....A...N...A...L...Y...S..I..S
3,150646,.000000 2.485679..000000 2,485692,,000000 2,598951,,000000 2,568374,,000000 2,433802,,000000 . . 2.,410588.,000000
AROedthtdieirtreimoadnesdniattitoocrnossas(ltde..es..d...u.....c....t..i....o....n....s....)............................
(2610277,80..00000000)
(116115,10,.00000000)
380397,,,000000000
411341793...000000000
28684,,000000 1,000
21347555.,.000000000 : - n a
DEAAPCdRdCiETtiC.o--n. sRAcENhSaAErLgReYVdSEtIoSincom e........
214.000
213,000
211,000
192.000
205,000 ' *' 220,000 ' ' N.A.
ROethtierer madednittsi,ornesn(edweadlusc&tioetncs..).................
(3117,80.00000)
2563..000000
701,,000000
1131.,000000
761,,000000
117,000 ; .' nN.aA..
dem01a9n8d4d: eIpnocsluitds;es$:18($92,030,000,000,000m0)arckaesthabolne sheacnudritaiensd. . 1984 ($000):
Property
RDeseeprrveecs.
Comprised: 1984-78, 850,902 $100 pa r va..l.uiev ?curmfV; pfdT ser. A, 4Va%; 1984, 37,376; 1983; 42,210; 1982,
$24,0N00e,0t 0o0f; a1l9l8o3w, a$n26c,e0s00f,o0r00d;o1u9b8t2f,u$l2a9c,0c0o0u,n00ts0:; 11998841,. $23,000,000; 1980, $22,000,000; 1979, $19,000,000; 1978,
RMBoladlcglihsn..g&&stiemoqcupkirp.o..tv..................
Furniture & fixL
2,476801.,000000' 9217..000000
428557,.,661631448;;$n119o0801pp,aa5rr3v,v4aa3ll6uu;ee,1c97o8%n0v, s.8e2pc,ro5en9f5de,rpe1fn9dc7.e9,s8h6s,.9,1149.8149r7788,, 2,275,000 Shares: 1984, 15.523,759; 1983, 15,680,744; 1982,.
$170,100908,4000C.o.mprised: Finished goods, $307,000,000; work in process, $61,000,000; raw materials,
OCL aathpneidtra.a.l.is.z.s.e.e.d.t.s.i..n...t...e....r....e....s....t.....
$137,000,000; supplies, $43,000,000; less: excess of Constr. in progress .
227798...000000000 131.000
1145.,4924R03.e,36s69t72a;;t
e11d9978t8o1.,
1re41f.53l,e90c30t.40,c47o69m.1;p
1980, liance
1w4i,t4h38F,2A2S4;BV.1p9vi.O7/9r,r
nouncement relating to accrual of vacation pay. ^ ?
c$4u2rr8.,00c0o,s0t0s0.over stated values, $120,000,000; total, T o ta l___
3,624,000 2,275,000 itnhvroeuRstgemhcelmanstestihtfaioexdd.ctroedreitfslefcrtocmhandgefeerinralactcooutnhteinfglofwor
1142 MOODY'S INDUSTRIAL MANUAL Principios of
.,
Consolidation:
The
conso.l.id. a,ted,
tfhme aCnodr^psotreath^omneanntsd maUclsu^^M^ ea ^ma cscuoDusnitms^aor^f
ti?o3n. 'Jow ns mn excess omf 5s 0o%g . ooif_tmh ee vvooSrnmg
. d oelxlacrepist thine atevdrcounutvauc.ro,mposateabicasgisr.oWu pheedn afnacdilditeiepsreadre- tmhiellicohnana gt ethfeobre1g9in82nina ng doifpc1ru9imo83ru.lyaetaivres ewfafesct$1o2f nsoeaid3_othr ereotriirgeidnailnctohset onfotrhme aalscseotuarsdejuosftebdu sbiy- C oRroptolrroamtioonnt tiInlecdomfoor gPolavne:rnDmuernint ga p p19r8o3v,a lthtoe aanccyunmeut lpartoedcededesp riesdcahtaiorgnedacocroucrnetd. iDtede ptor etchiea -r--e-s--t-r--u-c-tu re th e pe-n--s-i.o.-n-.pi-l-a--n--.---I-f---ia~p:p~ro.v a--l -is
nstyoIcntrkahnJouslandceetrioo1n9fs8F3ai,breCereiIln-a-d-n-u-e-ss--et-r-ibese,cIanmce., (tFhIeI)s, oblye pof ouwrrnc he da1s9ibnmyg *ilI-lmitohpnee irni a3lc7aC%s hh%.e mC i.oicnnastleorIleindsdtaut esfdt or irreemsseuprlltiysc i.n^0d^uSdI er1;v0, 0-% o.f;F I I '.s o p eratio n s fro m Ju n e 1, eSauDuiaiDpnimrneceelnnatttiiosnnicglnuPidfoeilcsicatynh:tei mcPorpsortpooevfretlmya nedn,pt sbl auonifltdeixnaignsstd-, ienset; SAadndt iatinodnes,qiumippmroevnetmane ndtcs,aprietanleiwzeadlsinatenrd)expenditures for m aintenance that add m ate-
i"s u sed for U .S. Jm" "acChiuinneeiry a n d equipm en t acm uInm 1e9s7t8im, tahtee dCuosrepfourl.altiifoenforredaullcUed.St.hme amchaixni tearlyizaenddinetqeuriepsmt ies natmfroormtize10d toov9eVr i1y0eyaerasr.sC. apitchoFeuonprterioingvgniSsEitoxacnnhsdaanorgfdeSs: mNT thoee.m5C2eon"rtFpooofrreaFitgiinonanCnacudiraorlepnAteccdyT19r8a3n.slIantiognen" earasl,relqoucairledcuarrtetnhceiebsehgainvneinbgeeonf designated as the functional currencies for the
chDanugreindgfr1o9m82t,hfeoer nmtroysat gUe.Sn.o rpmlaanlsc, oCset lmaneetshe omdintionga mpeondsiifoiendeuxnpietncsree.dTithmisetchhoadn gfoe rrdeleatteers pbc_e_ee_snn_ses_ifo_oiftn_sp__eeb_nxy_ps_ie_toan_nk_s_eia_ns_tgos_e_ia_tns_ct_coouvmceorunalsacitcdeuedmr aputeilonanst ei odt hnbepe lneaxen- ofidtTsf.ohCereflunanendteisenefgfuepsceutsrpothof setehesin.strcyhaagneg en omrmaacltmu aerti.ha-l, m68e,thpoedr swh aarse,too rinScI r1emasiellio19n8. 2P ennestioinnceoxmpeenbsye was decreased by $23 million.
FINANCIAL & OPERATING DATA
E aSr ntaetdisptiecraslhRaerec--orcdom-mon:
1984
1983
1982 ;
1981
1980
1979
1978
.YeBaerf-oerned, sspheacrieasl:i.tem s................................. ' ~ After special ite m s...................................
881111..6600
$$66..8866
dd$$22..4455
$$88..9977
$$88..2244
$$99..5500
$$170..5490
->XE AA-.vsBesureamfgoirenegSshpnaeorcediasi:lluitti.eomn:s .............................
S10.87
$6.89
d$2.45
$9.01
$8.20
$9.52
$7.61
" *[A:sBAsuefmtfeorirnesgpsepfuceilcalildaiilltiuettemiomsns.:......................................................
$10.87 810.07
. $6.89 $6.52
d$2.45
$9.01 $8.52
$8.20 $8.06
$9.52
$10.62
$9.34
$7.36
Di"iv' i.dneAndftsepresrpeshciaarlei--te4m%s%....p...f.d......A................................. --83 conv. pref;.............................................
88$1430...005070
$$46..5502 83.00
8$34..0500
$$$843...550200
$$$843...005600
$S$934...305400
$1$$043...250400
Pr---i--ce7cor%amn2mgnedo--np4f.d%... %. . .R.f.d.. --A.............................................................................................
38%$874-..301040
3$$947-..030500
$$74..0000 37%-35
44$-$3371..80%50
$$73..0500
$$73..0100
$$72..8050
44-33
48%-39
51-44%
-----CS7o3%mprcmeufomenr.'ec.nvtcf.repi -.fV. Vd..v..............................................................................................................
451/2-45% 82-62%
49-30% 79%-45
38%-33 59%-45%
694%163-%5--133%15
4612%%--533291-3%%5
486%63--35392-3%%1
47%-373255--73%12
N et tang, assets per com. sh are.....................
$74.66
$68.77
$66.89
$73.15
$69.78
$64.98
$58.60
FixBeedfocrheairngceosmeeartnaexde:s................................. After income taxes ...................................
43..1574
32..2400
0.42
32..8672
43..3145
35..7569
BE34..3630
fOPirDjNiNceeettrtcaaunnrggre.,maass-sSseeit.tssdpSeebI,r.0Sl0l10%.0fu0s0n, d2fu0, 0nd5de,b..d.t.e......b....t.........
92$2%868-.865005
892$8,55-829704
$2$,450608 87-71
$2$,571138 82%-78%
$2$.586420 93-82%
$3$,080449
$2$,679369
----d1e0b%. 4%s,n1o9te9s0,..1..9..8..7i............................................................... --deb. 9%s, 2006.......................................
99%128-098-12-70%70
118011881-%6/23--89%45
6978--5854 85V2"7749-V563
94-75
106-83
917%1--8539
70%-67
69%-65
Y e----a rS7e3%ncd2onnshvda.prperrdse--f. ......4....%........%........p......f..d.........A.............................................................
85307,,937062 25,638
84520,.291020 25.638
8452505,,,696603428
85503,,940326 25,638
8582025,,,956093258
85806,,990142 25,638
8582705,,,169130428
AFuv--lelrycaodgmielucmtoeomdnms..ho..a.n..r.se..h.s.a......r..e.....s......................................................................................
111346,,,541235381,,,700500900
1155,,660808,,704040 17,386,000
1155,,650780,,909070
111556,,,659029882,,,100900100
111444,,,373721439,,,200200400
111444,,,447217038,,,300600200
111444,,,138794359,,,000400600
CuFrirn-efaninotcaisasle&tsO-i-pceurrarteinntgliRabaitliiotises___
1.65
1.72
1.87
2.00
1.97
1.69
1.89
napicnnaevstehcnu&trorsreeyncttuoarisctsiueerstrsetotnotcnauesrrtsewenttosa.r.st..hs..e_..t_.s._...
251911...855370
431097...608809
4120..5554
3270..8037
40.58 . 47.45
3222..9915 53.75
234031...239868
3166..7512 43.59
%C5apapnirtonap.liedzreattpyiro.dn&e: parme coirat,t etod .g..r..o..s..s..p...r..o...p.....
625..7918
615..1713
556..6956
556..4687
616..4611
607..6542
597..2793
%D%eDflo. epnfegenrtserieromdnindgcea.bittnax.....e.....s.........................................................................
21941...693200
34.48 7.09
34.62 5.96
33.89 4.95
34.48 3.21
29.14 2.96
32.47 3.35
%% MPrienfoerrriteydisntotc..k............................................................ % Common stk, and surp.................
35..9018 45.19
36..0919 48.43
130..8916 44.65
4793...597600
4984...444344
5395...431532
4995...712729
%%Prennfeeettrrjinnedccoodmmiveeidttooenntodetttaiwlmaoessrsteehats.r...n......e....d............................
31954...016958
39..9580 27.09
.31641...856148
21841...661773
31353...097230
176..1586 36.30
TTuimneess s1esctopnredfpefrdre.ddidviivdiednedndeaeranrended...
84909..8454
62259..0750
80346..4170
68219..5962
73847..4771
86357..9920
NC.oeAsttnsoaafllyesssai.l.se..os....f....O........p....e....r...a....t....i..o.....n.....s...........................................
180%10..0010
%
18030..2090
180%60..1090
180%20..9004
%
18030..8040
180%10..1080
170%90..8008
SBOeatlhllaiennrgci,negc.e....n..........a....n.....d......a.....d....m.............e....x.....p.................................................................
1801...189722
160..5165 1.56
(11.218..25374)
1521...801739
150..8360
1801...341938
1811...370933
IBnatlearnecstec...h..a...r.g...e..s...................................................................... Gen. income etc. taxes & min, in t.___
237...208723
25..3766 2.33
((21..143`.9983)))
25..0855
611...087840 2.39
371...496562
731...538940
UNtehteinr ceoxmtraeo. rdinary item s..................
4.84
8
3.43
m i)
2.00
' ' 3.85
` ' 3.63
4.49
cr5l..6954
nopnrotulvrolmnTs^iia?tnni aa
shares
t th
a
t
m
adyivbiedjgiesensd?usUe.dI5Fu.upl,loryndcioslunntaverederssiinoocunotmos tfeatnhpdeeirncsoghndavureerritwnibgalesedadceehbteeyrnmetauirnreeasdf tabenrydggpiivvrieinnfgge rearfpefeapcsrtototpocrkisa,htea reefsfeiscst ut oe ds hina rreesg
athrda
ttom
paoyoblienigsssuoefdinftoerredsitlus taivned
satoftcekr
tgjBt'eufnodreedexdterbatoerdxc. liutedmes. current portion shown in current liabilities.
long term debt
1. Celanese Corp. sinking fund debenture
11vie, due 2005:
Aa U T H -- 8100,00R0,a0t0in0g; --OAu3tstg., 100 000 000
Dec.
31,
1984,
G*TvAr rT,oEt iDr,--Ju. ly 1"5>, 1- 9'"8"0. "D U>"E1-- jJu luy i1o5, m20u05i.
IN T E R E S T --J& J 15 to ho lders registered
TGRo.U SmT E E -- M anufacturers H a n o v e r T ru s t
GSPJEd?NafOn" ydMeiInxNtceAhgarTnaIglOemaNbu--lletiFpwlueiltlhoyof ur8et1gs,i0es0rtv0ei.rceTedr,cah8na1sr,fg0ee0r.0-
ulyiAneLoLnABa tLlEe--astA3s0 ab uwt hnoolte moor rienthpaanrt60a td aaynsy'
notice to each J u ly 14 as follows:
1984 ......... 109.90 1985
109.30 1986
108.70
1987 ......... 108.15 1988
107.55 1989
107.00
1990 ......... 106.40 1991
105.80 1992
105.25
1993 ......... 104.65 1994
104.05 1995
103.50
1996 ......... 102.90 1997
102.35 1998
101.75
a19n9d9 t.h...e..r..e1a0f1t.1e5r 2a0t0010..0......N.. 1o0t0.c60allable, h o w ev er,
1A0013. 0 callable fo r sinking fu n d (w hich see) a t 8mS6Ie,N6n0cK0m,I0Ng00G mpFriUncN1i9pD9a1--l, aAmsnuonfuufiancltileyon,ftJdueltbyos,15or,eudctseotemgm.-, ipsludsessiigmnieladr toop trieotnirael 9p2a.y4m%enotfs.dSebinsk, ipnrgiofruntod m aturity.
SECURITY--The Indenture provides that
tRheestCriocmtepdanSyumb saidyianroyt, ntoo,r missauye,it apsesrummitea noyr
ge_yu abr_oa_rn_r_toe_w_e_e_ed_v_iwd__eh_ni_cc_he_s_a_or_fe__isn_e_dc_eu_b_rte_e_dd_n_b_ey_s_sa_nf_oy_r_m_moornt-
ugapgoen, asnecyu rPirtyinciinptearlePstr,o ppleerdtygeo ro roflieonr oufp oonr
n"esFs foBrarbeosrroofwsteodckmoorn eeyvidisesnuceeds boyf ianndyebRteed--
n--s tyr i c".t e.
d
Sub any
sid R
iary and estricted
owned by Subsidia
the ry,
C w
o h
mpaether
oafwtenredacaqtutihreedd,awteitohfosuutchefIfnecdteivnetulyreporor vtihdeirneg-
that the N otes or Debentures, as the case m ay
MOODY'S INDUSTRIAL MANUAL 1143 sbuec, hshmaollrtbgeagsee,ceuxrceedptetqhuaatlltyhisanredstrraictatibolny wbilyl
not apply to (1) m ortgages on any property
OcrFueFdE iRnEteDre--st ((SpIr0o0c,e0e0d0,s00to0)Caot., 9998..5800)polunsJ ualcy 18, 1980 th ru F rist B oston Corp.
ItuNrDe EmNaTy UbRe Em odMifOieDd,IFeIxCcAepTt IOasN p--roInvdideend, w ith consent of 66% % of debs, outstg.
edexratitysetioonffgathacteotIrhnpedoetrianmttiueornoe;fei(xt2iss) tamicnqgouratigst iattghioeenstioomnr eaptsruothcphe
3. Ceianese Corp. (Ceianese Corp. of America) convertible subordinated debenture 4s, due 1990:
opRfaIydGaeHbblsTe, So(3uO0tsNtdga.yDmsE'agFyrAadcUeecLlfaTorr--e ppTarriynumcsitepeneat,l odofurein2at5en%rd
cwoirthp,o roartidoinspoissems oefrgseudb sitnatnotiaolrly caolnl sitoslipdraotepd erties (or those of a division) to, the Com pany
OD UA TT SETDG--.--A pDre. cI.R, 3a11t9i,n61g59.--8D4BU,aSaE21--0,2A79p,r0.0109. 90.
eLPsUItS)R.TPEODS--E --O nP rNoecweeYdsowrkilSl tboeckusEexdcfhoarncgaep. ital
op rro Rp eersttyricotfead cSourpb osirdaitaioryn; e(x3i)stimngorattgathgeestimone such corporation first becomes a Restricted
IhNolTdeErRs;EInStTe r--e sAt &acOcrluebsyfrommaiAl ptro. 5r, e1g9i6s5t.ered T R U S T E E --M organ G uaranty T ru st Co.,
OexFpFenEdRitEuDre--s. (5100,000,000) a t 100 plus ac crued interest on (proceeds to Co., 98.875) on
nSneyusbsosiordfitaaoryRa;ens(o4trt)ihcemtreodRrtSgeusabtgrseiicsdteisadercyuStruoibntsghideiinaCdroeybm; tep(5da)
ND YE NC .O M IN A T IO N -- F u lly registered SI 00 and approved m ultiples of S100; exchangeable
Mciaatre.s.6, 1981 th ru F irst B oston C orp. an d asso
5-10.
O utstanding Dec. 31, 1984:
cpmoaonirrs,ttgraaulgtceetrisoatntio,o ndseoevcreuilrmoeppmtrhoeevnetcmoosertn tsouofbf aspctraqonuptiiseairlttiyorneif,
wnn aoitttihoboneuetwxshcehervnaincsgeueccdhhfaolrergseds,eerbesxd,ceoenfpotamtlhienasatstediroendbesi,nsomlmeasiys
$4,(0a0)0,0T05e02r,2m,e0aL0co0ha,0nA0s0:pr., 4to% %1989,naontdesb alpana ycea bolne A pr. 1, 1990. P ro ceeds to re p a y b a n k loan s
btdhyaeyascnoaymftsmeurcithtmh emenoltartttegoraegoxefteitshn edo bcthtoaemincperldeedtwiiotintsheoicnrurt1he2de0
tChAa nL LSAI,0B0L0.E -- As a w hole o r in p a rt a t a n y tim e on at least 30 days' notice to each Apr. 1
caanCpdiotfa.olmr gsaetyoncenkroatlinppuareypxoccaesessshs. doifvicdoennsdosliodrataecdqunireet
pstlrauccintegd ,indevoepleorpaetido no r osfu btshtea naticaqlluyirreedp,aicroend, altered o r im p roved p ro p e rty ; (6) m echanic's
i1n9c8l.4.a..s...f..o..l1lo00w%s: 1985............100% 1990............100 A lso callable on like notice a t 100 for sin king
eaanrdn ipnrgosceaefdtesr fDroemc. s3t1o,ck196s4oldpluasfte$r75D,0e0c0.,03010, 1964 an d if consolidated w orking capital is less
lmmieiennnset,raatlla,xboolidileynosrt,ogliaessnecsruigarrehitssia,ndglvieafnnroscmetso tahanedgsoaovlteehrenorf
fSuInNdK(wINhGichFsUeeN).D -- C ash to redeem a t p a r on each A pr. 1, 1975-89, 5% of debs, ou tstan d in g
th a(bn)5$140,00,0000,00,000006.% % notes, d u e D ec. 1987. (c) $38,110,000 other notes payable.
lwPierhinniscchiipndacolidPneronottpamel ratttyoeroiatrhlwleyhiiccmohnpadaruierctbtheeoinfugsbceuosonifnteteshstes oCprnoi.nAcmpipra.ayl1c,ar1me9do7i4ut npatlguoasfinsdsiemtbaisln,ayracorqepuqtiiuoreinrdea,dl cppoaanyyvmmereetnentd.t
((ed)) 5$8121,40,0000,00,000008.94%5%%nnootetess, dduuee SNeopvt..,11999976.. (f) $14,000,000 9.1% first m ortgage bonds
eocldraurinespeglsoac(o1ed)mftaehinrtoht u;ogof hra n((76y)).maHnoyortwgexaegvteeenrrs,eitofhener,rCreedonmetowpiaanl
otiro nreadl eseimn keidng(oftuhne dr thpaany mweinthtsr)eqauftierer dAoprr.o p1, 1974 and no t previously credited. Paym ents
d a
guRreeeDesmetrcei.cnt1tis9o,8n7ws.
i
ethx
irset
, s
pperci
nt
ct
oip
athlley
r
idguhe t
s
t
o o
f
dceebr
t
namsyosurotmgr aeagonerys gwRuheaisrcathrnictweteeoduinldSdueobbtstheieddrinwaerisysse msbeeacyusrueibsdsjeubceyt,
abreefoerestmimaatuterdityt.o retire a t least 75% of issue CONVERTIBLE!--Into common at any time
tt1ia9oi8nn4,tcoothntersaoCnlisodfraeptroedfruasntiudobsns'tisodipaCrroeieipasonroetfsieot.hnAealtCsDoherapcr.oe r3ao1f,
taom tohuen tfowrhegicohi,ngto greesthtreirctwioinths ailnl saunchagogthreegr ainte debtedness outstanding, does not exceed 5%
S(i9f2.cpa0llepde,r osnh.oTr hbeefocorenvreerdseiomnp tpiorinced wa tiell) baet subject to adjustm ent under a formula in cer
nineTtthhaeessaCegtgosrrepogofarstaueticaohmn 'sosuudbnestibdotifain$ri2set8srumwmilaelsinotrnse.si_ntrciclutedde
SofANLeEt TAaNngDib lLeEAAssSeEtsB. A C K --T h e In d en tu re provides that neither the Com pany nor any
stauiendupsuuraslueavnetnttos, (eax)cceopntivnegrssihoanreosf dofebsteonctku riess a n d c o rp o ratio n 's convertible preference
vofa rwioourks incgovceanpaitnatlsa nthdaltimreitqcurieraetimonaionftfeunnadnecde debt and paym ent of dividends. Also, addi
Ra nedstLriecatesde-SBuabcskidTiraarnysmacatyioennwteirthinrteospa encyt Stoalae P rincipal P ro p erty if th e p u rc h a se r's com m it
gstitrooancnskt,
, e
dae
nttcdo.
,
(obnf)foi
wceexresor
cuoitsrseteaomnfdpsiltnoogycekeaspn
ud o
rfchCheaersieaeanfoet
pseer
mtaisoesndeatisal tfeaulrnyedteahdterldeeeaabfstttemtrwcaioycnebseocolcindrseaoateltiedddantoeetndltyafnuignf idibmelde
mla teenrtoifs tohbetacionmedplmetoiorne othratnh e1p20ladcianygs ianftoepretrhae tion of such Principal Property or of such
mo ruiltas, siufbasdiddiiatrioiensa. lUsnhdaerer sthoef acdojmu smtmone nsttfoocrk are sold at a price above the debenture con
dinesUbttrn,udmaesrentththsoe.sem otesrtmresstarriectidveefionfedthiensethreesdtreibct
PopriendciopralsuPbrsotapnetritayllyasrecpoanirsetrdu,cateltdereodr odrevimel proved. T his restriction will no t apply if either
vtoerbseioanp pprliiecde,atghaisinesxtcseusbs sweiqllueesnttarbeldisuhcatiocnresdoift the debenture conversion price. Under the for
tpcieooerndasetidaonntdh'secocrveoqenunsioarnleitddsamatetidnDiemwcou. rm3k1i,nof1g9$8c14a6,p0thimtealiCllieooxrn
ga(aru)yarawthnoeteueCldoambdepeabentnytsieotlcreudsruectdohbRiysessuater,micoatesrdtsguaSmgueebsoiodnri mw50huelcane,ntcthsoenpvceeurrmssiuholanartepiv,reiecteacd.cjhFuasrnatmcgteeisonntwaaillml sboheua rnmetssadtooef bererysst'$re4iqc0t6ueimdtypilwaliyoamns,eaanvnatdsilt$aob29cle0omfmomrilldoiionvnisdotoefncskdtohocorkldoheotrhlsde.r
strhauetcahcbalPysreisnmecciaupyrailnbgeP,rtoohrpe e(Nrbt)oyttehwseitoChrooDumtepbeaeqnnuytaularlpyepsa,linaedss smsthoaacyrkesbw.e iClsloonnldovteorbrseiopinusssrcuwheadilsleudbpeotnoefcfroeocnutvneeddrswoiouintthbfouuulttl mp reoTnvhtisediwCn goitrhpfooserravtelioroaanlnhsbaaosnfrkesuvuponlvttiiolngJ$uc1nr0ee0d3im0t ,aigl1lri9oe8en7.,
wcaistehionf a18s0aldeaoyrs traann safmerofuonrtcaesqhu,atlh eton, emt ptrhoe
athdejucsatsme eonf td efobrenitnutreersesstu rorrenddiverideednfdosr caonndv, eirn
T hese credit lines w ere unused during 1984. 11. Subsidiaries Debt: O u tsta n d in g , D ec. 31,
tcoeetdhsethfaeirreovfalauned,oof tthheerwPirsien,caipnaal mP oroupnetretyqusaol leased to the retirem ent of the N otes or De
sdbiayotnep,aaysfmutecrehnthtdeoefbtieennntttehurredessat yamcpcurresutceebddeitnhagecrceaoonmni.nptaenrieesdt
CC19he8ie4am,n$eic6sae7l,s7C,7a1In,n0ac0d.0aa,cnoIndmcp.o,rtiChseeediraonUfe.sdSee. bdstouobBfsVridaiisraiglr-iinFeisia,
bn eynoturreas Roer sotrtihcetredinSdeubbtseiddniaersys, osfutbhjeecCt otmo prea SsuEpCeUrioRrITdeYb--t, Ninocltudsiencgur5e%d;%sunbooterdsindauteed198to0 bsirdaisarQieus.im icas L tda. a n d o th er non-U .S. su b
sdpuecctitoonf aNsosteest ,fDo rethb einntueraecsha nIndd oe nthtue rreinidnerbet arinodr doethbet.r d e b t specifically desig n ated as su p e CAPITAL STOCK
eedrwneisses trheatinrefdodr umrianngdsautochry1s8i0ndkainygpfeurniodds oatnhd paym ents at m aturity. Such retirem ent of De
Dpc aaIpyVitIacDlasEshNtodDcikvRidiEnenSedTxsRceoIsCns TcoIofOmNcmo--nosnCooloi.drmataaecdyq unnioreett
1. Ceianese Corp. 4% % cumulative preferred,
AseUrieTsHAO: pRaIrZ$E10D0--: 908,602 shares; o u ts ta n d
btt iheoannnt uatrtheaesnsr aihntaetlel ornef osittncbtoeersetdset toe bmtoherednCet oobmby eptahaneryeDdoeefbmleepns s
eaanrdn innegtspraofcteeredDseocf. s3a1le, a1f9t6e4r spaliuds d5a7t5e,0o0f0c,0a0p0 ital stock and principal am ount of any debt
5iPn1Rg0,0E.sFeErieRsEAN,
Dec. 31, CES--H
1984, 850,902 shares; as first preference
par for
stuidreiasr.yT, hheowCeovmerp, amn ya yo re natneyr iRnetostraicSteadleSaunbd Lease-Back Transaction which would other
c1o96n4v.erted in to capital sto ck after D ec. 31, R IG H TS ON DEFAULT--Trustee or 25% of
DtaisvIseVetIsdDiavEnidNdedDnidvsiRdIeoGnfdHs5.T4.S5--0 Ep ne rtitlsehdarteo acnunmu aulllay
waabsilsteeodbceerbestauwtbehjeaiccnht ,atogtogtgrheeegthafeoterrewagmoitihonuganllrteasottftrriaicbtttuirotianbbusltoe
d(3e0bsd,amy sa'yg rdaeccelaforer ipnrtienrceisptapladyumeeannt)d. p a y a b le IN D EN TU R E M ODIFICATION--Inden
Dp aIyVaIbDleEqNuDarteRrElyCJOa nR.D1,--etIcn.itial dividend of 82% cents paid Ju ly 2, 1951, regular dividends
dsteabntd ionugt,sdtaonedsinnogt aexncdeeadll5%indoefbNteedtnTesasngoibulte
wtuirteh cmo na ysenbteofm6o6d%if%iedo,f dexebcse.pt as provided, L IS T E D --O n N ew Y ork Stock Exchange.
VuthnOelerTesasINfdteGivr idReInGdHs oTnS --preHfearsrendostvoocktinagre pionwaerr
ItwuNirtDeh EcmoNnaTsyeUnbRteoEfm6o6Md%ifO%ieDdo,IfFdeIxeCbcAse,pTot IuOatssNtg--p. roInvdideend, P5fo7Ur5R.n0eP0w0O. pSl0Ea0--n0tPnfaroocteiclseit,eiedtoss,apntaodygiebntvahneeskrtmlwoeiantnhtss siiannlcenuerowrfeddrrieeganhrdsts,itnowaehnleenactmpoorenufene-trfroeeuqdrutavhlo ttoiofn g4diqaresucaatrotrecsrl,alysosdr hivaains
RofIGdeHbsT, SouOtsNtg.DmEaFyAdUecLlaTr--e pTrrinucsitpe ea,l doure2a5n%d payable (90 days' grace for paym ent of inter
bbcuualrsarinendecsebsfeyosr;Cgthoeanmpearpayllinp53uO1rp,i0lo0as0ne,0ds.0a0sbsuamn kedlobayn sCion.,
mstoiCnciokmn, suaemsnatoocf lftaw6ss6o,%dni%erceecotsfosraosru.ytsttoan(1d)iningcprereafseerareud
eLPsUItS)R.TPEODS--E --O nP rNoecweeYdsowrkilSl tboeckadEdxecdhtaonggee.ner
4. Ceianese corp. convertible subordinated de benture 9% s, due 2006:
stehtqooucrakilzeasddtovcepkrrs,eefoleyrr.r(e2d),choarngcereraitgehtsanoyf pprreifoerrreodr
aplenfudnitdusr,e fporro garpapmli.catio n to C o.'s capital ex O F F E R E D --(S100,000,000) a t 99.75 plus ac
A59U9.T99H0..--00$01. 00,00R0a,0ti0n0g;--oBuatsatg1., D ec. 31,
1984,
ferCreodnssetonct konf emceasjsoarriytyto odfiesosoultvsetanodr isnegll spurbe stantially all assets or merge or consolidate.
Jcurulyed18i,n t1e9r8e0stth(rpuroFciersetd sB otsotoCn oC.,or9p8..8a7n5d) aosn sociates.
JDI&NADTTE1ER. DE--SMT --arJ. &15D, 191851.toD UhEo l--deJrusn ere1g5i,st2e0r0e6d. TR U STEE--Bankers T rust Co.
ELenruIiQttciiteoUlenifIdDtvotooAoluT5th1nIe0Ota0r Nrcpylea, rspRssleuhIssGaordHefivsTitfiodSicne--knv.dIonslubneltfiaoqrruyeidodaristcitorailn-l
2. Ceianese Corp. 10% % notes, due 1987:
A U T H .--S100,000R,0a0ti0n;gO--uAts3tg ., D ec. 31, 1984,
DaabnEldeNwiOnittMehgoIrNuatlAsemTrIvuOilctNiep--clehsFarutghleley.reroefg.isItnerteedrc, h$a1n,0g0e0
tPCi vRAeELrELi gAMhBtPsL.TEI V--EA sRaI GwHh To lSe --oHr
as in
no preemp part on not
SDINIA0T0T,E0E0RD0E,--0S0J0Tu.--lyJ&15J. 191850.tDo UhEo--ld eJ ursly r1e5g,is1t9e8r7e.d
CtniomAtiLecLeoAntoBaLetaElce!h--a sJtAu3ns0eab1u4wtahnsooflotelmlooorwrsein: thpaanrt60a td aaynsy'
l1e9s6s6thaat n513002dpayesr*snhoatriec;e tahtearenayftteimr ea tto51M00a yp e1r,
share. >
*. v. =
TCoR.U S T E E --M a n u fac tu rers
Hanover
T ru st
111999988158 ...... ...... 110057..8850 11998896 .... ... 105.20 1990 .. .........110100426...565500
pPrUe fRePrrOedS Ea--n dParloscoeoedffseuresdedintoexrecthiareng$e4.f7o5rf7ir%st second preferred on basis of 1% 4% % pre
aDnEdNaOn yMiInNteAgrTaIlOmNu--ltiFpulelloyf rSeig,i0s0t0e.reTdr,aSn Is,f0e0r0 able and exchangeable w ithout service charge.
af1u9n9nd4dt .h(.we.r.h.e1iac0fh1t.es9re5ea)1t 9a91t5001.0..0A...l.s o10c1.a3l0la1b9l9e6f o..r .s. .i n1k00i n.6g5
DfeerIsrVrTeIdrDusEshtaNCreDos.,DfNoIreSewBacUYhRo7rS%kINapnGrdefALeGrorneEddNosnTh.--areB. ank
CtimA Le LonA Bo rLaEf--terAJsu lay w15h,o1l9e85o ronina tplaeratsta3t0abnuyt n o t m ore th an 60 d a y s' notice a t 100.
S20I0N5K, sIuNffGiciFenUtNtoD r--edAenemnua$l5l,y0,00Ju,0n0e0 p1r5i,n1c9ip9a1-l am ount of debs., plus sim ilar optional pay
TT RR AA RN--S FMEoRrg anAGGuEaNraTnSty TAruNsDt Co.RoEf GN IeSw
Y ork.
;v v; :
SS EINCKUIRNIGT YF--U NO DT H--ENRone.
P R O V IS IO N S --
mofednetbs.s,Soinuktsitngg. fu n d is designed to retire 75%
L IST ED --On N Y SE (Symbol: CZ Pr). -y v
2. Ceianese Corp. $3 convertible preference;
SLPaUImSRTePEaOsDSs--E.f.--OdnePbNro. ec1wel%eYdsso, wr2k0il0Sl5bt.oeckadEdxecdhtaonggee.ner 5Cil7eO1gNeppVe rrEosRthu.T,teIsBduLbajEgea!c--itntsIont datodiljuuctoisomtmn..eantt.aCnoynvti.mperiva t A3N7oU,3pT7a6Hns.--hs-.4;5n,6o6p4ars.hs.; ou tstg., D ec. 3y1 ,, 1v984,
aplenfduintdusr,e fporro garpapmli.catio n to C o.'s cap ital ex SseEnCioUr RinIdTeYbt--edNneosts.secured. S ub ord inate to all sPeRriEesFAE RpfEdN. fCorEaSs--seHtsaasnedqduiavlsp. reference w i.-t,vh*
1144
M O U U l 3 i i v i / u j i i u i JU-/ ----. _
D IVfjIjMDfeEji..N* 'D--R IG _H T.S--' E n title' d--t`oc*-um*. di`vs. of $3 a &h* annually, p a y a b le q u a rte rly Ja n . 1,
mISeSrUg eErDo--f CIenlluDloeicd.,C1o9r4p1.
in
connection
w ith
niV X D B N D R E C O R D -- In itial dividend of wE XerCe HofAfeNreGdEriOg hFtFtEo Re--xcIhnanAgper.fo1r9541V,jjh%oldperers
V1OTfoIIuNt1roGmf o4RnIqtGhusHa)rTpteaSril--dy JNdaoinvn.s-2.v,wo1t9hi6ne5gn., perexfceerpetncoen,
4fei/r2r%ed porne fbearsreisd offo roneeacahn d7%onpe-rheafelfrrsehdarsehsaroef held. O ffer expired A pr. 25, 1951. See also
yotetopgeerthsher. own iethlecctoiomnmoof nd,ireiscteonrsti.tled to rights u n d e r com m on stocks
,pfJenIrDostAh.cTopInlOusosNldidiRvasItiG.opnHrioTcrSe m--toeOr7gn%era)sneeycnotlniitodluepdidrteao-jd and common shares.
AingU4.,TDHeOCc.eRl3aI1Zn,eEs1De98--C4o,5r0p1,.30,c05o02m,30,m0705o9nsh;sanhroaerpse;asno; uitns ttarneda sury, 2,511,019 shares; reserved for convertible
jj$^dLeAndBdLaEte--oAns6a0 dwahyosl'enootricien apt a$r6t5 opne rasnhy.
) divs.
.
pibrleefedreebnecnet2u5r,e9s871,s6h2a8r,e7s3;4rsehsearrvese;d rfeosrecrvoendvefrotr stoNcko oppatriosnhsa,re3s31s,p1l0i0t 4s-hfaorre-sl;innoMpaayr., 1927 an d
,,^dci.naAgllVerdEe,RdoeTnmIBopLrtiEboe--nfodIrnaettoeb)ucsaointmermsastoend aoayft n0a.en6xy9t5t3pimreoe-f 21/a-for-l S ept. 25, 1946.
|h<eef.csohm.:mcoanshsph.a ipdluins US Ie.u15ofinfracnaschtiofnoar l esahcsh. 11993188-3..5.....__..._.._._NNDiillivH1idI913e96n3d9.....R......e....c....o.....r01d..55(00in[1D$9)31794.0...........2. .12.255
in v e rsio n *privilege p ro te cted a g ain st diiu- 11994461-4..3...........1....6.221.0/20 0 1 9 4 4 ...;..0 ..5,0 1945 ' .........2.00
RDRIVEIEDME NP TDIVDEISRBIUGRHSTISN--G NAoGn eE.N*T*--V-"B ank- 1946 A...f..t.e..r...2..10/.2-5fo1r9-4l7sp...l.i.t..:..1.30 1948 .....2 .2 0
T Ri TArNuSstFCEoR., N eAwGYEoNrkT.S A N D R E G IS 11995429 ..........................22..2450 11995530 ..................21..2555 11995514 ..........03..6020i/2
iPTfUoRrARk.PRO--SME--o rgIsasnu eGdu a(r1a0n0t,y00T0 russhts.C) o.inof NNoevw.
1I996550*...........................01..5100 11995616 .................10..2602i/2 019169257-59.11.0.400 1963 ............. 1.60 1964 *..... 1.70 1965 . . . . . 1.95
1jf1e9n6c4e ionf eCxchhaamnpglei,nshO.ilfo&r sRh.e,ffionirncgonCvo..purenfdeerr; proposed merger.'
111999876186-7...3............................322...808550 111999877249-'8...3.............432...014000
111999887045-7..7.............3.42..5.18000
I LISTED --On M idwest Stock Exchange.
3. Celanse Corp. 7% cumulative second
pre01C9D8P5l.u..s..s..t..o..c1k.10dividends:
1939, 2Vfe%;
1959, 25%.
DAfeeUrrceT.d3H,1pO, a1Rr9$I8Z140,E02D:5,--63382s,3h9a8ress;h apraers;$1o0u0t.stan d in g ,
helddJAanlsdo 1psahidare2 csohmarmesoncofmormeoanchfo30r sehaacrhes40heslhda. res GDAlso paid stock dividends aggregating 3 shares
DcoImVmIDoEn NstDo ckRtIoGcHuTmSu--latHivaes dpivreidfeernednscoe fo$v7ear share per annum; payable quarterly, on Jan.
for0eTacohM70ars.h2a9re. s held. 4 1 D IV ID EN D L IM IT A T IO N --F or details, see
.D$11,I.eV7t5cI.Dp eErNshDareRpEaCidOARpDri--l 1I,n1it9i4a2l; rdeigvuidlaernddivoif tDCeorImVmIplDoaanEnyNs oDufnfedrResrEiLtIsoNnhVgo lETdSeerrTsmMoDfEecNbotTm, ambPooLnveAs.tNo c--k
VdeOnTdsINp aGid Rq uIGa rHteTrSly--thNeorenaefteprr.o vided , except any increase in authorized second preferred
tchoem ompopno rsttuoncikty thtorobu ug hy aitdsd iAtiuotnoaml asthicareDsivoif dend Reinvestm ent Plan, adm inistered by
rpLerIqeQfueUirrreIeDsdaA. pTpIrOo vNa
l
of R
ho IG
ld H
ers TS
of --I
90 n
% of liqu
second idation
MP aortrigcaipna tGinuga rsahnatrye-TowrunsetrsCom. aoyf iNn veewst Yaodrdki. tional cash contributions, in addition to their
$bw1uh0tei0othanestrohvacoroelmuanmntdaorndyisvotoirdceiknn.vdos lpurnitoarryto, aenntyitdleisdtrtio
dalilvcidoesntsdo, fatthteh epilrano.p tion. C elanese C o rp. p a y s V O TIN G R IG H TS--Subject to rights of pre
PCRAELLEAMBPLTEI--V EN oRnI-GcaHllTabSl--e. N one.
fpeorwreedr w(Nitohs.on1,e 2v,oatne dp e3r asbhoavree.), as sole voting
DerIsVTIrDu Es tNCDo.,DNIeSwB UYRo rSkINa nGd ALGonEdNonT.--B an k TRANSFER AGENT AND REGISTRAR--
pPrReeEmEpMtiPv eT IrVigEhts uRnIdGeHr lTawS --, eCxocempmt aosn to ha nasy stock (or securities convertible thereinto) is
M organ G uaranty T rust Co. of New York. sued for property or services.
.
DeTrRIsVATIrNDuSEs tFNCEDoR.,DANIGeSwBE
UNY
RT o
rSkAI.NNGD
AG RE
ENT-- G IS T R
Bank AR--
MIS So rUgEanDG--uOalrda nntoy Tpraur ssthCaor.eos fwNeerwe Yissourked. as
tfeorllroitwosr:y 15r0ig,0h0t0s, shpaarteesn tJsu,n ep,ro1c9e1s9setos, aacqgureiree
bma nloednckt2ss, soehftac5r.;esshianorfeAscufogimr.s, mt 1po9an2r3tai,ct4ip6$a,50t0i02n0gpspehrraerfbeelosrrcekidn;
9tthr.0ae0s0etrbasldohicankrges;s taencrodrimt2om5r,y0is0s0iroisgnhhatrsfeo, sr ptoautneadcneqtruwirriregithientxsg,
baagnlordceke5smsohefanrt9se,sshectaocr.me; simnfoiNrnsotavpt.a,$r11t,i90c22i5p0,a5pt,ie0nr0g0bplsorhceakfre;erasrneiddn
A1.p00r.0, s1h9a2r7e, s13fo,7r50u nsdhearrwesriitninbglotchkesseobf l4ocskhsa;reins
fciorPms tl
ma npoadnr
ataitctei$dp4aM5t0ianprg.e7rp,br1leo9f4ce1kr
.rfeodr
and m erg
e
o r
ne wi
t
s h
hC^aerle
lnuelsoeidcoCmormp.opnrcoovnidtiendu ethtaot beaecah sshhaarree ooff Ccoemla
mditoinonoafltshheacroens toinfucionmg mc oornp owraetrieo niss2u63e,d76in3 aadc
co3rd30a,n8c4e6 wshitahrpeslainssoufemd eirng eDr.ec., 1951, .in con
ne nect triiognhtws.ith co m m u tatio n of th e D rey fu s p a t
19(6292t5h,0ru00Bsahcahrees&) Ca to.$,6I6n.c2.5aansdhaasrseoocinatMesa.r. 4,
uLe dnI lSiosTnt eEMdD i--tdrwaOdenisntNgaYnodSn EPBa(coSisyftimocnbS,otloC:ciCnk cZEi)n;xncaahltsiao,n glaiensstd;
PdohnilaadnedlpAhmiasStetrodcakmE Sxctohcakn gEexsc. hLainsgteeds.o n L o n
SCuobmscmriopntionstoRcigkhhtso:ldGerrasn otefd rseicnocred19A5p0r:i#l 11,
ip1br9le5ef1eprhrraeefdderrrsiegtodhctkattofrosarutebesaoccfrhi.b%ecfoittomhsm4 oVof&n%a sschhoaanrerveearottf,
$ac1c0e0patesdh aorne s(u7b%scsriepctoionndsparet f$e1r5re0dpsetro cskhawrea)s.
R19iC6g3hothmsamedxorpinigrhesdttotAockpsrhu.ob2ls5dc,erri1bs9e51ot.of 9r6e4c,o3r9d0 cOocmt.m2o5n,
shhealdreas to nprbicaesisofof$4o5nea shshaareref.oRr iegahcths 8esxhpairreeds
M aCro. m12m, o19n63s.to ck holders of reco rd M ar. 16,
va1e9t 6rpt5iabhrlaeadtsruribagtohertdtoiofn as$ut1eb0ds0cddrieebbbeeentnottuu$rr7ee8s,48sf5,o9rd,8ue0ae0cch1o99n105
shCa roems mheoldn. RstiogchktshoelxdpeirrsedoAf prre.c5o,rd196M5.ar. 10,
m19o6n6 hshaadrerisgohnt tboassuisb socfriobnee tosh a1,r4e78f,o6r22eaccohm8
Mshaarr.es29,he1l9d66.a t $64 a sh a re. R ig h ts expired
I