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Business
Celanese settles airport battle
December 4, 2006
| A version of this story appeared in
Volume 84, Issue 49
Celanese has reached a settlement with the Frankfurt, Germany, airport (Fraport) to relocate the nearby Kelsterbach, Germany, plants operated by its engineered polymers subsidiary, Ticona. The agreement resolves years of legal disputes related to a planned expansion of the airport. Over a five-year period, Fraport will pay Ticona approximately $850 million to close the Kelsterbach operations and move to a new site within Germany.
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