Home / Knowledge / News / Textiles / INEOS to combine Olefins & Polymers businesses
INEOS to combine Olefins & Polymers businesses
13
Nov '08
INEOS has announced that on 1st December, it is to bring together the management of its European Olefins and Polyolefins businesses into a new combined business, to be known as INEOS Olefins & Polymers Europe.

INEOS Olefins & Polymers Europe will become the largest business within the INEOS Group with the scale and diversity necessary to be able to compete in the current turbulent economic climate. It will employ around 3600 people across 10 sites and will have a turnover of around €9 billion.

Tom Crotty will be CEO of the combined business as well as retaining his position as Chairman of INEOS ChlorVinyls and of INEOS Fluor. He comments: “Combining the European Olefins and the Polyolefins businesses together is a natural progression for these businesses.

He adds: ”Running both businesses as a single integrated unit will enable us to optimise our margin through the chain, which is essential if we are to meet our customers needs in current market conditions”.

Bill Reid will become Business Director of INEOS Olefins & Polymers Europe and Chairman of INEOS Phenol in addition to his position as Chairman of INEOS ABS. Rob Ingram is to be appointed as Procurement Director of the new business, with Hans Niederberger, taking up the post of Operations Director, Olefins and Jeff Seed, Operations Director, Polymers. Philip de Klerk, will become CFO.

The integrated business model will reflect current businesses such as INEOS O&P USA and INEOS ChlorVinyls by combining the upstream and downstream operations to maximise flexibility through the chain.

INEOS

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Stefano Gallucci (left), CEO, Santex Rimar Group, and Tamer Hasbay, President, Has Group; Courtesy: Santex Rimar

Textiles | On 24th Jan 2017

Santex Rimar to market all Has products globally

Italy based Santex Rimar Group has signed an agreement with Turkey...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search