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

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Top executives
Textile industry, India

The event should be organised every year

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search