Company Overview of INEOS Group Holdings S.A.
INEOS Group Holdings S.A., through its subsidiaries, is engaged in the manufacture and sale of petrochemicals, specialty chemicals, and oil products worldwide. It operates in three segments: Olefins and Polymers Europe, Olefins and Polymers North America, and Chemical Intermediates. The company manufactures olefins and related products, such as ethylene, propylene, butadiene, raffinate 1 and 2, benzene, toluene, and gasoline blending components, as well as low-density polyethylene, linear low-density polyethylene, and polypropylene. It also provides mixed butenes and crude benzene; and slurry loop high-density polyethylene products for use in manufacturing food packaging, household chemical ...
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Key Executives for INEOS Group Holdings S.A.
Finance Director, Director and Chairman of Audit Committee
Compensation as of Fiscal Year 2014.
INEOS Group Holdings S.A. Key Developments
Ineos Group Closes its Exiting Barex Business in Lima, Ohio
Nov 3 14
Ineos Group is closing its only resin plant that makes Barex-brand polyacrylonitrile (PAN) resin, in Lima, Ohio. Ineos is exiting the business as a result of the closing, which will take place in the first quarter of 2015. 50 jobs in Lima, Houston and Switzerland will be lost as a result of the move. Ineos plants in Lima making acrylonitrile and catalysts are not affected by the Barex move.
INEOS Group Holdings Announces Earnings Results for the Second Quarter Ended June 2014
Jul 17 14
INEOS Group Holdings announced earnings results for the second quarter ended June 2014. For the quarter, the company's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 22% compared to the same period in 2013, as a strong North America and improving Europe offset soft results in Asia. Company's EBITDA was CHF 447 million compared to CHF 365 million in the second quarter of 2013 and CHF 401 million in the first three months of 2014. The business does not include all of INEOS' operations, and the company's olefins and polymers (O&P) UK business was moved out of the holding company into another part of INEOS in October 2013. Net debt stood at CHF 6.2 billion at the end of June 2014.
One in Five Workers at the Grangemouth Oil Refinery of Ineos Signs New Contract
Oct 21 13
Ineos given its 1,350 employees until 6pm October 21, 2013 to agree to new, less favourable terms and conditions or face redundancy. The company, speaking after trade union Unite held a rally opposing the moves at the refinery gates October 20, 2013,more than 250 people had already signed the deal, which cuts their pension pots and holiday entitlement and imposes a three-year wage freeze. Ineos, which says it is losing money at Grangemouth, shut the plant down a week ago. It will only reopen, it insists, if it gets a guarantee from Unite that there will be no strikes in 2013.
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