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Ineos opens new UK office

December 12/2016

MOSCOW (MRC) -- Olefins and polyolefins giant Ineos, headquartered in Switzerland for the past six years,  is opening a new office in London to house its growing UK businesses, said the producer in its press release.

The offices will provide a home for a number of Ineos UK businesses, including its oil and gas ventures, its shipping business and its trading business.

The building will also be home to the joint venture INOVYN, which controls 14 manufacturing sites across Europe including the massive Runcorn facility in Cheshire.

УIt makes perfect sense,Ф said Jim Ratcliffe, Ineos chairman and founder. "Although Ineos has business interests across the world, the UK oil and gas business is a key focus for us at the moment."

Rolle in Switzerland will remain the headquarters for Ineos Group and a number of well-established Ineos businesses. Ineos will now formally refer to itself as an Anglo/Swiss company.

We remind that, as MRC reported previously, in early July 2016, Solvay completed the divestment of its shareholding in INOVYN (London), bringing to an end Solvay's chlorvinyls joint venture with Ineos. Inovyn was formed on 1 July 2015 as a jv between Ineos and SolVin, a subsidiary of Solvay. Solvay and Ineos signaled their decision to end their chlorvinyls jv in March this year. 

Ineos Group Limited is a privately owned multinational chemicals company consisting of 15 standalone business units, headquartered in Rolle, Switzerland and with its registered office in Lyndhurst, United Kingdom. It is the fourth largest chemicals company in the world measured by revenues (after BASF, Dow Chemical and LyondellBasell) and the largest privately owned company in the United Kingdom.
Author:Margaret Volkova
Tags:PVC, PP, PE, kausticheskaya soda, SPVC, Ineos, Inovyn (Ineos ChlorVinyls), Solvay, Solvin, UK, Switzerland.
Category:General News
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