Ineos
Map with all linked sites: 
| Ineos Holdings Ltd.
|
|
|---|---|
 |
|
| legal form | Limited |
| founding | 1998 |
| Seat |
London , UK
|
| management | Jim Ratcliffe |
| Number of employees | 22,000 (2020) |
| sales | 60 billion US dollars (2020) |
| Branch | Chemical industry |
| Website | ineos.com |
Ineos (own spelling INEOS) is a group of privately owned chemical companies headquartered in London .
As a result of a management buy-out of the former petrochemical holdings of BP (formerly British Petroleum ) in Antwerp ( Belgium ), the group was formed in 1998 under the direction of Jim Ratcliffe, the current CEO, and has since expanded rapidly through the acquisition of other businesses.
history
Some of the production facilities previously belonged to Amoco , BASF , BP , Dow Chemical , ICI , Phenolchemie , Solvay , UCB , Union Carbide and Sasol . In 1998 Ineos was founded and the ethylene derivatives business was acquired from Inspec in Antwerp. After a presentation from the year 2001, the name of Ineos resulted IN spec E thylene O hydroxides and S pecialities, however, another explanation was 2,013 known.
In 2000 a phenol / acetone factory was established in Alabama, USA.
In 2001 Ineos acquired Crosfield and operates as Ineos Silicas . In the same year, the company acquired ICI's chlorine chemicals business , which trades as Ineos Chlor , ICI Klea , which trades as Ineos Fluor , Dow Chemical's global ethanolamine business , the majority shareholding in EVC (a joint venture between EniChem and ICI), and phenol chemistry , Gladbeck, which operates as Ineos Phenol .
Ineos acquired Methanova Mainz in 2003 , which now operates under Ineos Paraform . In 2004 EVC Films was founded as a separate business. In 2005 Ineos Enterprises Ltd was formed . EVC is completely taken over by Ineos, which leads to the reorganization of Ineos Chlor . Two new companies are created: Ineos ChlorVinyls and Ineos Films and Compounds . Ineos Films acquired “Adriaplast” and “Caleppiovinil” in Italy.
Also in 2005, the Canadian polystyrene business was bought by BASF and Styrenics was founded. The acquisition of the UCB melamine resin plant in Fechenheim (formerly Cassella) added a worldwide melamine resin and additives business with production facilities in Frankfurt am Main and Springfield (USA). This was intended to create synergies with Ineos Paraform in Mainz and Ineos Melamines in Fechenheim.
Ineos bought Innovene , BP's Olefine & Derivate (O&D) division, with the refinery sites in Lavéra (France) and Grangemouth (Scotland) and a chemical site in Cologne-Worringen (Germany), which was originally called EC Erdölchemie , in 2005 . With an estimated annual turnover of 25 billion US $ (2005) brought by Innovene at a price of 9 billion US dollars, the previous Ineos turnover of approx. 8 billion $ (2004) has quadrupled. The number of people employed doubled. With this acquisition, Ineos became the third largest independent petrochemical company in the world.
In June 2007 Lanxess brought its Spanish subsidiary Lustran ( Tarragona ) into a joint venture with the British chemical company. Lanxess' exit was handled in two steps: First, Lanxess founded a joint venture with Ineos, which took over 51% of the shares in Lustran Polymers , Ineos ABS . According to the company, Ineos paid around 35 million euros in September 2007, the first partial payment of the purchase price in two steps. To finance this takeover, Ineos sold its PVC paste division with locations in Schkopau and Hillhouse (UK) to the German PVC manufacturer Vinnolit (Advent International).
In 2008/2009 the group got into financial distress as a result of the economic crisis. After negotiations with the creditors (a consortium of several banks), the group was restructured and financed on different terms. The company management then announced that the financial position of the group was safe again and also secured by the banks.
In 2010 Ineos moved its headquarters from the United Kingdom to Switzerland for tax reasons. In 2016 the seat was moved back to the UK.
In 2014, Ineos took over Sasol Solvents Germany GmbH with its two production sites in Moers and Herne and operates them under the new name Ineos Solvents. Here u. a. Solvents such as isopropanol , butanol , ethanol produced.
In September 2015 it was reported that Ineos was holding talks with Lanxess about a coordinated approach to the market.
With effect from July 1, 2019, the INEOS Paraform and INEOS Melamines divisions were sold to Prefere Holdings GmbH.
On June 29, 2020, Ineos acquired BP's petrochemicals business for $ 5 billion.
Sports
Ineos has been the main sponsor of the British cycling team Team Ineos since May 1st, 2019 .
In August 2019, the company took over the French first division club OGC Nice . According to French media reports, the purchase price will amount to 100 million euros.
On October 12, 2019, the INEOS 1:59 Challenge took place in Vienna , in which the Olympic champion Eliud Kipchoge from Kenya covered the marathon distance in a time of 1:59:40 hours, making it the first person to complete the marathon in less than two hours. Due to changing pacemakers , however, time cannot be recognized as a world record.
INEOS has been one of the main sponsors of the Mercedes AMG F1 Team since the 2020 Formula 1 season .
Motor vehicles
Ineos Automotive was founded in 2016 . This company plans to build the Ineos Grenadier in Great Britain from 2021, an off-road vehicle in the style of the Land Rover Defender, which was discontinued in 2016, and with engines from BMW . Magna International supports the company in developing the vehicle for series production .
Finances
Ineos has an annual profit of approximately £ 1 billion (2005). The company is making use of junk bonds to finance the acquisitions .
globalization
The company has (as of 2015) 64 production sites in 16 countries. It is divided into 15 business units (“Businesses”): Ineos ABS , Ineos Barex, Ineos Bio, Ineos ChlorVinyls , Ineos Enterprises, Ineos Melamines , Ineos Olefins & Polymers Europe, Ineos Olefins & Polymers USA, Ineos Oligomers , Ineos Oxide , Ineos Paraform , Ineos Phenol , Ineos Styrenics and Ineos Technologies.
Works
| place | keyword | Products |
|---|---|---|
| Frankfurt am Main | Ineos Melamines | Synthetic resins |
| Antwerp | Ineos phenol | Phenol and acetone |
| Mobile (USA) | Ineos phenol | Phenol and alpha-bistyrene |
| Gladbeck | Ineos phenol | Phenol and acetone |
| Cologne | Ineos Cologne | Petrochemicals |
| Moers | Ineos Solvents | solvent |
| Herne | Ineos Solvents | solvent |
Former works
| place | keyword | Products | from | to |
|---|---|---|---|---|
| Wilhelmshaven | Chemical plant Voslapp | Polyvinyl chloride (PVC) | 2001 | July 2015 |
| Mainz-Mombach | Ineos Paraform | Methanol derivatives | July 2003 | July 2019 |
Web links
- Ineos Cologne
- Ineos Group (English)
Individual evidence
- ^ Registre du Commerce du Canton de Vaud ( Memento from February 25, 2015 in the Internet Archive ).
- ↑ a b ineos.com: Company
- ↑ Patricia L. Short: Ineos Springs Into the top 50 . In: Chemical & Engineering News Archive . tape 79 , no. 35 , 2001, p. 23-26 , doi : 10.1021 / cen-v079n035.p023 .
- ↑ Origin of the name 2013 as an artificial word ( Memento from October 15, 2013 in the Internet Archive )
- ↑ Lanxess brings Lustran Polymers business unit into global joint venture with Ineos ( Memento from January 6, 2009 in the Internet Archive ).
- ↑ Vinnolit to acquire paste PVC business from INEOS
- ↑ INEOS brings financing talks to a successful conclusion. Ineos Press Release, July 16, 2009.
- ↑ Gerald Hosp: Who is the billionaire who likes Land Rover, Belstaff jackets and Lausanne sports? In: nzz.ch. Neue Zürcher Zeitung , November 15, 2017, accessed on July 15, 2018 .
- ↑ Ineos is Back in Britain. In: ineos.com. Accessed July 15, 2018 .
- ↑ Negotiations are ongoing: Lanxess and Ineos examine alliance. In: handelsblatt.com. Retrieved August 24, 2017 .
- ^ INEOS Enterprises agrees to sell INEOS Melamines and Paraform to Prefere Resins Holding GmbH. In: Ineos.com. April 24, 2019, accessed on August 29, 2019 .
- ↑ BP sells petrochemicals business for $ 5 billion. In: finanzen.at. June 29, 2020, accessed June 29, 2020 .
- ↑ Tom Mustroph: Radteam Sky becomes Ineos: An unpopular sponsor . Frankfurter Allgemeine Zeitung , May 3, 2019, accessed on July 26, 2019.
- ↑ OGC Nice reports takeover as perfect: "Want to strengthen the club in all areas"
- ↑ INEOS 1:59 Challenge: Why was Vienna chosen for the INEOS 1:59 Challenge? youtube.com, October 7, 2019, accessed October 10, 2019. - Video (2:24)
- ↑ INEOS 1:59 Challenge: Marathon - Kipchoge runs into new dimensions orf.at, October 12, 2019, accessed October 12, 2019
- ↑ INEOS becomes principal partner to Mercedes-AMG Petronas Formula One team accessed February 16, 2020
- ↑ Torsten Seibt: Ineos Grenadier: Spectacular rebirth for the Land Rover Defender. In: auto-motor-und-sport.de. July 1, 2020, accessed July 1, 2020 .