Lyondell Chemical
| Lyondell Chemical Company
|
|
|---|---|
 |
|
| legal form |
Corporation Public Company (USA) |
| founding | 1985 |
| Seat | Houston , United States |
| management | Dan f. Smith (President & CEO ) |
| Number of employees | approx.11,000 (2005) |
| sales | 18,606,000,000 USD (2005) |
| Branch | Chemical industry |
| Website | lyondellbasell.com |
The Lyondell Chemical Company was a major, global chemical company headquartered in Houston, Texas, which was listed on the New York Stock Exchange until the end of December 2007 until it was taken over by Basell . It is now part of Lyondellbasell Industries NV
history
In 1985 Lyondell emerged from the Atlantic Richfield Company (ARCO) . In 2005, sales of around US $ 24 billion (2005) were achieved.
In December 2007, Lyondell was taken over by the Dutch chemical company Basell for $ 19 billion.
The chemical company LyondellBasell is majority owned by the Access Industries holding company owned by the Russian-born US billionaire Leonard Blavatnik .
The company filed for Chapter 11 bankruptcy in early January 2009 due to debts of $ 26 billion .
Group structure
The following companies also operate under the umbrella of Lyondell:
- Equistar
- Millennium Chemicals as well as the
- Houston Refining LP
Web links
- lyondellbasell.com (English)
Individual evidence
- ^ Annual Report 2005 ( memo of September 5, 2006 in the Internet Archive ).
- ↑ a b c manager magazine: Lyondell Basell: Chemical giant is considering fleeing into bankruptcy