Ineos Intents to Permanently Close Gladbeck Site in Germany
Ineos Phenol announced its intention to permanently stop production at their site in Gladbeck, Germany.
Ineos Phenol
Ineos Phenol to Buy Mitsui Phenols Singapore
Ineos Phenol is paying $330 million to acquire Mitsui Phenols Singapore. With the deal, expected to close in the first quarter of 2023, subject to regulatory approval, it will add 1 million tonnes of annual capacity to its production volume. The business had sales of $750 million in 2021 and 120 employees, all of whom will transfer to the new owner.
