Ineos has announced it may build its 4x4 off-roader in France, suspending existing plans to build it in Wales and Portugal. The Swiss-headquartered group is now in talks with Mercedes-Benz about acquiring the major German carmaker’s site at Hambach, France, describing the site in was “ideally suited” to the Grenadier.
Steve Harrington, currently president Global Styrene Monomer and Asia-Pacific at Ineos Styrolution, has been appointed as the Germany-based styrenics manufacturer’s new CEO, succeeding Kevin McQuade, who has been named chairman of the company’s supervisory board.
Ineos is buying BP’s global petrochemicals business for $5 billion (£4 billion) in what is being touted as the biggest deal since the coronavirus pandemic began circling the globe in winter and early spring this year.
Ineos will build two hand sanitizer plants in the US, adding to the facilities it has already constructed in the UK, Germany and France.
Ineos has joined forces with Plastic Energy to help promote and employ chemical recycling.
Due to the coronavirus crisis, Ineos has postponed the planned annual maintenance shutdown of its UK North Sea Forties Pipeline for almost a year, to assure its chemical feedstock customers of sufficient supply amid British government virus containment restrictions.
Olefins and polyolefins giant Ineos is switching auditors after a breakdown in communication between long-term partner PriceWaterhouseCoopers (PwC), which has audited the chemical group since its 1998 creation, and Ineos chairman and controlling 60% shareholder Jim Ratcliffe.
