World News and Views :: Top of the News
Ineos Reviews 'Non-Essential Capital Expenditure,' Responds to Speculation over Debt
5:03 AM MST | November 5, 2008 | Natasha Alperowicz
Ineos says that "in view of the current economic climate and in line with many other companies," it is prioritizing cash generation and reviewing its non-essential capital expenditure program. The company declined to be more specific but said that this "is a general focus across the company." Ineos also responded to recent "media speculation" and confirmed that it has never breached any of its banking covenants. The company "has significantly reduced its borrowings over the last three years and has no significant debt maturing...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee