IHS Chemical Week

Regions :: Western Europe :: U.K.

Ineos writes down Grangemouth to increase pressure for cost cuts

9:00 AM MDT | October 6, 2013 | Natasha Alperowicz

Ineos has increased pressure for workforce cost reductions by writing down the value of its Grangemouth petrochemicals complex in Scotland to zero and warning that it will close the facility unless it can cut costs. It took the £396 million ($635.5 million) writedown in the latest accounts for Ineos Chemicals Grangemouth, filed at the end of September. Ineos said it had lost £150 million in the past four years at the site, which employs about 700 people. The company recently devised a ‘survival plan’ for the site.   “We had no...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.


Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis from the entire global chemical enterprise on chemweek.com
  • Mobile edition of Chemical Week
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional focus
  • Global outlook issue

 

 

 













 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa