Chemical Week Magazine :: Cover Story
Ashland Building a Specialties Core
8:51 AM MDT | August 3, 2012 | —Vincent Valk in Covington, KY
When Jim O’Brien took the helm as Ashland CEO in 2002, he operated a company with cyclical earnings, low margins, and some ill-fitting parts. James O’Brien Ashland’s core business was in refining with other operations in motor oil, known as Valvoline; paving and construction materials; chemical distribution; and chemicals, including foundry chemicals, adhesives, water treatment and unsaturated polyester resins. By 2002, the company’s longtime core refining business was a run as a joint venture with Marathon Oil. Ashland held only 38% of...
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