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North American business drives Ineos Ebitda hike

8:23 AM MDT | October 26, 2012

Ineos says that, “based on unaudited management information,” the company’s Ebitda increased 16% in the third quarter of 2012, to €432 million ($563 million), compared with €371 million in the third quarter of 2011. Sales were not included. Comparative information does not include the refining business, which was divested in July 2011, the company says. “Petrochemical markets have continued to be subdued with industry sentiment remaining cautious, particularly in Europe and Asia,” Ineos says. Business in North America, in...

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