Diversified end-products, tight cost control and top quartile technology helps INEOS deal with tough trading conditions
INEOS Group has hosted a visit by over 80 institutional investors to its site in Köln, Germany. Presentations were made by local and regional management teams to bring additional clarity to INEOS’ business activities, operations, markets and its competitive environment. The visit gave insight into the company's portfolio of operations worldwide and at the Köln facility. The briefings highlighted the diversified portfolio of end-products which is helping INEOS to deal with the tough trading conditions currently being experienced by the chemicals sector.
David Thompson, Head of Investor Relations, commented: “The chemicals industry is clearly going through a period of significant short term uncertainty. However, the effect that this uncertainty has on individual companies depends heavily on the markets they serve. It is natural that investors are concerned by the sector but need to recognise INEOS' ongoing approach to cost reduction, its diversified products and top quartile technology put us in a better position than many companies in our sector.
These visits are about differentiating INEOS as an investment proposition, explaining how we have ensured that all our businesses have been prepared for bottom of the cycle conditions and how our broad portfolio approach provides resilience in difficult markets.”
No new material financial information was disclosed at these presentations.
A further site briefing in the UK is planned for March 2009.
For further information contact:
Richard Longden – INEOS - Tel: +44 (0) 2380 287037