INEOS is back in Britain
Chemical giant INEOS officially opens its new UK Headquarters.
The new UK headquarters reflects INEOS growth in the UK where it is investing more than $2bn.
INEOS’ owners back as UK tax residents.
INEOS today officially opens its new UK headquarters in Knightsbridge, London. The opening will be marked by a reception and evening of entertainment that includes previews of the chemical giant’s upcoming plans.
The new UK headquarters reflects INEOS growth in the UK where it is investing more than $2bn in a range of projects. The company’s owners are now tax resident in the UK.
INEOS Founder and Chairman Jim Ratcliffe said: “Whilst INEOS is an Anglo-Swiss company, our new base in London reflects our British roots. The future for INEOS is very bright and much of this optimism comes from our UK based operations. We currently supply 1 in 10 British homes with gas, we have a growing trading and shipping business and our chlorvinyls business has doubled in size. We are also planning to extract shale gas in the north of England and to grow the newly revitalised Grangemouth.”
The new office offers a state-of-the-art base for INEOS, supporting its UK operations whilst maintaining its global reach of 17,000 employees worldwide.
The UK headquarters will include offices for senior management, plus the shale exploration, trading and shipping and INOVYN teams. In addition to presentations from these business areas, the opening event will also detail INEOS’ support for the Daily Mile charity and INEOS’ Go Run for Fun Foundation.
INEOS’ move back to the UK also reflects its increased confidence in the UK and the favourable climate for growth and business.
Jim Ratcliffe adds: “We have immense confidence in Britain’s economic future - the current business climate makes siting our new headquarters in the UK an easy decision. INEOS will continue to grow both in the UK and worldwide. Britain is a good location to ensure both of these goals.“
Climate Change and Industry Minister Nick Hurd said, “This government has been clear that Britain is open for business and it is welcome news that INEOS are locating their UK headquarters in London. This decision is another vote of confidence in the British economy and confirms the company’s commitment to further long-term investment and growth in this country.”
ENDS.
Press information:
Richard.Longden@ineos.com tel: +41 (0) 799 626123