1 June 2017
DETAILS
Innospec Inc. (NASDAQ: IOSP)
today announced that it has approved
a significant investment
in its Performance Chemicals business
to increase capacity at the surfactant production facility
in Saint Mihiel, France.
This strategic investment will focus on increasing
Innospec’s production of dried anionic surfactants
enabling it to support its customers growth
in these key growing markets.
These technologies are used
in a range of household detergents,
in particular toilet and hard surface cleaners.
Bruce McDonald,
President of Innospec’s Performance Chemicals business
“This is one of the core product families
in our recently acquired surfactants business.
This new investment is consistent with
our strategy of focusing on
specialty surfactant markets and applications.”
William Mounsey,
Regional Sales Director, Europe, Middle East and Africa,
for Home Care, Institutional and Industrial markets
“Adding new capacity is an important step
in meeting our customers needs for these key products,
and continuing to develop
one of our strategic assets at St Mihiel.”
Innospec expects the investment
to deliver beneficial production by the end of the year.
Contacts:
Brian Watt
Innospec Inc.
+44-151-355-3611
Brian.Watt@innospecinc.com
WWW.CHEMWINFO.COM BY KHUN PHICHAI
