Innospec announces series of investments for Performance Chemicals business
Innospec Inc. has announced a series of investments designed to further expand its capabilities in research, development and technical service for its Performance Chemicals business.
“Back in the fourth quarter of 2018, we announced that we were consolidating our European facilities which would result in the closure of our Everberg site. We have since been investing substantially in our centers of excellence – both in terms of enhanced facilities and the addition of high quality people. We are investing in three key sites. In both Salisbury, North Carolina and Ellesmere Port, UK, we are constructing entirely new laboratories and recruiting additional staff focused on customers in the personal care, agrochemicals, construction and metal extraction industries. In Castiglione, Italy, we are expanding our existing laboratory and recruiting further staff to ensure that we deliver the pipeline of new technologies that meet the needs of our home care customers. The facilities will come on-stream at various points over the next nine months,” said Bruce McDonald,pPresident of Innospec’s Performance Chemicals Business.
Patrick S. Williams, president and CEO of Innospec, added: “As a technology company, it is vital that we continue to innovate and deliver the products that underpin our customers’ growth of new consumer brands. To do this, we need to continue to invest in both people and facilities at our technology centers of excellence. I’m delighted to see the development of these locations, which further emphasizes our commitment to our customers in these key industries.”
Innospec’s Performance Chemicals business creates innovative technology-based solutions for the Personal Care, Home Care, Agrochemical, Mining and Industrial markets.