Innospec Inc. announced that it has concluded the registration of its new wholly-owned enterprise in China.
Innospec Chemical (Beijing) Co. Ltd. was formally registered in July, and will begin full operation on October 1, 2017, replacing Innospec’s previous representative office.
“This is the next step in gradually extending Innospec’s global footprint as the demand for specialty chemicals continues to develop, particularly in China. We will be able to trade and manage inventory locally. This will enable us to grow our business in this expanding and thriving market,” said Patrick S. Williams, president and chief executive officer.
“We are delighted that we will be able to improve our service to customers across all of our businesses in China for Fuel Specialties, Performance Chemicals and Oilfield Services. We look forward to working with our customers to create profitable solutions for the long-term growth of their business,” Sean Pang, regional director for Innospec in Asia Pacific.
Innospec Inc. is an international specialty chemicals company with approximately 1800 employees in 23 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The Fuel Specialties business specialises in manufacturing and supplying fuel additives that improve fuel efficiency, boost engine performance and reduce harmful emissions. Oilfield Services provides specialty chemicals to all elements of the oil & gas exploration and production industry. The Performance Chemicals business creates innovative technology-based solutions for our customers in the Personal Care, Home Care, Agrochemical, Mining and Industrial markets. Octane Additives produces octane improvers to enhance gasoline.