Ineos Group was created in a 1998 management buyout of part of Inspec’s chemicals division. Through a series of acquisitions it has grown into Britain’s fourth-largest chemicals company and it claims to be the world’s largest producer of air-conditioning fluids. Ineos now has more than 14 plants in 9 countries and is owned by its 2,500 staff and management.
The group’s profits grew 76% a year from £28.9m in 2000 to £156.1m in 2003. It has two sister companies, Ineos Chlor and Ineos Vinyls Group, which owns a majority stake in PVC component maker EVC, a firm quoted on the Amsterdam stock exchange.
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