Friday, November 02, 2007

Chemical Plants and Used Cars

Ineos is now the third largest chemical company in the world, although it's all been via acquisition instead of "organic" growth. Plastics News (subscription required) had their cover story last week (10/29)on the CEO, Jim Racliffe. Besides the usual filler, he made an unusual comment on chemical plants around the worlds: "Purchasing a German plant is like buying a second-hand Mercedes that has been really cherished by it's owner...Buying a plant in the U.K. can be like buying a second-hand Rover, while an Italian one can be like a second-hand Fiat and a French one can be quirky like an old Renault." No mention of American plants.

It's refreshing to see the emphasis on maintenance.

1 comment:

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