INNOSPEC MAKES INVESTMENTS IN PERFORMANCE CHEMICALS BUSINESS

Innospec Inc. announced a series of investments designed to further expand its capabilities in research, development and technical service for its Performance Chemicals business. Bruce McDonald, President of Innospec’s Performance Chemicals Business, said, “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.”