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Innospec renames business segment to reinforce industry position

04-Oct-2012

Innospec is renaming one of its business segments; the current Active Chemicals business segment, will now be called Performance Chemicals.

"We realized some time ago that this business segment name was confusing for our customers and did not accurately reflect the products manufactured and sold by this business,” explained Patrick Williams, president and CEO.

“Active Chemicals has a specific meaning in several of our industries sectors, and we have therefore decided to make this change to make the purpose of our products clearer to the customers we serve.”

The change is in place now and does not in any way change the structure of the company, or the way in which it serves its customers, according to Williams who states “it is no more than an appropriate change of name for this business segment."

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