04 March 2010 09:21 [Source: ICIS news]
LONDON (ICIS news)--INEOS is considering moving its headquarters from the ?xml:namespace>
The company was looking for approval from its lenders for the move and was conducting an internal review of the proposal.
INEOS said it was trading in line with its business plan and that its financial performance was expected to improve.
The company's expectations of improved performance and changes to the
INEOS CEO Tom Crotty said: “Many leading chemical companies have European or global operations resident in
“We remain committed to the
INEOS reached agreement with its principle lenders in July last year on €7.3bn of its debt and has been looking at various means to lower the cost of business in the teeth of the economic downturn.
The agreement included a reset of the leverage, interest cover and debt service cover covenant levels, and increased lender remuneration.
INEOS said that its day-to-day operations in the
The company has 3,700 permanent staff in the
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