LyondellBasell Company Description
If it's a plastic world, then you can probably blame LyondellBasell Industries for it. The company is the world's largest producer of polypropylene and Europe's largest maker of polyethylene, the key ingredients that go into plastics of all kinds. LyondellBasell also makes advanced polyolefins and licenses its polymer technology. The company was formed in 2000 from the combination of the polyolefin businesses of Shell and BASF; it then grew exponentially with the 2007 acquisition of Lyondell. The company is owned by private investment firm Access Industries, which is owned by chairman Len Blavatnik. Facing decreased demand and higher raw material costs, its US unit filed for Chapter 11 in early 2009.
View the Comprehensive Company Description for LyondellBasell
The Company Description provides a historical perspective of LyondellBasell's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of LyondellBasell's evolution in the marketplace.
