In a bid to give an insight into company's operations worldwide, world's third biggest chemical group INEOS recently hosted a visit by over 80 institutional investors to its site in Köln, Germany. The group's local and regional management teams presented its business activities, operations, markets and competitive environment to add clarity amid the provisional volatility faced by the chemical industry. The visit gave insight into the company's portfolio of operations worldwide and at the Köln facility. As per the press release, the briefings highlighted the diversified portfolio of end-products which is helping INEOS to face the current difficult trading conditions as the global demand witnesses a decline. No new material financial information was disclosed at these presentations. A further site briefing in the UK is planned for March 2009.
David Thompson, Head of Investor Relations, commented: "The chemicals industry is clearly going through a period of significant short term uncertainty. However, the effect that this uncertainty has on individual companies depends heavily on the markets they serve. It is natural that investors are concerned by the sector but need to recognise INEOS' ongoing approach to cost reduction, its diversified products and top quartile technology put us in a better position than many companies in our sector. These brieifings visits are about differentiating INEOS as an investment proposition, explaining how we have ensured that all our businesses have been prepared for bottom of the cycle conditions and how our broad portfolio approach provides resilience in difficult markets."