|By PR Newswire||
|December 10, 2012 05:01 AM EST||
NEW YORK and LONDON, December 10, 2012 /PRNewswire/ --
ICIS Chemical Business magazine has revealed the ICIS Top 40 Power Players - the leaders changing the face of the global chemical sector through investments, acquisitions, restructurings and innovative ways to do business.
"It's been an eventful 2012 with major shifts in the global chemical landscape taking place, including impacts from the US shale gas boom," said Joseph Chang, Global Editor of ICIS Chemical Business.
"Headed into an uncertain period in 2013 fraught with political and macroeconomic risks amid slowing growth, these leaders face a great challenge in guiding their businesses through the turmoil," he added.
Taking the top spot in 2012 is Andrew N. Liveris, chairman, president and CEO of US-based Dow Chemical. He was also awarded top billing in 2010. The winner in 2011 was LyondellBasell CEO Jim Gallogly.
"Liveris is placing the big bets in the most cost-advantageous feedstock regions in the world - the Middle East and the US. Its US Gulf Coast expansions along with the Sadara joint venture project in Saudi Arabia with Saudi Aramco should position Dow with a low cost base for its higher-margin chemicals and polymers," said Chang.
"The Dow team is aligned and our priorities are clear," said Andrew N. Liveris. "We moved swiftly in 2012 and took action to protect our growth path and continue to be squarely focused on ensuring an aggressive "offense".
"We are capitalizing on the world-class, integrated portfolio we have built, and key catalysts we already have in place to accelerate near-term value growth. Execution of our strategy is top priority and we remain firmly committed to further strengthening our balance sheet, accelerating prioritized growth, and rewarding shareholders," he added.
The Dow CEO has responded decisively to the global economic slowdown with a restructuring plan aimed at delivering $1bn in cost and cash savings by 2013 and $1.75bn on a run-rate basis by 2014.
This will involve the shutdown of 29 plants and the elimination of around 8% of the workforce, as well as reductions in capital expenditures.
But importantly, its key expansions on the US Gulf Coast and Sadara in Saudi Arabia will remain on track.
The centerpiece in the US will be a world-scale 1.5m tonne/year ethane cracker at Freeport, Texas, to start up in 2017.
In the meantime, it is on track to restart its 380,000 tonne/year cracker in St. Charles, Louisiana, by the end of 2012 and building a propane dehydrogenation (PDH) plant with 750,000 tonnes/year of propylene capacity in Freeport for start-up in mid-2015.
Dow is also proceeding with the largest petrochemical project in the modern world - the Sadara joint venture with Aramco. The complex will include a worldscale cracker, along with capacity of 3m tonnes/year of polyurethanes, propylene glycol (PG), butyl glycol ethers, amines, polyethylene (PE), polyolefin elastomers and other products.
The first units are expected to be operational in the second half of 2015, with all units expected to be running by 2016.
Coming in at number two in the ICIS Top 40 Power Players ranking is Tom Crotty, CEO of Switzerland-based INEOS Olefins & Polymers, followed by Axel Heitmann, CEO of Germany's LANXESS.
Download the ICIS Top 40 Power Players on ICIS>> (registration required).
About ICIS Chemical Business:
ICIS Chemical Business is part of ICIS, the world's largest information provider for the chemical and energy industries. ICIS aims to help companies in global commodity markets improve their revenues and profits by providing high quality, timely, commercially useful information, business leads and brand positioning across the globe.
ICIS is the world's largest petrochemical market information provider, and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling them to make better-informed trading and planning decisions.
With a global staff of more than 700, ICIS has people based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. The team covers over 180 commodity markets, and has in-depth knowledge across markets in upstream and downstream.
For media inquiries, contact:
ICIS Chemical Business
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Jul. 29, 2015 02:17 PM EDT
Discussions about cloud computing are evolving into discussions about enterprise IT in general. As enterprises increasingly migrate toward their own unique clouds, new issues such as the use of containers and microservices emerge to keep things interesting. In this Power Panel at 16th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the state of cloud computing today, and what enterprise IT professionals need to know about how the latest topics and trends affect t...
Jul. 29, 2015 02:00 PM EDT Reads: 1,162
"Our biggest growth area has been the security services, the managed services - the things that differentiate us in the market that there is no client that's too small and there's no client that's too big," explained Paul Mazzucco, Chief Security Officer at TierPoint, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 29, 2015 02:00 PM EDT Reads: 329
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Jul. 29, 2015 01:45 PM EDT Reads: 415
Countless business models have spawned from the IaaS industry. Resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. In his General Session at 16th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, broke down what we've got to work with and discuss the benefits and pitfalls to discover how we can best use them to d...
Jul. 29, 2015 01:00 PM EDT Reads: 1,944
Containers are changing the security landscape for software development and deployment. As with any security solutions, security approaches that work for developers, operations personnel and security professionals is a requirement. In his session at DevOps Summit, Kevin Gilpin, CTO and Co-Founder of Conjur, will discuss various security considerations for container-based infrastructure and related DevOps workflows.
Jul. 29, 2015 01:00 PM EDT Reads: 1,054
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Jul. 29, 2015 12:08 PM EDT
"We do data integration for B2B also application to application, and we do data management and enable Big Data," explained Pat Adamiak, Vice President, Product Marketing at Liaison Technologies, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 29, 2015 12:00 PM EDT Reads: 325
The Cloud industry has moved from being more than just being able to provide infrastructure and management services on the Cloud. Enter a new era of Cloud computing where monetization’s services through the Cloud are an essential piece of strategy to feed your organizations bottom-line, your revenue and Profitability. In their session at 16th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed how to easily o...
Jul. 29, 2015 11:00 AM EDT Reads: 355
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Jul. 29, 2015 11:00 AM EDT Reads: 257
"ProfitBricks was founded in 2010 and we are the painless cloud - and we are also the Infrastructure as a Service 2.0 company," noted Achim Weiss, Chief Executive Officer and Co-Founder of ProfitBricks, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 29, 2015 10:15 AM EDT Reads: 1,104
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Jul. 29, 2015 09:00 AM EDT
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
Jul. 29, 2015 07:30 AM EDT Reads: 273
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Jul. 29, 2015 07:00 AM EDT Reads: 178
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
Jul. 29, 2015 06:00 AM EDT Reads: 1,662