Performance Chemicals better reflects what the business segment does
Innospec has announced that it has changed the name of its Active Chemicals business segment to Performance Chemicals.
“We realised 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. Active Chemicals has a specific meaning in several of our industry sectors and we have therefore decided to make this change to make the purpose of our products clearer to the customers we serve,” explained Innospec president and ceo Patrick Williams.
He added that the change would not change the structure of the company or the way in which it served customers.
“It is no more than an appropriate change of name for this business segment,” he said.