HOUSTON, Jan. 22, 2019 /PRNewswire/ -- LyondellBasell
(NYSE: LYB), one of the largest plastics, chemicals and refining
companies in the world, today announced it has been named to
Fortune Magazine's 2019 list of the "World's Most Admired
Companies." This marks the second year that LyondellBasell has made
the list.
"This honor is a direct result of our employees' commitment to
operating with excellence and their relentless focus on capturing
opportunity and delivering value for our stakeholders," said
Bob Patel, CEO of LyondellBasell.
"As we begin 2019, we remain committed to providing high quality
products and services to our customers, while advancing important
initiatives like the newly formed Alliance to End Plastic Waste and
the commissioning of the world's first Hyperzone PE
plant."
According to Korn Ferry, who administers the survey for
Fortune Magazine, the "World's Most Admired Companies" study
surveys top executives and directors from eligible companies, along
with financial analysts, to identify the organizations that enjoy
the strongest reputations within their own industries and across
industries. Survey respondents are asked to evaluate companies in
the categories of:
- Ability to attract and retain talented people
- Quality of management
- Social responsibility to the community and the environment
- Innovativeness
- Quality of products or services
- Wise use of corporate assets
- Financial soundness
- Long-term investment value
- Effectiveness in doing business globally
In 2018, LyondellBasell:
- Improved on its industry-leading safety record;
- acquired A. Schulman Inc., doubling its compounding business,
opening new end markets and creating a platform for future
growth;
- broke ground on the world's largest Propylene Oxide/Tertiary
Butyl Alcohol plant in Texas, and
advanced the construction of the world's first
Hyperzone Polyethylene (PE) plant in Texas;
- advanced sustainability and the circular economy through a
first-ever plastics recycling partnership between a waste
management company (Suez) and plastics producer (LyondellBasell);
and,
- played a leadership role in founding the global, cross-value
chain Alliance to End Plastic Waste.
More information on Fortune's "World's Most Admired Companies"
list can be found here.
About LyondellBasell
LyondellBasell (NYSE: LYB)
is one of the largest plastics, chemicals and refining companies in
the world. Driven by its employees around the globe, LyondellBasell
produces materials and products that are key to advancing solutions
to modern challenges like enhancing food safety through lightweight
and flexible packaging, protecting the purity of water supplies
through stronger and more versatile pipes, improving the safety,
comfort and fuel efficiency of many of the cars and trucks on the
road, and ensuring the safe and effective functionality in
electronics and appliances. LyondellBasell sells products into more
than 100 countries and is the world's largest producer of
polypropylene compounds and the largest licensor of polyolefin
technologies. In 2019, LyondellBasell was named to Fortune
magazine's list of the "World's Most Admired Companies." More
information about LyondellBasell can be found
at www.LyondellBasell.com
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SOURCE LyondellBasell