BNET Industries
Last Fiscal Year Sales:$1.5B
- Private
- US
Dow Jones Description
Millennium Inorganic Chemicals ("MIC") (www.millenniumchem.com) is a wholly-owned subsidiary of Cristal. "TASNEE," a Saudi major diversified company with chemicals and petrochemicals operations, owns 66 percent of Cristal, while 33 percent of Cristal is owned by Gulf Investment Corporation ("GIC"), an investment house established in Kuwait by the GCC countries.
Senior Vice President
Peter HanikNumber of Employees 749
Peer Companies
NAICS Code Support Activities for Coal Mining: 213113
News & Analysis
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lyondell petrochemical co. and millennium chemicals inc. - All News and Analysis
UNITING THREE FIRMS HUGE TASK FOR EQUISTAR.
- 1998-10-28
HOUSTON -- Equistar Chemicals LP celebrated its first birthday last month, but executives at the Houston-based petrochemicals giant may have been too busy to enjoy a slice of birthday cake. There's been a lot to do in merging the polyolefin and olefin holdings of...
Equistar poised to slash costs and optimize. (olefins joint venture of Millennium Chemicals and Lyondell Petrochemical Co.)(Plastics & Coatings)
- 1997-12-01
Lyondell and Millennium will link crackers and shift PE in big merger. MILLENNIUM CHEMICALS Inc. and Lyondell Petrochemical Company are launching their new Equistar olefins venture today with a commitment to aggressively optimize the two partners' strengths. ...
Lyondell Petrochemical Co. forms joint venture with Millenium Chemicals Inc.
- 1997-09-01
A definitive agreement to form a new venture has been signed by Lyondell Petrochemical Co., Houston, TX and Millennium Chemicals Inc., Iselin, NJ. The new company, with expected revenues of approximately $5 billion, will be comprised primarily of the olefins and polymers businesses of the two...
New big-gun olefins partnership may set the stage for similar moves.(Millenium Chemicals and Lyondell Petrochemical)
- 1997-08-04
THE OLEFINS INDUSTRY received a jolt last week when Lyondell Petrochemical Company and Millennium Chemicals Inc. agreed to link their polymers and olefins businesses in a $5 billion joint venture. The new company will be the largest North American producer of ...
Millenium and Lyondell join olefins business; merger creates largest North American ethylene and polyethylene producer.(Millenium Chemicals Inc., Lyondell Petrochemical Co.)
- 1997-08-04
Merger creates largest North American ethylene and polyethylene producer. MILLENNIUM CHEMICALS INC. and Lyondell Petrochemical Company last week announced a merger of the two companies' olefins and polyolefins businesses. The move will widen Millennium's lead in the North American polyethylene business...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Peter Hanik | Senior Vice President |
| Amy N Drusano | Manager, Communications |
| Jack Lushefski |
Extensive management background in many disciplines including general management, research & development, manufacturing, information technology, e-business, quality, and health-safety-environmental. Strong and effective leader able to establish vision and strategy and build consensus across functions to achieve the organization's goals, as well as developing new products, negotiating and managing licenses, joint ventures, and all intellectual property matters. Mr. Hanik most recently was Senior Vice President of Ideation International, has held positions of Senior Vice President Technology, Millennium Chemicals; President and CEO, Millennium Petrochemicals; Vice President Chemicals & Supply Chain, Quantum Chemical; Vice President Reengineering and Information Systems, Quantum Chemical. Mr. Hanik holds a B.S. in Chemical Engineering from Illinois Institute of Technology and an MBA from the University of Chicago.
| Organization | Position | Status |
|---|---|---|
| Millennium Chemicals | Senior Vice President | Current |
| Pretium | Managing Director | Current |
| Outcompete | Managing Partner, Pretium Consulting Services, Llc | Current |
| Information Systems Inc | CEO | Former |
| Information Systems Inc | President | Former |
| Ideation International, Inc. | Senior Vice President | Former |
| Millennium Chemicals | Regional Sales Manager | Former |
| University of Chicago | MBA | Former |
| Illinois Institute of Technology | B.S. In Chemical Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Millennium Chemicals | Manager, Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Millennium Chemicals | Current | |
| The Pennsylvania State University | B.S. Degree | Former |
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