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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millennium chemicals inc. and nova chemicals corp. - All News and Analysis
CW75 stock performance.(Illustration)
- 2004-09-15
The CW75 Index improved by about 1% for the week ending September 8, in line with broader market indexes, including the Morgan Stanley global composite and Standard & Poor's 500. Chemical shares have been supported by stronger demand, improving margins, and lower feedstock costs in recent...
CW75 stock performance.(Illustration)
- 2004-09-08
The CW75 improved by about 1% for the week ending September 1, in line with the Morgan Stanley global composite index, and slightly above the Standard & Poor's 500 index, which was flat. Basic chemical shares rose 2.5%, while diversified and specialty chemical stocks were flat....
CW75 stock performance.
- 2004-07-21
The CW75 fell 1.8% for the week ended June 21, lagging the Morgan Stanley global composite and Standard & Poor's 500 indexes, which slipped 1.4% and 1.6%, respectively. Basic chemical stocks were up 3.1%, however, due to a strong start to the earnings season. Diversified chemical...
CW75 stock performance.(Illustration)
- 2004-07-14
The CW75 Index tell 2.4% for the week ending July 7, lagging broader market indexes including the Morgan Stanley global composite and Standard & Poor's 500 indexes, which fell 1.3% and 1.9%, respectively. Specialty chemical stocks were the hardest hit, falling 2.5%. Diversifieds fell 1.8%, but...
Rising costs hit earnings: basics firms post the strongest first-quarter results. (CW 300).(Industry Overview)
- 2003-07-02
First-quarter earnings were mixed for chemical makers in the CW 300, mostly as a result of rising raw material costs. Basic chemical firms had the best showing, as they aggressively raised pricing higher to counter a surge in feedstock costs, analysts say. Basic chemical firms including...
CW75 stock performance.(Illustration)
- 2003-03-19
The CW75 slipped 1% last week, approaching its 52-week low of 85.77 reached on October 9, amid concerns about rising costs, and investor jitters across all regions. The CW75 faired better than the Morgan Stanley world composite and Standard & Poor's 500 indexes, however; they fell...
CW75 stock performance.(Illustration)
- 2003-02-12
Chemical stocks in the CW75 continued to fall last week, as more companies reported poor fourth-quarter results, and warned on full-year 2003 earnings because of rising raw material costs and weak pricing. The CW75 index fell about 1.6%, lagging the Morgan Stanley Composite Index, which slipped...
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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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