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 the dow chemical co. - 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...
Acetyl producers pile on increases.(basic chemicals & plastics)(Brief Article)
- 2004-02-18
BP, Celanese, Dow Chemical and Millennium Chemicals have separately announced vinyl acetate monomer VAM price increases of 4%-5%, sources say. Tight supply and rising feedstock costs prompted the increase. BP, a major merchant VAM supplier, declared force majeure on VAM due to an unplanned outage at...
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.
- 2003-04-02
The CW75 continued its upward climb last week, keeping pace with the overall stock market. Investors were attracted to cyclical sectors, including chemical stocks, because of falling energy costs, analysts say. The CW75 index rose 1%, tracking the Standard & Poor's 500. The Morgan Stanley global...
Acetic acid and derivatives pressured by feedstock costs. (Petrochemicals).
- 2003-03-10
FEEDSTOCK COSTS continue to pressure acetic acid and its derivatives. Skyrocketing natural gas costs have prompted a flurry of price increase announcements as producers try to defend almost nonexistent margins. Most recently, US acetic acid producers Millennium Chemicals, Celanese Chemicals and...
Price adjustments.
- 2002-12-01
PRICE ADJUSTMENTS Company Product Air Products and Di-Methyl-Formamide Chemicals, Inc., DMF Lehigh Valley, Pa. ...
Chem industry debt issuance surges. (News).(Brief Article)(Statistical Data Included)
- 2002-06-24
AS MONEY FLOWS out of stock funds and into the relative safety of bond funds, companies are finding there is pretty decent demand for debt issues. Taking advantage of this trend as well as low interest rates, a slew of chemical industry debt offerings are coming out...
Slow Demand Crimps Profits.(second-quarter results for specialty chemicals industry)(Statistical Data Included)
- 2001-10-03
SECOND-QUARTER 2000 WAS ANOTHER ROUGH ride for most companies in the CW300, following several consecutive quarters of earnings shortfalls. Firms continued to blame lower sales volumes, higher raw material costs, and unfavorable currency exchange rates. The specialty chemical sector was hit hardest: Crompton, Ethyl, GenTek, Great...
Natural Gas Hike Sinks Profits.(chemical companies' earnings for first quarter, 2001)(Statistical Data Included)
- 2001-08-08
MOST COMPANIES IN THE CW 300 DID NOT fare well in first-quarter 2001, continuing a downward slide started during the second half of last year. Firms blamed the drop in earnings on the slowing U.S. economy, rising material costs, and unfavorable exchange rates. Companies that posted...
Polymer sector wraps up a mega-merger filled year.(Industry Overview)
- 1998-01-05
Producers enjoyed good growth, but not good pricing. STRONG GROWTH last year in commodities plastics coupled with major polyolefins deals should have given producers reason to rejoice. But eroding prices for most resins mean companies will continue to chant the mantra of...
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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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