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. - All News and Analysis
Fitch Affirms IDRs For Lyondell, Equistar & Millennium; Outlook Revised to Positive
CHICAGO -- Fitch Ratings affirms the ratings for Lyondell Chemical Company Lyondell, Equistar Chemicals L.P. Equistar, Millennium Chemicals Inc. Millennium and Millennium America Inc. following Lyondell's announcement to sell its worldwide inorganic chemicals business for $1.2 billion, including the assumption of certain liabilities directly related to the business. The transaction...
Fitch Places Lyondell and Equistar Ratings on Rating Watch Evolving
CHICAGO -- Fitch Ratings has placed the ratings of Lyondell Chemical Company Lyondell and Equistar Chemicals L.P. Equistar on Rating Watch Evolving following Lyondell's announcement earlier today that the auction process to sell Lyondell Citgo Refinery LP LCR was discontinued. Fitch currently rates Lyondell's and Equistar's debt as follows. ...
Fitch Upgrades Lyondell & Equistar; Affirms Millennium
CHICAGO -- Fitch Ratings has upgraded the following ratings for Lyondell Chemical Company Lyondell and Equistar Chemicals L.P. Equistar: Lyondell --Issuer default rating IDR to 'BB-' from 'B'; --Senior secured credit facility to 'BB+' from 'BB/RR1' (RR1 subsequently withdrawn); --Senior secured notes and debentures to 'BB+'...
Carl Archer from Eckart America passes away.(people in the news)
Carl Archer, a 36 year veteran of the coatings industry and a territory sales manager for Eckart America, has passed away. Archer had previously worked at Millennium Chemicals formerly SCM Chemicals with positions as market manager, regional sales manager and senior sales rep. Prior to SCM...
Fitch Rates Millennium America Inc.'s New Sr. Secured Credit Facility 'BB+'
CHICAGO -- Fitch Ratings has assigned a 'BB+' (R1) to the new US$250 million five-year guaranteed secured bank facility of Millennium America with Millennium Inorganic Chemicals MICL, a co-borrower under the facility. This facility replaces an existing secured credit facility that was due to mature in June 2006 that was...
Fitch Revises Outlook to Positive for Lyondell & Equistar; Affs Lyondell, Equistar & Millennium Rtgs
CHICAGO -- Fitch Ratings has affirmed Lyondell Chemical Company's Lyondell senior secured credit facility rating at 'B+', Lyondell's senior secured notes at 'B+', and Lyondell's senior subordinated notes at 'B-'. Fitch has also affirmed the 'B+' rating on Equistar Chemicals L.P.'s Equistar senior secured credit facility, and the 'B-' rating...
Lyondell completes its purchase.(News about companies ...)(of Millennium Chemicals)(Brief Article)
Lyondell completes its purchase of Millennium Chemicals.
Fitch Initiates Coverage on Millennium Chemicals with 'B+' Rating; Outlook Stable
CHICAGO -- Fitch Ratings has initiated rating coverage on Millennium Chemicals Inc.'s Millennium through the following ratings: -- Convertible senior unsecured debentures 'B+'. Fitch has also assigned initial ratings to Millennium America Inc. as follows: -- Senior unsecured notes 'B+'; -- Senior secured credit facility 'BB-'....
Lyondell Chemical acquisition of Millennium gives it a Beaumont, Texas, plant.
By Dan Wallach, The Beaumont Enterprise, Texas Knight Ridder/Tribune Business News Dec. 3--Lyondell Chemical Co.'s recent acquisition of Millennium Chemicals Inc. also brings a Beaumont chemical plant into the Houston-based Lyondell's corporate portfolio. Beaumont-based PD Glycol, a manufacturer of ethylene...
Millennium Chemicals sold; 500 Maryland workers to stay put
Allaying any fears of job cuts, Lyondell Chemical Co. yesterday finalized its acquisition of Hunt Valley-based Millennium Chemicals Inc. and said there will be no layoffs or changes to the combined company's operations in Maryland. Officials from Lyondell, which is based in Houston, said Millennium's four Maryland...
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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