Awards spotlight chemical industry winners’ use of information, analytics and expertise
ENGLEWOOD, Colo. (March 26, 2015) – IHS Inc. (NYSE: IHS), the leading global source of critical information and insight, today announced that two companies were honored with IHS SPECTRUM Excellence Awards at the 2015 World Petrochemical Conference in Galveston, TX.
This prestigious award program celebrates organizations and individuals who leverage advanced information, analytics and expertise to make better decisions and achieve their business goals. The two most recent winners – Braskem Idesa S.A.P.I. and Toray Industries (America), Inc. – received their awards during an onstage celebration in front of more than 1,000 attendees.
“For years, chemical companies have been innovators in the use of best-in-class information and insight to address critical challenges at every level of the organization, from high-level strategy to daily operations,” said KC Chartrand, chair of the IHS SPECTRUM Excellence Award Committee. “Today we’re delighted to be here at the petrochemical industry’s premier event to recognize the success of two world-class organizations and to show how they are gaining competitive advantages through informed de cision-making.”
The 2015 World Petrochemical Conference brought together senior chemical industry professionals from more than 40 countries. The stories of the two new IHS SPECTRUM Excellence Award winners clearly reflected the industry’s international scope:
- Braskem Idesa is a joint venture of Braskem (headquartered in Brazil), the largest thermoplastic resins producer in the Americas, and Idesa, one of Mexico’s leading petrochemical groups. To launch its landmark Etileno XXI project, Braskem Idesa secured a total investment of $4.5B – the largest petrochemical investment in Mexico in 30 years – to build the largest petrochemical facility in the Americas, capable of producing more than 1 million tons of ethylene and polyethylene annually. This historic project was enabled by the company’s development of a solid market strategy that anticipated global market changes while securing competitive and adequate feedstock supply.
Left to right:
Cleantho de Paiva Leite Filho, Director of Business Development, Braskem Idesa Roberto Bischoff, Chief Executive Officer (CEO), Braskem Idesa
José Luis Uriegas, Director General CEO, Idesa Petroquimica
- Toray Industries America is the U.S. subsidiary and regional corporate planning center of Toray Group, the global industry leader – with headquarters in Japan and operations in 25 countries – that pioneered development of advanced materials that have transformed modern society. Toray Industries America developed a strategic roadmap to meet its own aggressive growth target for North American markets by 2020. The company compiled a list of more than 400 market opportunities before selecting five top priorities and developing action plans to accelerate entry and increase traction in new markets. As a result, the project team received approval for all five plans from Toray Group’s CEO.
Left to right:
Accepting on behalf of Kazuo Morimoto, Chief Executive Representative for the Americas is John Eustis, Senior Director, Engineering, Procurement & Logistics
Junichi Masuda, Director, Toray Industries (America), Inc.
To read the full case studies for these two new award winners, as well as dozens of other industry leaders that have been honoredin the past, visit www.IHS.com/SPECTRUM-Awards.
“We would like to thank our two new IHS SPECTRUM Excellence Award winners for sharing their stories at the World Petrochemical Conference,” Chartrand said. “Braskem Idesa and Toray Industries America have further demonstrated their industry leadership by allowing others to benefit from their successes and lessons learned.”
The IHS SPECTRUM Excellence Awards are part of the IHS customer recognition program. For more information, please contact IHS- SPECTRUM-Excellence-Awards@ihs.com.
About IHS (www.ihs.com)
IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today’s business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs more than 8,800 people in 32 countries around the world.
IHS Media Relations