PRESS RELEASE, LyondellBasell
MANSFIELD, Texas – March 6, 2018 — LyondellBasell (NYSE: LYB), the operator of the Mansfield Plant, has been named to Fortune Magazine’s list of the “World’s Most Admired Companies” for 2018. This is a first-time achievement for LyondellBasell, one of the world’s largest plastics, chemicals and refining companies.
“You don’t need to look any further than the employees here in Mansfield to know what makes our company great,” said James Meas, site manager of LyondellBasell’s Mansfield Plant. “Every day, our team works hard to safely and reliably produce the products and materials that are advancing solutions for some of the world’s biggest challenges.”
LyondellBasell CEO Bob Patel noted, “This recognition can be 100 percent attributed to our teams in Mansfield, and around the world who are setting the benchmark for excellence in the chemical industry every single day. They are humble, hungry and focused on delivering on the promise of being the best operated, most valued company in our industry.”
The list, which is voted on by industry peers, including executives, directors and financial analysts, sought feedback on the company’s performance in nine key areas – the ability to attract and retain talent, the quality of management, social responsibility, innovation, quality of products and services, use of corporate assets, financial soundness, long-term investment value and global competitiveness.
About LyondellBasell’s Mansfield Plant
LyondellBasell’s Mansfield Plant, covering approximately 40 acres and employing 90 people, is located 15 miles from Fort Worth and produces compounds of polypropylene known as thermoplastic polyolefins (TPO). These TPO compounds are produced in the form of pellets and are used to manufacture parts for the automobile industry, such as bumper covers, body side moldings, grilles and various interior parts such as dashboards, consoles and air-bag covers.
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its 13,000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world’s largest licensor of polyolefin technologies. In 2018, LyondellBasell was named one of the “World’s Most Admired Companies” by Fortune Magazine. More information about LyondellBasell can be found at www.lyondellbasell.com.