Fairport Harbor Plant parent LyondellBasell named one of the World’s Most Admired Companies
January 23, 2018
FAIRPORT HARBOR, OH.- Jan. 23, 2018 -- LyondellBasell (NYSE: LYB), the operator of the Fairport Harbor Plant in Fairport Harbor OH, 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.
“Many people do not realize we produce the plastic resin in wire and cabling,” said Antero Ortega Velazco, the manager of LyondellBasell’s Fairport Harbor Plant. “Although this is a honor for our corporation, our 40 employees that work safely and efficiently to provide this plastic resin locally take pride too in this humbling recognition.”
LyondellBasell CEO Bob Patel noted, “This recognition can be 100 percent attributed to our teams in Fairport Harbor, 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 Fairport Harbor
LyondellBasell’s Fairport Harbor Plant produces wire and cable insulating resins. Products from this site are used by customers to insulate copper and fiber optic wiring for the automotive and appliance industries. These products add value to our society by making the electrical systems in our cars and home appliances safer and more durable. The site encompasses approximately four acres within the Village of Fairport Harbor.
About LyondellBasell
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 to Fortune magazine’s list of the “World’s Most Admired Companies.” More information about LyondellBasell can be found at www.lyondellbasell.com.
Media Contact: Megan Borchers O: 815-942-7474 C. 815-210-1980 megan.borchers@lyb.com