ENGLEWOOD, Colo., Aug. 19, 2014 (GLOBE NEWSWIRE) -- Innospec Inc. (Nasdaq:IOSP) today announced the release of its 2013 Sustainable Development Report. The report demonstrates the Company's main sustainable development achievements in 2013 and ongoing initiatives that will help Innospec to continue its journey in 2014 and beyond.
Patrick Williams, President and CEO, said, "We are pleased to announce the publication of our fifteenth Sustainable Development Report. In 2013, we celebrated a special anniversary, marking 75 years since our founding. Over time we have completely transformed the business, continually adapting to industry challenges while securing leadership positions in our chosen markets.
"We have become a business that is focused on providing our shareholders with a good return on their investment while remaining committed to the principles of sustainable development. In 2013, we delivered strong business performance and reinforced our ambitious growth strategy by the acquisition of the Bachman Group and the Chemsil Group. We are now concentrated on integrating these companies, and working with them to create the same focus on environmental concern and improvements that have become a culture at Innospec.
"This report demonstrates our continued commitment to sustainability and our key areas of focus, which include the health, safety and development of our workforce and the continued reduction of the environmental footprint of our operations. At the same time, we are also committed to the development of innovative products, the support of our local communities and our high ethical standards," Mr. Williams concluded.
Copies of the report are available on request, or can be downloaded at:
About Innospec Inc.
Innospec Inc. is an international specialty chemicals company with approximately 1100 employees in 20 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The Fuel Specialties business specializes in manufacturing and supplying the fuel additives that help improve fuel efficiency, boost engine performance and reduce harmful emissions. This business also contains Oilfield Specialties which provides specialty chemicals for oil & gas drilling and production operations. Innospec's Performance Chemicals business provides effective technology-based solutions for our customers' processes or products focused in the Personal Care; Polymers; and Fragrance Ingredients markets. Innospec's Octane Additives business is the world's only producer of tetra ethyl lead.