Local Business

LyondellBasell named one of World’s Most Admired Companies


MORRIS – LyondellBasell 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.

“Our LyondellBasell Morris Complex is responsible for employing about 580 local workers,” said Tim Carnell, the manager of LyondellBasell’s Morris Complex. “We proudly deliver cutting-edge products that advance the modern world, while contributing as an economic engine to the local community. We are humbled that our local contributions add to this honor.”

“This recognition can be 100 percent attributed to our teams in Morris and around the world who are setting the benchmark for excellence in the chemical industry every single day,” LyondellBasell CEO Bob Patel said. “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.