Program Management Projects:
Ashland Oil (Now Ashland Inc.)
$10.4 Billion in Sales (1994)
31,600 Employees (1994)
Facilities in 10 states + 17 countries
Ashland Inc., producer of Valvoline, is one of the countries largest independent
petroleum refiners, and the nations top producer of industrial chemicals and plastics.
Additionally, Ashland is involved in the production of coal and natural gas and their
construction division, APAC is the largest highway contractor in the U.S.
Program Management was asked to review Ashland's
headquarters property portfolio in (Eastern Kentucky, 1978) in the context of the
company's shift in market focus -to refining and distribution - plus its proposed
reorganization. Alternate strategies for the disposition and/or relocation of different
business units and key operations (e.g. data center) were considered together with
proposals for new and/or leased facilities. One strategy was selected, the company
announced the sale of its exploration and production units the following month, moved
forward with the construction of a new Ashland Coal building near its headquarters
location, vacated many central Ashland, Kentucky leased buildings and later relocated its
Data Center to a new building in Lexington, Kentucky.
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