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Nature of Operations
 12 Months Ended
Dec. 31, 2012
Nature of Operations [Abstract]  
Nature of Operations

Note 1.    Nature of Operations

 

Innospec develops, manufactures, blends, markets and supplies fuel additives, personal care and fragrance products and other specialty chemicals. Our products are sold primarily to oil refineries, personal care and fragrance companies, and other chemical and industrial companies throughout the world. Our fuel additives help improve fuel efficiency, boost engine performance and reduce harmful emissions. Our other specialty chemicals provide effective technology-based solutions for our customers’ processes or products focused in the Personal Care; Polymers; and Fragrance Ingredients markets. Principal product lines and reportable segments are Fuel Specialties, Performance Chemicals and Octane Additives.

 

See Note 3 for financial information on the Company’s reportable segments.

 

Following a review of internally developed software and other costs capitalized in 2011, a reclassification of $1.6 million has been made in the fourth quarter of 2012, from internally developed software and other costs to property, plant and equipment, for costs related to the development of new information technology infrastructure. Prior year comparatives have not been conformed to current year classifications.