Empresas y finanzas

INEOS NOVA Announces Montreal Polystyrene Production to Shut Down

10/10/2007 - 16:45
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    INEOS NOVA announced today that it plans to shut down its
    Montreal, PQ polystyrene production by the end of 2007. The site has
    annual production capacity of 120 million pounds (55 kilotons) of
    polystyrene.

    Kevin McQuade, INEOS NOVA's CEO said, "Shutting down the Montreal
    site will remove high-cost capacity and enable us to consolidate
    production at our most efficient manufacturing sites." McQuade went on
    to say, "We are committed to providing our customers with an effective
    transition during the coming months."

    The shutdown will remove approximately 6% of INEOS NOVA's North
    American polystyrene production capacity. This action represents the
    first step toward achieving the estimated $50 million annual North
    American synergies target for INEOS NOVA.

    INEOS NOVA is committed to being recognized as the global leader
    in styrenics. Our employees manufacture and market styrene and
    styrenic polymers with a dedicated focus on health, safety, security
    and environmental stewardship. INEOS NOVA is a joint venture of INEOS
    and NOVA Chemicals.

    Visit us on the Internet at www.ineos-nova.com.

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