Engineering News

Nova to take charge on polystyrene plant shutdown
Thu Nov 29, 2007 11:20am EST

TORONTO, Nov 29 (Reuters) - Nova Chemicals Corp said on Thursday it will take a $65 million charge in the fourth quarter related to the closure of a polystyrene facility in Belpre, Ohio.

The Ohio-based Ineos Nova plant is a joint venture between Nova Chemicals and Britain's Ineos group.

The shutdown, set for before Jan. 31, 2008, will remove 12 percent of Ineos Nova's North American polystyrene production capacity. The move is intended to remove "high-cost capacity," it said.

Shares of Nova Chemicals were up 16 Canadian cents at C$31.89 on the Toronto Stock Exchange after earlier falling 66 Canadian cents to C$31.07.

($1=$0.99 Canadian)

Source: Reuters

Engineering News Archive

 
// CAREER RESOURCES

Applicant Procedures
Job Seekers
Resume Help
Professional Organizations
Engineering Career Information
Engineering Colleges

// WHAT WE DO
Recruiters for
Professionals in the Chemical
& Pharmaceutical Industries
We recruit exclusively for Engineers and Operations/Maintenance Management Personnel in the following areas:
Specialty chemicals
Bulk chemicals
Commodity Chemicals
Petrochemicals
Fine chemicals
Agrochemicals
Industrial gases
Surfactants
Fertilizers
Solvents
Coatings
Polymers
Pharmaceuticals
Refinery
Career Center | FAQs | Privacy
SESI Corporate Headquarters (954)755-3121 ext 109
© Search Enterprises, Inc. All rights reserved.
Industry News Career Center FAQs Submit a Job About Search Enterprises Submit a Resume Candidates Job Opportunities Search Enterprises Home