Manufacturing Industry
Another JV in works for Nova, Ineos.(Nova Chemicals Corp.)(Ineos Group Ltd.)(Brief article)
Plastics News, March, 2007 by Miel, Rhoda
Byline: Rhoda Miel Nova Chemicals Corp. and Ineos Group will try to build on the success of their European styrenics joint venture with an expanded business in North America that will create a combined firm with more than $3.5 billion in annual sales. The company, which is still unnamed, will become the biggest supplier of styrene and solid polystyrene in North America, and the second-largest player globally for solid polystyrene.
The two firms' existing JV in Europe, Nova Innovene, already is the largest maker of expandable PS in Europe and the second-largest supplier of solid PS there. "[We] believe this larger, stronger JV will quickly build on the success of our recent work with Ineos in Europe,'' said Jeffrey Lipton, president and chief executive...
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