Nova Chemicals | Company Information from ICIS

29 January 2010 15:41  [Source: Company Report]

Nova Chemicals is a focused commodity chemical company, producing styrenics and olefins/polyolefins in the US, Canada, France, the Netherlands and the UK. Nova Chemicals is divided into two business units and one major joint venture: Olefins/Polyolefins, Performance Styrenics and INEOS Nova.

 

On 3 July 2009, Nova Chemicals said that all regulatory approvals required to complete the acquisition of Nova Chemicals by International Petroleum Investment Company (IPIC) had been received.

 

Nova has followed a five-point strategy: to focus on plastics and chemicals; be the low-cost provider; invest only for high returns; build upon and add to its competitive advantage; and be an industry consolidator.

 

Nova says it is putting more and more emphasis on product and business differentiation in its operations, R&D and capital expenditure plans within its two core product chains. It believes its performance products and new business developments have the potential to generate significant earnings.

 

Nova Chemicals with headquarters in Calgary, Alberta, Canada, had revenues of $7.4bn in 2008.

 

ICIS Chemical Business magazine has unveiled the ICIS Top 100 Chemical Companies, with rankings based on 2008 sales.

 

A PDF of the ICIS Top 100 Chemical Companies is available for download on ICIS connect.

 

See the article and analysis of the ICIS Top 100 on ICIS news.

 

Key Personnel

 

Board members

 

Chairman: Gerhard Roiss

Vice chairman: Mohamed Al Mehairi

Board member: David Davies

Board member: Georg Thoma

Board member: Philip Brown

Board member: Mark Garrett

Board member: Randy Woelfel

 

Senior Leadership

 

Chief executive officer: Randy Woelfel

Chief financial officer: Todd Karran
Vice president and general counsel: William Mitchell
Chief human resources officer: Marilyn Horner

 

(Updated January 2010)

 

Please see ICIS presents the Top 40 Power Players on ICIS Chemical Business or alternatively download the ICIS Top 40 chemical industry power players 2009 complete listing on ICIS Connect.

 

Contacts

 

Nova Chemicals Corporation
645 Seventh Avenue SW
PO Box 2518, Station M
Calgary, Alberta
Canada T2P 5C6

 

Tel: +1 403 750 3600
Fax: +1 403 269 7410

 

www.novachem.com 

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