Asian Chemical Connections
The ICIS Company of the Year for 2012 is Canada-based NOVA Chemicals, a firm that, rescued from near bankruptcy in 2009, has been restored as a growing and profitable olefins and polymers producer.
Nova's Corunna, Canada plant
NOVA's sales in 2011 grew by 14.5%, but those gains were turned into operating profits growth of 69% and the company's net profit more than doubled. Profit margins to sales and assets improved markedly while debt was paid down.
INSIGHT: Exploring opportunities a must for chems industry survival
'Might greater benzene production represent an opportunity for the European petrochemicals business in general?'
VIDEO: ICIS Special Report - C3 value chain, early autumn