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: European oxo-alcohols, plasticizers producers under pressure
Oxo-alcohols and plasticizers pricing agreements remain highly transactional."
PODCAST: Europe MPG market witnessing evolution in Q1