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: China’s apparent PE demand is too good to be true
“China’s PE demand on an apparent basis was up by a staggering a 25% in January-May this year over the same period in 2012.”
VIDEO: ICIS Special Report - Asia methanol, acetic acid