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Home > Company Index > Chemicals > Specialty Chemicals > Methanex Corporation
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Methanex Corporation |
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NEWS FROM THE WIRES |
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Nova wants higher return on Methanex stake Aug 08 2001 09:32 AM PDT
> More WIRE STORIES about this company
PROFILE |
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From silicones to Spandex, Methanex sneaks into everybody's life. The company is the world's #1 producer and marketer of methanol -- its only product -- with about 25% of the market. Methanol, made from natural gas, is used in the production of methyl tertiary butyl ether (MTBE), acetic acid, formaldehyde, and other chemicals. These chemicals are found in products like adhesives, paints, foams, plastic bottles, polyester, solvents, and windshield washer fluid. Methanol is also used directly as a fuel, and its MTBE derivative is used as an additive to make gasoline burn more cleanly. The US Environmental Protection Agency is calling for a reduction in the use of MTBE. NOVA Chemicals controls almost 30% of Methanex.
COMPETITION |
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Borden Chemicals and Plastics Limited Partnership (BCPUQ)
Celanese AG (CZ)
Millennium Chemicals Inc. (MCH)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 1,061.30
1-Yr. Sales Growth: 52.7%
Employees: 846
Revenue per employee: $1,254,491.73
KEY PEOPLE |
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Pierre Choquette
CEO
Allan S. Cole
CFO
CONTACT INFO |
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1800 Waterfront Centre, 200 Burrard St.
Vancouver British Columbia V6C 3M1, Canada
Phone: 1-604-661-2600
Fax: 1-604-661-2676
Online: Web Site
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
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