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Home > Company Index > Chemicals > Specialty Chemicals > Methanex Corporation

Methanex Corporation
Nasdaq: MEOH
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 NEWS FROM THE WIRES
Nova wants higher return on Methanex stake
Aug 08 2001 09:32 AM PDT

More WIRE STORIES about this company

 PROFILE
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
Borden Chemicals and Plastics Limited Partnership (BCPUQ)
Celanese AG (CZ)
Millennium Chemicals Inc. (MCH)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
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
• Pierre Choquette
    CEO
• Allan S. Cole
    CFO

 CONTACT INFO
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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