| | Business Summary | | NOVA
Chemicals
Corporation
is
a
petrochemicals
company
in
Canada
that
is
primarily
engaged
in
the
production
and
marketing
of
petrochemicals.
NOVA
Chemicals
operates
in
two
commodity
chemical
businesses,
olefins/polyolefins
and
styrenics.
The
olefins/polyolefins
business
produces
ethylene,
polyethylene
and
a
variety
of
chemical
and
energy
products
(commonly
known
as
co-products).
The
styrenics
business
produces
styrene
and
styrenic
polymers.
NOVA
Chemicals
operates
major
olefins/polyolefins
production
facilities
near
Joffre,
Alberta,
and
Sarnia,
Ontario.
It
has
major
styrene
plants
located
near
Bayport,
Texas
and
Sarnia,
Ontario
and
polystyrene
manufacturing
facilities
at
various
sites
in
the
United
States,
Canada,
the
United
Kingdom,
the
Netherlands
and
France.
NOVA
Chemicals
also
owns
approximately
27%
of
Methanex
Corporation,
a
producer
and
marketer
of
methanol. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | NOVA
Chemicals
Corp.
is
a
Canadian
chemicals
company
engaged
in
two
commodity
chemical
businesses:
the
olefins/polyolefins
business
and
the
styrenics
business.
For
the
six
months
ended
6/30/01,
revenues
fell
6%
to
$1.8
billion.
Net
income
according
to
U.S.
GAAP
appl.
to
Comm.
decreased
71%
to
$47
million.
Revenues
reflect
a
decrease
in
demand
for
styrene
and
ploystyrene.
Earnings
also
reflect
increased
natural
gas
liquid
feedstock
costs. | | More
from
Market Guide: Significant
Developments |
| | |
| Position | | J.E. Newall | Chairman | | Jeffrey Marc Lipton | Pres,
CEO | | Wayne Edwin Lunt | Sr.
VP and CFO | | Albert Terence Poole | Exec.
VP, Fin. and Strategy | | John Law Wheeler | Sr.
VP and CIO |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/n/ncx.gif)