INEOS NOVA
FTC approves jv expansion to North America
The US Federal Trade Commission has approved plans by Ineos (Lyndhurst / UK; www.ineos.com) and Nova Chemicals (Calgary, Alberta / Canada; www.novachem.com) to expand their 50:50 joint venture, formerly known as Nova Innovene, to include the partners’ North American styrenics assets – see Plasteurope.com of 27.03.2007. The company that expects to have USD 3.5 bn in annual sales and “a leading position in styrene and solid polystyrene in North America” is to be renamed Ineos Nova (see Plasteurope.com of 12.06.2007) and plans to start operations on 1 October 2007.
18.09.2007 Plasteurope.com [209055]
Published on 18.09.2007
German version of this article...