Nova Chemicals Posts Fourth-Quarter Profit

Nova Chemicals reported fourth-quarter net income of $77 million, up 22% from the year-ago quarter, on higher margins in the company’s olefins segment. Sales were down 5.8% from the fourth-quarter of 2010.   Operating income in the Nova’s olefins/polyolefins business unit generated $190 million, down 9% from the year-ago period, due to an increase in olefins margins that was more than offset by a decline in margins in the company’s polyethylene segment.   The company’s styrenics business posted operating income of $1 million...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers