Business
INEOS NOVA Joint Venture Approved by Federal Trade Commission
INEOS NOVA Joint Venture Approved by Federal Trade Commission.
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"\n\n\n\nPITTSBURGH, September 10 /CNW/ - NOVA Chemicals Corporation\n(NYSE:NCX)(TSX:NCX) today announced that the U.S. Federal Trade Commission has\napproved the previously announced INEOS NOVA joint venture. The joint venture\nis expected to commence operations on October 1, 2007.\n\n\nNOVA Chemicals will host a conference call and analyst meeting at 10 a.m.\nEDT, September 19 in New York City, where company President and CEO Jeffrey M.\nLipton will describe plans and expectations for the joint venture and the\noutlook for the styrenics industry. Information on the conference call and\nwebcast of the meeting is available at www.novachemicals.com in the Investor\nCenter under IR Calendar.\n\n\nNOVA Chemicals produces plastics and chemicals that are essential to\neveryday life. Our employees develop and manufacture materials for customers\nworldwide that produce consumer, industrial and packaging products. NOVA\nChemicals works with a commitment to Responsible Care(R) to ensure effective\nhealth, safety, security and environmental stewardship. Company shares are\ntraded on the Toronto and New York stock exchanges as NCX.\n\n\nVisit NOVA Chemicals on the Internet at www.novachemicals.com.\n\n\nForward-Looking Information\n\n\nThe information in this news release contains forward-looking statements,\nincluding the statement that the joint venture with INEOS is expected to\ncommence operations on October 1, 2007. By their nature, forward-looking\nstatements require NOVA Chemicals to make assumptions and are subject to\ninherent risks and uncertainties. There is significant risk that predictions,\nforecasts, conclusions and projections will not prove to be accurate, that\nNOVA Chemicals' assumptions may not be correct and that actual results may\ndiffer materially from such predictions, forecasts, conclusions or\nprojections. Some of the risks that could affect NOVA Chemicals' future\nresults and could cause results to differ materially from those expressed in\nthe forward-looking statements include: uncertainties regarding commodity\nchemicals price levels (which depend, among other things, on supply and demand\nfor these products, capacity utilization and substitution rates between these\nproducts and competing products); feedstock availability and prices; operating\ncosts; starting up and operating facilities; the impact of compet...