Business
NOVA Chemicals Calls for End to CN Rail Strike
NOVA Chemicals Calls for End to CN Rail Strike.
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"\n\n\n\nPITTSBURGH, February 16 /CNW/ - NOVA Chemicals Corporation\n(NYSE:NCX)(TSX:NCX) today called for Canadian government intervention to end\nthe Canadian National Railway strike that is slowing the transportation of\ngoods to and from its Canadian manufacturing facilities.\n\n\n\"Rail service is essential to the Canadian economy and the strike is\nbeginning to impact our customers and our business,\" said Chris Pappas, Chief\nOperating Officer of NOVA Chemicals. \"Since the two parties appear to be at an\nimpasse, we believe it is time for the government to intervene on behalf of\nCanadian business.\"\n\n\nNOVA Chemicals is implementing the contingency plans it developed in\npreparation for the strike to meet customer demand. The company has reduced\nproduction at some of its Canadian manufacturing facilities as a precaution.\nIf the strike is protracted and the company is required to substantially\nreduce production, the financial impact on NOVA Chemicals could be\nsignificant.\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 if the Canadian National Railway strike is\nprotracted and the company is required to substantially reduce production, the\npotential financial impact on NOVA Chemicals could be significant. By their\nnature, forward-looking statements require NOVA Chemicals to make assumptions\nand are subject to inherent risks and uncertainties. There is significant risk\nthat predictions, forecasts, conclusions and projections will not prove to be\naccurate, that NOVA Chemicals' assumptions may not be correct and that actual\nresults may differ 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 material...