PITTSBURGH, September 10 /CNW/ - NOVA Chemicals Corporation (NYSE:NCX)(TSX:NCX) today announced that the U.S. Federal Trade Commission has approved the previously announced INEOS NOVA joint venture. The joint venture is expected to commence operations on October 1, 2007.
NOVA Chemicals will host a conference call and analyst meeting at 10 a.m. EDT, September 19 in New York City, where company President and CEO Jeffrey M. Lipton will describe plans and expectations for the joint venture and the outlook for the styrenics industry. Information on the conference call and webcast of the meeting is available at www.novachemicals.com in the Investor Center under IR Calendar.
NOVA Chemicals produces plastics and chemicals that are essential to everyday life. Our employees develop and manufacture materials for customers worldwide that produce consumer, industrial and packaging products. NOVA Chemicals works with a commitment to Responsible Care(R) to ensure effective health, safety, security and environmental stewardship. Company shares are traded on the Toronto and New York stock exchanges as NCX.
Visit NOVA Chemicals on the Internet at www.novachemicals.com.
Forward-Looking Information
The information in this news release contains forward-looking statements, including the statement that the joint venture with INEOS is expected to commence operations on October 1, 2007. By their nature, forward-looking statements require NOVA Chemicals to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions, forecasts, conclusions and projections will not prove to be accurate, that NOVA Chemicals' assumptions may not be correct and that actual results may differ materially from such predictions, forecasts, conclusions or projections. Some of the risks that could affect NOVA Chemicals' future results and could cause results to differ materially from those expressed in the forward-looking statements include: uncertainties regarding commodity chemicals price levels (which depend, among other things, on supply and demand for these products, capacity utilization and substitution rates between these products and competing products); feedstock availability and prices; operating costs; starting up and operating facilities; the impact of competition; uncertainties associated with the North American, South American, European, and Asian economies and other risks detailed from time-to-time in the publicly filed disclosure documents and securities commissions reports of NOVA Chemicals. NOVA Chemicals' forward-looking statements are expressly qualified in their entirety by this cautionary statement. In addition, the forward-looking statements are made only as of the date of this news release, and except as required by applicable law, NOVA Chemicals undertakes no obligation to publicly update these forward-looking statements to reflect new information, subsequent events or otherwise.
Responsible Care(R) is a registered trademark of the Canadian Chemical Producers Association (CCPA) in Canada and is a registered service mark of the American Chemistry Council (ACC) in the United States.