FRIBOURG -- NOVA Innovene announced it will increase prices for both Polystyrene (PS) and Expandable Polystyrene (EPS) by 100 Euro per metric tonne, effective January 1st, 2006.

This increase is being implemented as a result of continued poor margins and expected price increases in feedstock in the beginning of 2006.

"NOVA Innovene has a strong focus on margin improvement. Unacceptable margins over 2005 have made this increase necessary", said Martin Pugh, Managing Director.

Customers interested in learning more about the price increse should contact their local NOVA Innovene country manager.

Headquartered in Fribourg, Switzerland, NOVA Innovene is the European styrenic polymers joint venture between NOVA Chemicals and Innovene. NOVA Innovene employees develop and manufacture market commodity and performance styrenic polymers that are essential to everyday life. We are committed to the Responsible Care principles, to ensure effective health, safety, security and environmental stewardship for employees and communities.

Source: NOVA Innovene

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