INEOS NOVA Announces Montreal Polystyrene Production to Shut Down

Kevin McQuade, INEOS NOVA's CEO said, "Shutting down the Montréal site will remove high-cost capacity and enable us to conAsolidate production at our most efficient manufacturing sites." McQuade went on to say, "We are committed to providing our customers with an effective transition during the coming months."

The shutdown will remove approximately 6% of INEOS NOVA's North American polystyrene production capacity. This action represents the first step toward achieving the estimated $50 million annual North American synergies target for INEOS NOVA.

INEOS NOVA is committed to being recognized as the global leader in styrenics. Our employees manufacture and market styrene and styrenic polymers with a dedicated focus on health, safety, security and environmental stewardship. INEOS NOVA is a joint venture of INEOS and NOVA Chemicals.

Source: NOVA

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