In a bid to withstand the economic meltdown, Canada's ethylene, polyethylene and styrene maker Nova Chemicals plans to cut capital spending for the rest of this year and through 2009.
The company exxpects 2008 expenditures to total US$160 mln from its initial range USUS$200-225 mln.
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Wednesday, December 03, 2008
To withstand the economic meltdown, Nova Chemicals reduces spending
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