Sunday, February 01, 2009

Nova reports net loss of US$214 mln as resin sales sink to 8 year lows

Afflicted by pathetic resin sales that have sunk to 8 year lows, Canada's largest chemical maker, Nova Chemicals Corp. has reported a net loss of US$214 mln.
Sales have collapsed by 36% to US$1.15 blln, largest dip recorded by the company since Q4-08.

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