Nova Chemicals reopens Corunna, Ont., plant
Nova Chemicals Corporation's Corunna, Ont., manufacturing facility has returned to normal operations and production...
July 6, 2006 by Canadian Plastics
Nova Chemicals Corporation’s Corunna, Ont., manufacturing facility has returned to normal operations and production rates following a temporary shutdown that was annouced on June 21, 2006.
The interruption was the result of the accidental activation of a process shutdown switch, apparently caused by a contractor employee installing structural steel platforms. The facility sustained minor damage during the incident.
The production interruption and associated loss of sales is expected to reduce Nova Chemical’s second-quarter net income by approximately U.S. $8 million, with an additional third-quarter impact of up to U.S. $3 million.
Nova Chemicals, headquartered in Pittsburgh, Penn., manufactures polymers and other commodity plastics chemicals.