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NOVA Chemicals calls for end to CN rail strike

17
Feb '07
NOVA Chemicals Corporation called for Canadian government intervention to end the Canadian National Railway strike that is slowing the transportation of goods to and from its Canadian manufacturing facilities.

Rail service is essential to the Canadian economy and the strike is beginning to impact our customers and our business, said Chris Pappas, Chief Operating Officer of NOVA Chemicals. Since the two parties appear to be at an impasse, we believe it is time for the government to intervene on behalf of Canadian business.

NOVA Chemicals is implementing the contingency plans it developed in preparation for the strike to meet customer demand. The company has reduced production at some of its Canadian manufacturing facilities as a precaution. If the strike is protracted and the company is required to substantially reduce production, the financial impact on NOVA Chemicals could be significant.

NOVA Chemicals produces plastics and chemicals that are essential to everyday life. Our employees develop and manufacture materials for customers worldwide that produce consumer, industrial and packaging products.

NOVA Chemicals works with a commitment to Responsible Care to ensure effective health, safety, security and environmental stewardship. Company shares are traded on the Toronto and New York stock exchanges as NCX.

NOVA Chemicals Corporation, USA


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