Nova Chemicals Corp., Pittsburgh, has sold its Zyntar flame-retardant PS and certain other PS compounds to PMC Group’s Polymer Products Div. in Stockertown, Pa.
Nova Chemicals Corp., Pittsburgh, has sold its Zyntar flame-retardant PS and certain other PS compounds to PMC Group’s Polymer Products Div. in Stockertown, Pa. PMC’s Polymer Products, a maker of FR masterbatches, last year also bought BASF’s Avantra line of FR HIPS. After nearly $800 million in losses since 2001, Nova moved its solid PS and styrene monomer production assets in June into a new subsidiary called Styrenix. Nova is reportedly looking to sell the business, place it in a joint venture, or sell its stock to the public. In June, Nova also closed its 300-million-lb/yr PS plant in Chesapeake, Va. Nova retains its polyethylene, EPS, and engineered styrenics.