October 1, 2005. Formal operations of NOVIDESA, S.A. de C.V. started today. As previously announced, Nova Chemicals and Grupo IDESA formed a joint venture called “NOVIDESA”. This new company will attend the Expandable Polystyrene (EPS) market, specially focusing in the construction sector. The operations of NOVIDESA will be located in GRUPO IDESA’s Apizaco facility, in the state of Tlaxcala
GRUPO IDESA, is a leader company in the Mexican petrochemical industry. Nova Chemicals is worldwide leader in the styrene market. This alliance will allow the growth of both companies in Mexico. |
