INEOS NOVA announces European Polystyrene price increase for March

Fribourg, Switzerland
INEOS NOVA announced today a price increase of 70 Euro/mt for all Polystyrene products in Europe effective from March 1st, 2008.

INEOS NOVA's price spread in February was below expectations, and did not fully reflect market fundamentals. Feedstock costs are expected to increase signficantly next month, therefore a price increase in March is fully justified.
INEOS NOVA is committed to being recognized as the global leader in styrenics. Our employees manufacture and market styrene and styrenic polymers with a dedicated focus on health, safety, security and environmental stewardship. INEOS NOVA is a joint venture of INEOS and NOVA Chemicals.