INEOS NOVA announces price rollover for all polystyrene products in Europe

Fribourg, Switzerland
INEOS NOVA announced today that prices for all Polystyrene products in Europe will rollover effective from April 1st, 2008. Although the Styrene Price will decrease in April, the margin of all Polystyrenes has been reduced over the last 4 months to a level which is not acceptable. INEOS NOVA needs to restore an acceptable margin on its business.

INEOS NOVA announced also today that the premium on High-Impact Polystyrenes will be increased by 10 Euro per ton effective April 1st, 2008. It is very likely that the Butadiene Quarterly Contract Price will significantly increase in April. This will have an impact on the price of rubbers used for the production of the High Impact Products range and consequently increase costs.

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.