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NOVA Chemicals Corporation
Business Summary
NOVA Chemicals Corporation is a privately-held company that develops resins, plastics and chemicals for a variety of purposes. The privately held company focuses on ethylene, polyethylene and performance styrenic polymers. NOVA Chemicals Corporation's headquarters are located in Calgary, Alberta, Canada.
Overview & Corporate Organization
Basic Information
| Year Founded: | 1954 |
| Formerly Named: | NOVA Corporation of Alberta |
| Fiscal Year End: | 12/10 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | Calgary |
| State/Province: | Alberta |
| Country: | Canada |
| Phone: | View |
| Fax: | View |
| Website: | www.novachem.com |
Corporate Organization
| Parent Companies: | International Petroleum Investment Company |
| Subsidiaries: | NC Holdings USA Inc NOVA Chemicals (Canada) Ltd./NOVA Chimie (Canada) Lt´ee NOVA Chemicals (International) S.A. NOVA Chemicals Inc. NOVA Petrochemicals Ltd |
| Brands: | ARCEL DYLITE NOVACAT NOVAPOL PETROCARB SCLAIR SURPASS UPES XylenesOctylenes |
Industry Information
PrivCo Industries (Sector > Industry > Sub-Industry)
| Manufacturing & Industrial > Chemical Manufacturing |
| Manufacturing & Industrial > Plastic And Rubber Products Manufacturing > Plastic Packaging Manufacturing |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Competitors & Comparables
Charts, Financials, and Statistics (Table Format)
Copy & Paste Financials Into Spreadsheet or
| Income Statement | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 |
| Revenues | View | View | View | View | View | View | $5,616,000,000 |
| Selling, General & Administrative Expenses | View | View | View | ||||
| Marketing/Advertising Expense | View | View | |||||
| Research & Development Expense | View | View | View | ||||
| Net Income (Loss) | View | View | View | View | View | View | |
| Feedstock and operating costs | View | View | View | ||||
| Operating profit from continuing operations | View | View | |||||
| Finance costs, net | View | View | |||||
| Other losses, net | View | View | |||||
| Profit before income taxes from continuing operations | View | View | |||||
| Income tax expense | View | View | |||||
| Profit from continuing operations | View | View | |||||
| Profit from discontinued operations, net tax | View | View |
| Balance Sheet | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
| Cash and Cash Equivalents | View | View | View | |||
| Accounts Receivable | View | View | View | |||
| Inventory | View | View | View | |||
| Other Current Assets | View | View | View | |||
| Property, Plant and Equipment | View | View | View | |||
| Deferred Tax Assets | View | View | View | |||
| Intangible Assets | View | View | View | |||
| Other Non-Current Assets | View | View | View | |||
| Total Assets | View | View | View | View | View | View |
| Accounts Payable | View | View | View | |||
| Short Term Debt | View | View | View | |||
| Other Current Liabilities | View | View | View | |||
| Long Term Debt | View | View | View | |||
| Other Non-Current Liabilities | View | View | View | |||
| Total Liabilities | View | View | View | |||
| Stockholders Equity | View | View | View | |||
| Retained Earnings | View | View | View | |||
| Income Taxes Receivable | View | View | View | |||
| Restricted Cash | View | View | View | |||
| Assets Held for Sale | View | View | View | |||
| Investments in Joint Ventures | View | View | View | |||
| Income Taxes Payable | View | View | View | |||
| Short Term Provisions | View | View | View | |||
| Liabilities associated with assets held for sale | View | View | View | |||
| Employment Benefit Plan Liability | View | View | View | |||
| Long Term Provisions | View | View | View | |||
| Deferred Tax Liability | View | View | View | |||
| Issued Capital | View | View | View |
| Cash Flow Statement | 2011 | 2010 |
| Cash Flow From Operating Activities | View | View |
| Increase in Working Capital (Decrease) | View | View |
| Depreciation and Amortization | View | View |
| Cash Flow From Investing Activities | View | View |
| Payments for Property and Equipment | View | View |
| Cash Flow From Financing Activities | View | View |
| Cash Interest Expense | View | View |
| Total Cash Flow (Net Change in Cash) | View | View |
| Cash & Cash Equivalents End of Year | View | View |
| Financial Notes: | |
| * | NOVA Chemicals Corporation fiscal year end: 12/10 |
Charts, Financials, and Statistics (Graphs)
(Copy and paste into spreadsheet or export all NOVA Chemicals Corporation financials to Excel and create your own graphs.)
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NOVA Chemicals Corporation Revenues ($ MM): |
NOVA Chemicals Corporation Selling, General & Administrative Expenses ($ MM): |
NOVA Chemicals Corporation Marketing/Advertising Expense ($ MM): |
NOVA Chemicals Corporation Research & Development Expense ($ MM): |
NOVA Chemicals Corporation Net Income (Loss) ($ MM): |
NOVA Chemicals Corporation Feedstock and operating costs ($ MM): |
NOVA Chemicals Corporation Operating profit from continuing operations ($ MM): |
NOVA Chemicals Corporation Finance costs, net ($ MM): |
NOVA Chemicals Corporation Other losses, net ($ MM): |
NOVA Chemicals Corporation Profit before income taxes from continuing operations ($ MM): |
NOVA Chemicals Corporation Income tax expense ($ MM): |
NOVA Chemicals Corporation Profit from continuing operations ($ MM): |
NOVA Chemicals Corporation Profit from discontinued operations, net tax ($ MM): |
NOVA Chemicals Corporation Cash and Cash Equivalents ($ MM): |
NOVA Chemicals Corporation Accounts Receivable ($ MM): |
NOVA Chemicals Corporation Inventory ($ MM): |
NOVA Chemicals Corporation Other Current Assets ($ MM): |
NOVA Chemicals Corporation Property, Plant and Equipment ($ MM): |
NOVA Chemicals Corporation Deferred Tax Assets ($ MM): |
NOVA Chemicals Corporation Intangible Assets ($ MM): |
NOVA Chemicals Corporation Other Non-Current Assets ($ MM): |
NOVA Chemicals Corporation Total Assets ($ MM): |
NOVA Chemicals Corporation Accounts Payable ($ MM): |
NOVA Chemicals Corporation Short Term Debt ($ MM): |
NOVA Chemicals Corporation Other Current Liabilities ($ MM): |
NOVA Chemicals Corporation Long Term Debt ($ MM): |
NOVA Chemicals Corporation Other Non-Current Liabilities ($ MM): |
NOVA Chemicals Corporation Total Liabilities ($ MM): |
NOVA Chemicals Corporation Stockholders Equity ($ MM): |
NOVA Chemicals Corporation Retained Earnings ($ MM): |
NOVA Chemicals Corporation Income Taxes Receivable ($ MM): |
NOVA Chemicals Corporation Restricted Cash ($ MM): |
NOVA Chemicals Corporation Assets Held for Sale ($ MM): |
NOVA Chemicals Corporation Investments in Joint Ventures ($ MM): |
NOVA Chemicals Corporation Income Taxes Payable ($): |
NOVA Chemicals Corporation Short Term Provisions ($ MM): |
NOVA Chemicals Corporation Liabilities associated with assets held for sale ($): |
NOVA Chemicals Corporation Employment Benefit Plan Liability ($ MM): |
NOVA Chemicals Corporation Long Term Provisions ($ MM): |
NOVA Chemicals Corporation Deferred Tax Liability ($ MM): |
NOVA Chemicals Corporation Issued Capital ($ MM): |
NOVA Chemicals Corporation Cash Flow From Operating Activities ($ MM): |
NOVA Chemicals Corporation Increase in Working Capital (Decrease) ($ MM): |
NOVA Chemicals Corporation Depreciation and Amortization ($ MM): |
NOVA Chemicals Corporation Cash Flow From Investing Activities ($ MM): |
NOVA Chemicals Corporation Payments for Property and Equipment ($ MM): |
NOVA Chemicals Corporation Cash Flow From Financing Activities ($ MM): |
NOVA Chemicals Corporation Cash Interest Expense ($ MM): |
NOVA Chemicals Corporation Total Cash Flow (Net Change in Cash) ($ MM): |
NOVA Chemicals Corporation Cash & Cash Equivalents End of Year ($ MM): |
NOVA Chemicals Corporation Total Employees: |
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Mergers & Acquisitions
| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Jan. 2000 | Completed | Shell European solid polystyrene and expandable polystyrene business 1 | NOVA Chemicals Corporation | Acquisition Asset Sale | $211,000,000 |
| Details | Jul. 2004 | Completed | Ethylene Delivery System | NOVA Chemicals Corporation | Acquisition Asset Sale | $25,000,000 |
| Details | Nov. 2004 | Completed | Alberta Ethane Gathering System 2 | Veresen Inc. | Acquisition | C$270,000,000 [CAD] |
| Details | Jul. 2009 | Completed | View3 | View | Acquisition Take Private | View |
| Details | Feb. 2011 | Completed | View4 | View | Acquisition | View |
| Details | May. 2012 | Announced | View5 | View | Acquisition | View |
| Details | Nov. 2012 | Completed | View | View | Acquisition | View |
| 1 | On January 31, 2000, the Styrenics business of NOVA Chemicals completed the acquisition of Shell's European solid polystyrene and expandable polystyrene business for $185 million plus working capital of approximately $26 million. - Details → |
| 2 | Fort Chicago Energy Partners L.P. ("Fort Chicago") announced today the closing of the previously announced acquisition of a 100% interest in Alberta Ethane Gathering System ("AEGS"), including all of the shares of Alberta Ethane Development Company Ltd. ("AEDC"), for an aggregate purchase price of approximately C$270 million. Fort Chicago anticipates that the acquisition of AEGS will result in a 2% to 4% accretion to the previously reported 2005 distributable cash range of $0.86 to $0.91 per Class A unit. The acquisition was initially financed by way of a previously established $300 million three-year committed revolving credit facility with three Canadian chartered banks. Scotia Capital Inc. acted as financial advisor to Fort Chicago on this transaction. - Details → |
| 3 | The total value of the...Read More → |
| 4 | NOVA Chemicals held a 50%...Read More → |
| 5 | NOVA Chemicals Corporation and PFB...Read More → |
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VC/Funding Activity
| Date | Investor | Round | Investor Type | |
| Feb. 2009 | View | Debt Funding | Private Equity | |
| Feb. 2009 | View | Debt Funding | ||
| Feb. 2009 | View | Debt Funding | ||
| Feb. 2009 | View | Debt Funding | ||
| Details | Total Round Debt Funding1 View | |||
| Total of Funding Shown Above View | ||||
| 1 | NOVA Chemicals has secured $150m...Read More → |
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Public / Private History (PPH™)
| Date | Deal Type | Action | Resulting Status | Valuation | Amount Raised | Public Ticker | |
| Details | Jul. 2009 | View | View | View1 | View | View | View |
| 1 | The total value of the...Read More → |
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Detailed Business Description: NOVA Chemicals Corporation
Business Overview
Privately-held NOVA Chemicals Corporation was founded in 1954 under the name NOVA Corporation of Alberta. NOVA Chemicals principal business is the production and marketing of plastics and chemicals. NOVA Chemicals operates an Olefins/Polyolefins business unit that produces and markets ethylene, polyethylene, higher-value polyethylene manufactured using its Advanced SCLAIRTECH technology, and a variety of chemical and energy products (commonly known as co-products). NOVA Chemicals also operates a Performance Styrenics business that produces and markets EPS and ARCEL resin.
Properties and Production Facilities
NOVA Chemicals products are manufactured at seven sites in North America. All production facilities are owned by the company itself, with the exception of LyondellBasell’s PO/SM facility in Channelview, Texas, in which they have a minority interest, and the E3 manufacturing plant at Joffre, Alberta, in respect of which NOVA Chemicals and Dow Chemical each own… Continue Reading →
Supplemental Resources
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