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NOVA Chemicals history
NOVA Chemicals company history timeline
NOVA Corporation was originally incorporated as the Alberta Gas Trunk Line Company Ltd. (AGTL) in 1954 by Ernest Manning, the premier of the Province of Alberta.
In 1979, AGTL acquired a major share of the stock of Husky Oil Ltd., a prominent gas and oil producer and marketer, through an aggressive and expensive takeover initiative.
In 1980, AGTL changed its name to NOVA, an Alberta Corporation, to reflect its expanded activities outside of natural gas transportation.
In 1987, the company was renamed NOVA Corporation of Alberta.
Debt from this purchase prompted NOVA to sell four of its non-chemical subsidiaries the following year in 1989.
In 1990, the Polysar rubber operations were sold to Bayer AG of Germany for C$1.25 billion.
Performance for 1991 was disappointing for Novacor and NOVA Corporation in general.
1993 saw the expansion of NOVA's chemical concerns with investments in Methanex Corporation and in new technology from DuPont Canada.
The C$400 million increase over 1993 was attributed to increased prices for petrochemicals and the sale of non-core assets.
In May 1994 Novacor Chemicals Ltd., started along a path of "Business Transformation" (BT), a framework to help companies become more efficient, effective, and competitive in every aspect of their businesses.
NOVA Chemicals announces NOVA 2020 growth strategy to add value to emerging cost-competitive feedstocks and growing North America demand.
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NOVA Chemicals competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Criterion Catalysts & Technologies | 1985 | $1.3B | 2,000 | - |
| The Dow Chemical Company | 1897 | $43.0B | 54,000 | 111 |
| Eastman | 1920 | $9.4B | 14,500 | 14 |
| SABIC Innovative Plastics | 2000 | $1.4B | 1,342 | 14 |
| Kao Brands | - | $30.0M | 1,000 | 46 |
| Axalta | 1866 | $5.3B | 12,650 | 33 |
| Minerals Technologies | 1968 | $2.1B | 300 | 105 |
| Tronox | 2006 | $3.1B | 7,000 | 1 |
| Littelfuse | 1927 | $2.2B | 12,000 | 27 |
| Novelis | 2005 | $11.1B | 11,000 | 212 |
NOVA Chemicals history FAQs
Zippia gives an in-depth look into the details of NOVA Chemicals, including salaries, political affiliations, employee data, and more, in order to inform job seekers about NOVA Chemicals. The employee data is based on information from people who have self-reported their past or current employments at NOVA Chemicals. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by NOVA Chemicals. The data presented on this page does not represent the view of NOVA Chemicals and its employees or that of Zippia.
NOVA Chemicals may also be known as or be related to NOVA Chemicals, NOVA Chemicals Corporation, NOVA Chemicals Inc, NOVA Chemicals Inc., Nova Chemicals and Nova Chemicals Olefins LLC.