Nova Chemicals Corp., Canada’s largest chemical maker, will keep its headquarters in Pittsburgh, Pa., after its takeover by Abu Dhabi’s International Petroleum Investment Co.
Nova president Chris Pappas told shareholders at the company’s annual meeting Tuesday that Pittsburgh remains a good location to run the company because it’s close to customers.
Nova, created by the Alberta government, relocated its head office to the U.S. from Calgary a decade ago, a move that has been widely criticized for separating Nova’s decision-makers from its major operations, particularly Nova’s flagship Joffre ethylene and polyethylene complex in central Alberta.
I think this economic relationship between Pittsburgh and Alberta is representative of the transformation of the Southwestern PA workforce.
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