CALGARY, ALBERTA — Nova Corp. of Calgary plans to sell its Dylark engineering resin business to concentrate solely on commodity materials such as polyethylene and polystyrene.
``We want to send a clear message that we're focused on commodity products, and Dylark isn't one,'' Nova President and Chief Executive Officer Jeff Lipton said July 21.
Annual sales for Dylark, which Nova produces in Beaver Valley, Pa., are about $70 million.
It sells the material almost solely into the automotive market, where it is used in instrument panels, consoles and interior trim.
Dylark is used in more than two-thirds of the soft instrument panels produced in North America, Nova said.
The firm lists temperature resistance, rigidity, dimensional stability and impact strength as Dylark's top attributes.