VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 10, 2006) - Methanex Corporation (TSX:MX)(NASDAQ:MEOH) and Univar Canada Ltd. have reached a long-term agreement under which Methanex has become the exclusive methanol supplier to Univar in Western Canada. Univar, the leading chemical distributor in North America, distributes methanol throughout Western Canada for end-uses primarily in the oil and gas and pulp and paper industries.
Methanex's Director, North American Marketing & Logistics, Joe Caudell, commented, "We are delighted to have Univar as a customer. We have converted our Kitimat site into a world-class terminal operation, have established terminaling in Edmonton and also plan to have a terminal in the US Pacific Northwest. This will uniquely position Methanex to be a reliable, long-term supplier to Univar and other customers in these important markets."
Univar's Canadian President, Randy Craddock, stated, "We are pleased to be joining forces with Methanex, the global leader in methanol. This deal with Methanex is very attractive to Univar as it offers us a secure, competitive, long-term, local source of methanol supply with which to serve the growing needs of our valued customers."
Methanex is a Vancouver based, publicly-traded company engaged in the worldwide production and marketing of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the Nasdaq National Market in the United States under the trading symbol "MEOH".
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