Toro Rosso renews Nova Chemicals deal

Formula One motor-racing team Scuderia Toro Rosso has confirmed a three-year extension to its sponsorship agreement with Nova Chemicals.

The Canadian chemical manufacturing company first partnered Toro Rosso midway through the 2011 F1 season.

Nova Chemicals will benefit from on-car branding on Toro Rosso’s entry for 2014, which was revealed yesterday at the season’s opening test in Jerez, Spain.

Toro Rosso team principal Franz Tost said: “It’s a show of confidence in the value of our partnership that has worked so well over the past two and a half years. This new long term cooperation is of great help when it comes to planning our future, as Toro Rosso strives to move up the order and the grid. In addition, the partnership with Nova Chemicals has also led to valuable synergies on the technical front.”

Toro Rosso's drivers are France's Jean-Eric Vergne and Russian Daniil Kvyat and the duo will look to improve upon the team’s eighth-place finish in the 2013 constructors’ championship.