Company Releases

28.12.2006 -  OMV and IPIC plan to consolidate their chemistry activities into subsidiary Borealis
OMV and IPIC intend to incorporate their respective 50% shares of AMI Agrolinz Melamine International into their joint subsidiary Borealis within the first half of 2007

18.12.2006 -  Borouge and Borealis sign Responsible Care® Global Charter
This is the first time two leading companies in the Middle East and Europe are partnering to advance Responsible Care® in their respective businesses and to share best practices and approaches. Borouge is also the first company in the Gulf region committing to the Charter.

28.11.2006 -  Borouge awards approximately USD 1.3 billion Borouge 2 Cracker (EU2) contract to Linde Engineering
Borouge 2 is a key part of Borouge’s strategy for growth, tripling its production capacity and consolidating its position in markets throughout the Middle East, Asia-Pacific and Africa. It is expected to come on stream by 2010.

17.11.2006 -  Borealis invests €200 million in Borstar® polypropylene plant in Central Europe
Borealis reports that the 330,000-tonne-per-year (t/y) expansion of its polypropylene (PP) facilities in Burghausen, Germany, based on its proprietary Borstar technology, is progressing according to plan with start up scheduled before the end of 2007

10.11.2006 -  Borealis starts expansion of its Innovation Centre in Linz – Upper Austria to become a centre of international plastics research
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23.10.2006 -  Borealis wins 2006 Best Supply Chain Project award in Belgium
Borealis procurement project recognised for innovation, collaborative vision and sustainability of its benefits.

23.10.2006 -  Borealis and Ashland Distribution celebrate 10 years of partnership in Europe
First pan-European polyolefin distribution partnership now serving over 3,000 customers.

14.09.2006 -  OMV and Borealis celebrate joint investment in Austria
EUR 400 million joint investment turns OMV/Borealis Schwechat location into one of the largest plastics manufacturing sites in Europe.

14.09.2006 -  Borouge and Borealis announce world-class Innovation Centre in the UAE
Centre represents significant investment in Borouge's research capabilities to meet customer needs in the Middle East and Asia Pacific regions.

13.09.2006 -  Borealis Fast-Tracks Innovation with University of Leoben
New material testing methods to help accelerate customers' time to market.

09.08.2006 -  Clive Watson, Borealis’ CFO returns to the UK
Concludes nearly 5 years with the company on September 30th, 2006.

28.04.2006 -  Borealis announces Vienna head office location
Office to become operational July 10, 2006.

20.04.2006 -  Borealis to strengthen its innovation capability
Linz to become centre of international research activities.

17.03.2006 -  AK and FFG honour Borealis – innovation is the driving force for success
Central European operations honoured for research success.

10.03.2006 -  Borealis to close HDPE plant in Norway
110,000 tonnes per year plant to close in 2006.

01.03.2006 -  New Vice President Engineering Applications
Paul Turner will head sales, marketing and development units for the automotive and appliances business.

02.02.2006 -  Borealis evaluates possible closure of HDPE plant in Norway
Supervisory Board to be informed at extraordinary meeting on February 13.

03.01.2006 -  Borealis appoints new Vice-President Moulding
Borealis has appointed Gilles Rochas to the position of Vice President Moulding with effect from January 1, 2006.