Borealis to close HDPE plant in Norway

10.03.2006

In a meeting today, the Board of Borealis AS agreed to close the Borealis high density polyethylene (HDPE) plant in Bamble, Norway. The Board recommends that the Supervisory Board of Borealis AS concludes to close the 110,000 tonnes per year plant in 2006.

“Our aim is to now focus on improving the competitiveness of our low density polyethylene (LDPE) and polypropylene (PP) plants in Bamble in synergy with the total operations of hub Scandinavia and on cost competitive feedstock opportunities in the region. This is a further step by Borealis to strengthen its European operations,” says Roy Vardheim, General Manager, Borealis Scandinavia.

The closure of the HDPE plant will affect around 100 employees at the location.

For further information, please contact:

Marielle Korend-Larsson
Community Affairs Manager Scandinavia, Borealis
+46 303 86291
marielle.korendlarsson@borealisgroup.com

Nancy Helledie
Public Affairs Director, Borealis A/S
+45 45 96 61 80
lypresbo@borealisgroup.com

Borealis is a leading, innovative provider of plastics solutions with more than 40 years of experience in polyethylene (PE) and polypropylene (PP). Borealis products are converted by its customers into daily life products such as advanced food packaging, medical devices, distribution pipes, automotive parts, power cables and appliances.