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Borealis increases polyethylene and polypropylene prices

27.05.2009

Borealis, a leading provider of innovative, value creating plastics solutions, announces that it will increase all polyethylene and polypropylene prices by EUR 60/tonne as of June 1, 2009.

"This increase is necessary to preserve sustainable margins and to ensure our innovation programmes," comments Lorenzo Delorenzi, Executive Vice President Polyolefins, Borealis.

For further information please contact:

Kerstin Meckler
Head of Communications, Borealis
Vienna, Austria
+43 1 22 400 389
kerstin.meckler@borealisgroup.com

Borealis and Borouge are leading providers of innovative, value creating plastics solutions. With more than 40 years of experience in polyolefins and using our unique Borstar® technology, we focus on the infrastructure, automotive and advanced packaging markets. We have production facilities, innovation centres and service centres across Europe, the Middle East and Asia Pacific and work with customers in more than 170 countries around the world to provide plastic materials that make an essential contribution to society and to sustainable development. We are committed to the principles of Responsible Care® and to leading the way in 'Shaping the Future with Plastics™.

For more information on Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company, visit www.borouge.com