Borealis increases price of PP-based products for European automotive and appliances businesses

Borealis announced today that it will increase the price of its polypropylene based products used in automotive and appliances applications in Europe by 50 EUR/per tonne as of 1st January, 2007. The increase comes on top of the future price development of propylene.

“Feedstock, energy and transportation costs have continued to increase throughout 2006 which have only been partly passed through the value chain. We will continue to focus on value creation through innovation for our customers and deliver solutions to meet our customers long term needs.” according to Paul Turner, Vice President Business Unit Engineering Applications, Borealis.

Borealis is a leading provider of innovative, value creating 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.

With an in depth understanding of the value chain and a focus on customer needs, Borealis provides innovative, value creating polypropylene solutions with optimum performance for appliances and interior, exterior and under the bonnet automotive applications.

For further information please contact:

Liesbeth Denys
Trade Media Relations Manager
+32 15 47 90 24
lypresbo@borealisgroup.com

For customer inquiries, please contact your local Borealis Sales Manager.