Borealis increases price of its polypropylene based products for automotive and appliance applications in Europe

04.07.2007

Borealis announces that it will increase the price of its polypropylene based products used in automotive and appliances applications in Europe by 60 €/per tonne as of July 1, 2007.

“We are continuously investing to deliver added value solutions to our customers in the automotive and appliances markets. We need to increase the prices of our products in order to achieve returns that can support this investment,” according to Paul Turner, Borealis Vice President Business Unit Automotive 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, Borealis
+32 15 47 90 24
media@borealisgroup.com

Umberto Granata
General Sales Manager Europe, Borealis
BU Automotive and Appliances
+39 335 60 52 414
umberto.granata@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.

This press release (BLPR177) can be downloaded from www.PressReleaseFinder.com.