Borealis announces changes in its distribution partnerships for automotive materials
29.10.2009
Borealis, a leading provider of chemical and innovative plastics solutions, reduces the number of distribution partnerships for its automotive materials and will terminate the distribution agreement with Resinex at the end of 2009. Customers will be able to obtain the full range of Borealis' automotive products through Ashland Distribution.
"This step is necessary to reduce the complexity of driving two
distribution partners within the same product portfolio," comments Harald
Hammer, Vice President of Borealis' business unit Mobility. "More
importantly, it will enable us to preserve best service for our small and
medium-end customers despite the current crisis-related drop in sales
volumes via distribution channels."
Ashland Distribution, a commercial unit of Ashland Inc., is a leading
distributor of thermoplastics to the automotive industry, including
commodity and engineered thermoplastic materials to meet specific
automotive applications. Ashland Distribution has supported Borealis since
1996, distributing Borealis' polyethylene and polypropylene solutions to
more than 3,000 customers throughout Europe in the automotive, advanced
packaging and infrastructure sectors.
For further information please contact:
Kerstin Meckler
Head of Communications, Borealis
Vienna, Austria
+43 1 22 400 389
kerstin.meckler@borealisgroup.com
Borealis is a leading provider of chemical and innovative
plastics solutions that create value for society. With sales of EUR 6.6
billion in 2008, customers in over 120 countries, and 5,400 employees
worldwide, Borealis is owned 64% by the International Petroleum Investment
Company (IPIC) of Abu Dhabi and 36% by OMV, the leading energy group in the
European growth belt. Borealis is headquartered in Vienna, Austria, and has
production locations, innovation centers and customer service centers
across Europe and the Americas. Through Borouge, a joint venture between
Borealis and the Abu Dhabi National Oil Company (ADNOC), one of the world's
major oil companies, the company's footprint reaches out to the Middle
East, Asia Pacific, the Indian sub-continent and Africa. Established in
1998, Borouge employs approximately 1,400 people, has customers in more
than 50 countries and its headquarters are in Abu Dhabi in the UAE and
Singapore.
Building on the unique Borstar® technology and their experience in
polyolefins for more than 50 years, Borealis and Borouge provide
innovative, value creating plastics solutions for the infrastructure (pipe
systems and power and communication cables), automotive and advanced
packaging markets. In addition, Borealis offers a wide range of base
chemicals from melamine and plant nutrients to phenol and acetone.
Today Borealis and Borouge manufacture 4.4 million tonnes of polyolefins
(polyethylene and polypropylene) per year. Borouge is currently tripling
its polyolefins manufacturing capacity to 2 million tonnes per year (t/y)
by mid-2010 and an additional 2.5 million t/y is scheduled for 2013. The
companies continue to invest to ensure that their customers throughout the
value chain, across the globe, can always rely on product quality,
consistency and security of supply.
Borouge and Borealis are committed to the principles of Responsible Care®
and proactively contribute to addressing the world's water and sanitation
challenges through their Water for the World™ initiative.
For more
information visit:
Borealis:
www.borealisgroup.com
Borouge:
www.borouge.com
Water for
the World:
www.waterfortheworld.net
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