Products
Downloads
Locations / Sites
Contacts
Download list
Back to News

Borealis and MCC agree to improve PP compound supply for the automotive industry

Borealis AG, a leading supplier of innovative value creating plastics solutions, and its U.S. subsidiary, Borealis Compounds LLC, have entered into manufacturing and supply agreements with affiliates of Mitsubishi Chemical Corporation (MCC) to improve the supply of polypropylene compounds (PP/CP) to the automotive industry in Europe and the United States. The agreements are intended to aid all companies in meeting demand and enhancing the competitiveness of their automotive customers, through localised production and supply of high quality, high-performance PP/CP materials.

High performance PP/CP materials are widely used in the production of exterior and interior automotive components, including bumpers, instrument panels, door trim panels and other interior applications, to meet the manufacturing performance, weight-saving and fuel reduction demands set by global automotive manufacturers.

Borealis will use its proprietary Borstar® technology to manufacture high performance, speciality polypropylene compounds in accordance with a formula developed by Mitsubishi Chemical Europe GmbH. This formula is licensed by Japan Polypropylene Corporation (JPP), a joint venture between MCC and Chisso Corporation.

Borealis Group and MCC Group both are well established in the global automotive industry in several regions. Borealis Group has PP/CP Facilities in Europe and Brazil (through Joint Ventures between Borealis AG and Braskem S.A.) and MCC Group has PP/CP Facilities in Japan, U.S.A., China, Thailand and India.

Mark Garrett, Borealis Chief Executive, states: "We are excited to be working with JPP in a way that brings us even closer to our international automotive customers. Automotive OEMs produce vehicles on global platforms. As material producers we must therefore have capacity to supply high quality, high performance PP/CP and provide best-in-class service to customers globally."

According to JPP President, Masahiro Abe: "We believe that the agreements with Borealis will further improve our ability to fulfil our customer's demand for polypropylene and will consolidate our position as a global supplier to the European automotive sector."

The manufacturing and supply agreement for PP/CP in Europe has been signed by Borealis AG (Vienna, Austria, CEO; Mark Garrett) and Mitsubishi Chemical Europe GmbH (Dusseldorf, Germany, CEO; Ryu Hasegawa, 100% owned by MCC).

The manufacturing and supply agreement for PP/CP in the U.S.A. has been signed by Mytex Polymers, U.S. Corporation (Jeffersonville, IN, U.S.A., CEO; Toshihiro Morimoto, 100% owned by MCC through a subsidiary) and Borealis Compounds, LLC (Port Murray, NJ, U.S.A., CEO; 100% owned by Borealis AG).

END

For further information please contact:

Kerstin Meckler, Borealis Group Media Relations Manager,
Tel. +43 1 22 400 389
kerstin.meckler@borealisgroup.com

Downloads
Borealis and MCC agree to improve PP compound supply for the automotive industry English
Media Contact
Virginia Mesicek
External Communications Manager

Related News

Media Release – 11/12/2018

Lucrèce Foufopoulos - De Ridder appointed as Borealis Executive Vice President Polyolefins and Innovation & Technology

Read more

Media Release – 06/12/2018

Borealis increases PP capacity in Europe; strengthens commitment towards European customer base

Read more

Media Release – 05/12/2018

Thinking circular, Borealis launches EverMinds™: a new communication platform dedicated to circular economy solutions

Read more

Media Release – 29/11/2018

Borealis issues inaugural rated corporate bond

Read more

News – 13/11/2018

​Borealis Annual Report 2017 honoured with Austrian Sustainability Reporting Award (ASRA) 2018 in the category of first GRI report

Read more

Media Release – 31/10/2018

Borealis delivers a solid quarter, focusses on growth and further strengthens commitment to plastics recycling

Read more

Media Release – 30/10/2018

Project STOP: Scale-up commitment and next city partnerships announced at Our Ocean Conference 2018 in Bali, Indonesia

Read more

Media Release – 29/10/2018

Borealis signs agreement to acquire a controlling stake in South Korean compounder DYM Solution Co. Ltd

Read more

Media Release – 29/10/2018

Borealis supports Global Commitment to Eliminate Plastic Pollution at the Source and Commits to more than Quadruple its Recycled Plastics Volume by 2025

Read more