Products
Downloads
Locations / Sites
Contacts
Download list
Back to News

Borealis announces EUR 370 million investment for the wire and cable market

  • Borealis invests EUR 370 million in its wire and cable business
  • New 350,000 t/y low-density polyethylene (LDPE) plant
  • Modernisation and streamlining of compounding
  • Shutdown of old 230,000 t/y high-cost polyethylene capacity

Borealis, a leading provider of innovative, value creating plastics solutions, will invest EUR 370 million in Stenungsund, Sweden, , enhancing its capability to provide advanced materials for the growing wire and cable market, as well as for the Nordic packaging market.

The project, due for completion at the end of 2009, includes a new 350,000 t/y high-pressure LDPE plant, modernisation and streamlining of compounding, and related material handling facilities. 230,000 t/y of old, high-cost polyethylene capacity will be shutdown.

This significant investment builds upon the cross-linkable polyethylene (XLPE) capacity coming on stream during the second half of this year. It also reinforces Borealis' commitment to the wire and cable industry and the development of infrastructure systems that ensure safe and reliable electricity supplies to consumers and industries.

"With well-known brands such as Supercure® and Visico®, Borealis is already an established provider of high value added materials for wire and cable infrastructure applications," says Borealis Polyolefins Executive Vice President David Rolph. "Investment is essential for value creation in this business. We are building on our leadership and experience in the wire and cable, and advanced packaging markets, to provide advantages for the entire value chain."

"This investment will also enable us to maximise the flexible feedstock-olefin-polyolefin integration at Stenungsund and, by improving our overall asset competitiveness, ensure long-term, profitable growth for the site," adds Borealis Scandinavia General Manager Roy Vardheim. The total polyethylene capacity at Stenungsund will increase from 580,000 t/y to 700,000 t/y, making it a leading world-scale facility for advanced infrastructure applications.

END

Downloads
Borealis announces EUR 370 million investment for the wire and cable market English
Media Contact
Virginia Mesicek
External Communications Manager

Related News

News – 16/10/2018

Update on Project STOP: Change is possible and the momentum continues

Read more

Media Release – 09/10/2018

Borealis and Borouge introduce Borealis Bormed™ PL8830-PH, the first controlled plastomers solution for the healthcare industry

Read more

Media Release – 06/10/2018

Borealis to build new, world-scale 750,000 tonne/year propane dehydrogenation (PDH) plant in Belgium

Read more

News – 02/10/2018

United States: Bayport Polymers to Double Polyethylene Capacity

Read more

Media Release – 28/09/2018

Borealis Executive Vice President Base Chemicals Markku Korvenranta to step down

Read more

Media Release – 26/09/2018

Borealis and the ZOOM Children’s Museum to encourage critical discussion through the new “EARTH & SOIL” interactive exhibition

Read more

Media Release – 26/09/2018

Borealis appoints Rainer Höfling as CEO of its dedicated Fertilizer & Melamine business

Read more

Media Release – 25/09/2018

Borealis and Bockatech partner to develop foam injection moulding solutions for reusable and recyclable packaging

Read more

Media Release – 17/09/2018

Borealis Daplen™ grades with post-consumer recycled content to help develop Volvo Cars demonstrator vehicle

Read more