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 Wieser
Senior Manager, Corporate Communications, Brand & Reputation
+43 1 22 400 772
media@borealisgroup.com

Latest News

Media Release – 22/11/2022

Borealis and VERBUND erect new photovoltaic park to supply power to Borealis operations in Schwechat, Austria

Read more

Media Release – 08/11/2022

Borealis and YILDIRIM announce binding agreement for YILFERT to launch mandatory takeover bid, followed by a squeeze out for Rosier SA

Read more

Media Release – 31/10/2022

Borealis appoints Britta Warnke as Vice President Mobility & Advanced Products

Read more

Media Release – 27/10/2022

Borealis renews its partnership with leading educational and social organisations in the UAE

Read more

Media Release – 19/10/2022

Borealis advances plastics circularity with the first-of-its-kind Borcycle™ M commercial-scale advanced mechanical recycling plant

Read more

Media Release – 19/10/2022

Borealis unveils its new CO2e emissions calculation tool Neoni at the K 2022

Read more

Media Release – 19/10/2022

Borealis announces launch of the Borstar® Nextension Technology, a step change for performance-based polyolefins

Read more

News – 19/10/2022

Borealis and Borouge partner to drive the circular transformation of the polyolefins industry, unveiling game-changing products, technologies, partnerships & investments on the theme of ‘Innovate, Collaborate, Accelerate’ at K Fair 2022

Read more

Media Release – 12/10/2022

Borealis and Axpo Nordic sign wind PPA to supply Borealis operations in Sweden with renewable electricity

Read more