Products
Downloads
Locations / Sites
Contacts
Download list
Back to News

Borealis receives EUR 75 million loan from KfW IPEX-Bank for polymers R&D

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, announces it has secured financing for Borealis investment in research and development on plastic materials at several of its facilities. The KfW IPEX-Bank loan of EUR 75 million will run parallel with the EUR 150 million European Investment Bank (EIB) financing package announced earlier this year. The new agreement was signed by the two parties in Frankfurt on 14 October 2014.

The KfW IPEX-Bank loan supports Borealis investment in its European innovation centres. As a programme spanning several years, the project will continue to focus primarily on product innovation in the area of advanced polymers.

"For Borealis, the cooperation with KfW IPEX-Bank represents another milestone in its continuous investment in research and development in Europe", says Jan-Martin Nufer, Borealis Director Treasury & Funding. We are delighted to work once more with KfW as an excellent partner for the financing of our innovation centers."

"Research and development are prerequisites for innovation and therefore essential for sustainable economic success", comments Markus Scheer, member of the Management Board of KfW IPEX-Bank. "We support investments of German and European industrial companies to ensure that Europe remains a high-tech location."

END

Media Contact
Elisabeth Schopf
Group Funding Manager
+43 1 22 400 707
ir@borealisgroup.com
Jan-Martin Nufer
Director Treasury & Funding
+43 1 22 400 320
ir@borealisgroup.com

Latest 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 – 12/11/2018

Borealis obtains strong investment grade rating

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