110,000 tonnes per year plant to close in 2006.
In a meeting today, the Board of Borealis AS agreed to close the Borealis high density polyethylene (HDPE) plant in Bamble, Norway. The Board recommends that the Supervisory Board of Borealis AS concludes to close the 110,000 tonnes per year plant in 2006.
"Our aim is to now focus on improving the competitiveness of our low density polyethylene (LDPE) and polypropylene (PP) plants in Bamble in synergy with the total operations of hub Scandinavia and on cost competitive feedstock opportunities in the region. This is a further step by Borealis to strengthen its European operations," says Roy Vardheim, General Manager, Borealis Scandinavia.
The closure of the HDPE plant will affect around 100 employees at the location.
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Borealis and Borouge are leading providers of innovative, value creating plastics solutions. With more than 40 years of experience in polyolefins and using our unique Borstar® technology, we focus on the infrastructure, automotive and advanced packaging markets across Europe, the Middle East and Asia. Our production facilities, innovation centres and service centres work with customers in more than 170 countries to provide the materials that make an essential contribution to society and sustainable development. We are committed to the principles of Responsible Care® and to leading the way in 'Shaping the Future with Plastics'™.
For more information on Borealis and Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company, visit www.borealisgroup.com and www.borouge.com.
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