Back to News

Restructuring initiatives announced for Borealis in Europe

Borealis announces that it will reorganize its manufacturing operations in Bamble, Norway, within the framework of lean manufacturing. The aim is to further increase our European asset competitiveness and profitability of the plant.

In addition, Borealis considers phasing out its research and development activities in Norway, and to focus and speed up its innovation capability in Austria, Finland and Sweden, as well as at the planned Borouge innovation center in Abu Dhabi, in the United Arab Emirates. This supports the expansion of Borealis' business towards the Middle East and Asia.

The company also intends to move its business management currently situated in Mechelen, Belgium, to its head office in Vienna, Austria. The consolidation of management in one location will improve coordination and effective implementation of the company's strategy.

"We are committed to our 'Value Creation through Innovation' strategy," confirms John Taylor CEO Borealis. "At the same we develop innovative, value creating plastics solutions together with our customers, we must continue to reduce complexity and improve our cost-competitiveness to achieve our full potential."

END

Media Contact
Group Media desk
Virginia Wieser, Lena Lehner
+43 1 22 400 899 (Vienna, Austria)
media@borealisgroup.com

Latest News

Media Release – 09/04/2024

Borealis invests EUR 4.5 million in Porvoo steam cracker, enabling increased share of circular raw materials used in production

Read more

Media Release – 02/04/2024

Borealis further expands its advanced mechanical recycling capacity with closing the acquisition of Integra Plastics AD

Read more

Media Release – 28/03/2024

FDA clears Borealis’ Borcycle™ M recycled plastics for use in food-grade packaging

Read more

News – 27/03/2024

Update on the Kallo Case

Read more

Media Release – 26/03/2024

Borealis and AKVA group launch groundbreaking Polarcirkel™ workboat hull crafted from renewable feedstock-based plastic

Read more

News – 22/03/2024

Annual Report 2023 published

Read more

Media Release – 20/03/2024

Project STOP marks further major milestones in 2023 and makes significant progress in the Project STOP Banyuwangi Hijau expansion program

Read more

Media Release – 19/03/2024

Borealis once again ranked first among top applicants in the European Patent Index 2023 in Austria

Read more

Media Release – 15/03/2024

CEO Thomas Gangl to leave Borealis

Read more