Consolidation of management will improve coordination and effective implementation of the company’s strategy.
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."
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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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