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2006-03-11 News Headlines

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Borealis increases plastics prices for automotive and appliances businesses

Plastics provider Borealis announces an increase of the price of its polypropylene used in automotive and appliances applications in Europe by EUR 150 per tonne as of April.

Borealis is a leading innovative provider of plastics solutions in polyethylene (PE) and polypropylene (PP) production. Borealis supplies plastics solutions for such products as advanced food packaging, medical devices, distribution pipes, automotive parts, power cables and appliances.

“Over the last two years, we have experienced a structural shift in the cost from oil-based feedstock which has only been partly passed through the value chain. The announced price increase is necessary to keep Borealis’ automotive and appliances businesses profitable and to ensure future investment in innovation to create value-added solutions for our customers and original equipment manufacturers,” according to Paul Turner, Vice President Business Unit Engineering Applications, Borealis.

With an in depth understanding of the value chain and a focus on customer needs, Borealis provides innovative, value creating PP solutions with optimum performance for appliances and interior, exterior and under the bonnet automotive applications.

The polypropylene price changes will take place on April 1, 2006.

Find information about Borealis Group.

Read another recent Borealis press release. 'Innovative provider of plastics solutions Borealis AS has agreed to close their Scandinavian high density polyethylene plant in Norway affecting some 100 workers.'

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