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2006-04-23 News Headlines
Borealis strengthens plastics research hub Expertise of value creating plastics solutions, investments in infrastructure and skill development by Borealis to enhance innovation capabilities with international research.
In a move to boost its value creation through innovation strategy, Borealis
announces a decision to develop its Innovation Centre in Linz, Austria
into the centre of its international research activities. This is part
of a broader agreement with the government of Upper Austria which will
detail a package of measures and commitments by both parties resulting
in a significant strengthening of Upper Austria as a plastics industry
research hub in close cooperation with the Johannes Kepler University
(JKU) of Linz. Borealis will be increasing the number of employees at
its Linz Innovation Centre by around 80 and investing 25-30 million Euros
in facilities over the next five years. Borealis will also invest 6-7 million Euros in 2006 in new facilities and laboratories to create a single Innovation Centre building in Porvoo, Finland, to improve its effectiveness as the cornerstone of Borealis’ international catalyst and process research activities. Borealis intends to merge its two remaining Innovation Centres - in Bamble, Norway and Stenungsund, Sweden - into one Scandinavian Innovation Centre. Plans are also underway to establish an Innovation Centre in Abu Dhabi as part of the continued growth of Borealis with Borouge, its joint venture with the Abu Dhabi National Oil Company (ADNOC), in the Middle East and Asia-Pacific market. John Taylor, Borealis Chief Executive Officer, commented on the developments at a Press Conference in Linz recently: “Innovation is at the heart of our company today and will remain for the future. By building on our extensive expertise and know-how in polymer science and the development of value creating plastics solutions, these significant investments in infrastructure and skill development will further enhance our innovation capability to the benefit of our customers and customers’ customers. We look forward to working closely with our partners in Austria to make Linz an outstanding success as the centre of our international research activities for the long-term benefit of the plastics industry.” Dr. Gerhard Roiss, Chairman of Borealis’ Supervisory Board, stated: “The owners of Borealis - IPIC and OMV - share the passion for
innovation in plastics. The public-private partnership announced with
Borealis, the government of Upper Austria and JKU, is an important step
supporting the long-term competitiveness of the international plastics
industry.” Read a recent press release from Borealis about; 'Safe and looking good plastics solution provides a range of features that benefits the whole value chain, from parts moulder to Renault and ultimately the car user.'
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