21 Aug 2003
Borealis increases European polyolefins prices by EUR 150 per tonne
Borealis announced today that it will increase the price of its polyethylene and polypropylene plastics in Europe by EUR 150 per tonne as of September 1, 2003.
“In the second quarter polyolefin prices collapsed at an unprecedented rate while crude oil and naphtha prices remain at high levels," says David Rolph, Executive Vice President, Polyolefins Business Group. “This price increase is required to restore profitability to our European business in order to sustain investments, including in innovation and technology. Ongoing investment is necessary to continue the growth of polyolefins as a material of choice in our daily lives.”
Reader enquiries
Borealis
Borealis Head Office
IZD Tower
Wagramerstraße 17–19
A-1220 Vienna
Austria
Notes for editors
Borealis is a leading supplier of high-quality polyolefin plastics - polyethylene and polypropylene - producing over 3.5 million tonnes of these plastics per year. The Borealis head office is in Denmark and the Group has manufacturing sites and operations in Austria, Belgium, Brazil, Finland, Germany, Italy, Norway, Portugal, Sweden, the United Arab Emirates and the USA.
Borealis is owned 50% by the Norwegian oil company Statoil, 25% by IPIC, the International Petroleum Investment Company of Abu Dhabi and 25% by OMV, the Austrian oil and gas group.
Borstar is a registered trademark of Borealis A/S, Denmark.
Learn more about Borealis at www.borealisgroup.com
Editorial enquiries
Annette Risberg -
Group Communications
Borealis
annette.risberg@borealisgroup.com
Paulien Boumans
EMG