20 Feb 2004
Borealis increases European polyolefins prices by EUR 100 per tonne
Borealis announced today that it will increase the price of its polyethylene and polypropylene plastics in Europe by EUR 100 per tonne as of March 1, 2004.
“This price increase is required to sustain our investments in innovation and technology”, says David Rolph, Executive Vice President, Polyolefins Business Group.
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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