Borealis: EUR 90 million investment to further develop its polypropylene business
Borealis, a leading provider of innovative, value creating plastics solutions, will invest EUR 25 million to expand the capacity of its PP
plant in Porvoo, Finland, by 65,000 tonnes per annum (tpa) to 220,000 tpa by the end of 2008. The increased capacity will meet rapidly growing customer demand for innovative plastics solutions in the pipe and advanced packaging markets and better supply the developing Russian market.
Borealis will also invest EUR 35 million to create a four-reactor configuration at its Borstar® PP plant in Schwechat, Austria, to support
the production of superior materials that meet the needs of the automotive, pipe and advanced packaging industries. The plant is well
positioned to take advantage of the expanding automotive markets in Central and Eastern Europe. The additional gas phase reactor will be operational during 2009.
In addition, Borealis will invest EUR 30 million in a four-reactor Borstar PP pilot plant at Schwechat that will strengthen the company’s ability to readily develop innovative, advanced multimodal PP solutions. The pilot plant will be completed in 2009.