Borealis to exit rotomolding business
Canadian PlasticsEconomy Plastics Industry Economic Changes/Forecast
Polyolefins supplier Borealis has announced plans to withdraw all activities for the rotational molding resins...
Polyolefins supplier Borealis has announced plans to withdraw all activities for the rotational molding resins business by March 31, 2010.
This is also the scheduled date for closure of the company’s HDPE plant at Beringen in Belgium, where it produces a large part of its rotational molding resin portfolio.
In a statement, the company said that the decision is the result of changing market drivers within the sector. “Despite Borealis’s continued demonstration of outstanding technical performance in this competitive market, limited current production possibilities are preventing us from creating the added value we aim to give all our customers,” said Wim Roels, vice president of the company’s molding division.
Roels also said the company will provide continuity of supply to customers over the next three months as they secure alternative sources of supply.