Borealis to continue focus on providing innovative, value creating plastics solutions.
Borealis recently announced a change in ownership to 65% by the International Petroleum Investment Company (IPIC) of Abu Dhabi and 35% by OMV Aktiengesellschaft, Austria's oil and gas company.
This change has resulted in a decision to move Borealis' head office from Copenhagen (Denmark) to Vienna (Austria) by summer 2006.
There will be no changes for customers linked to this move. Borealis will continue to focus on providing innovative, value creating plastics solutions.
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Borealis and Borouge are leading providers of innovative, value creating plastics solutions. With more than 40 years of experience in polyolefins and using our unique Borstar® technology, we focus on the infrastructure, automotive and advanced packaging markets across Europe, the Middle East and Asia. Our production facilities, innovation centres and service centres work with customers in more than 170 countries to provide the materials that make an essential contribution to society and sustainable development. We are committed to the principles of Responsible Care® and to leading the way in 'Shaping the Future with Plastics'™.
For more information on Borealis and Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company, visit www.borealisgroup.com and www.borouge.com.
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Group Media Desk
+43 1 22 400 899 (Vienna, Austria)