Borealis completes acquisition DuPont’s Speciality Polymers Antwerp

Borealis completes acquisition of DuPont’s Speciality Polymers Antwerp

11:34 AM, 2nd September 2014
Borealis completes acquisition of DuPont’s Speciality Polymers Antwerp

VIENNA, AUSTRIA/ANTWERP, BELGIUM: Borealis, a leading provider in the fields of polyolefins, base chemicals and fertilizers, has completed the acquisition of DuPont Holding Netherland BV shares of Speciality Polymers Antwerp NV. Previously, Speciality Polymers Antwerp NV, located in Zwijndrecht (Antwerp, Belgium) was a joint venture between DuPont Holding Netherlands BV (67 per cent), Borealis Polymers NV and Borealis Kallo NV (together 33 per cent).

Under the new arrangement, DuPont will continue to serve the market with ethylene vinyl acetate and acrylate copolymers and Borealis will supply DuPont with ethylene vinyl acetate and acrylate copolymers from the Specialty Polymers Antwerp facility.

Borealis intends to fully integrate the new site and its employees into the Borealis organisation. The company will start the full integration of the site and its activities, a process in which safety and business continuity will be key.

“The acquisition of the full ownership of Speciality Polymers Antwerp is in line with our strategy to grow our polyolefin business in specific market areas. Acrylate copolymers, which are part of a broader portfolio of specialty polymers produced at Speciality Polymers Antwerp, are an important building block for our value-added products sold into our core Energy & Infrastructure market,” said Mark Garrett, Chief Executive, Borealis.

 

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


India, Japan to combat sickle cell anaemia

KYOTO, JAPAN: Indian Prime Minister Narendra Modi discussed cooperation with Japan to combat sickle cell anaemia that is prevalent in India’s tr ...

Read more
Samsung Engineering to merge with Samsung Heavy Industries

SEOUL, KOREA: Samsung Engineering Co Ltd, the largest engineering company in Korea has officially announced that it will merge with Samsung Heavy Indu ...

Read more
Researchers perform detailed analysis of hydraulic fracturing water

HOUSTON, US: Rice University scientists have performed a detailed analysis of water produced by hydraulic fracturing (aka fracking) of three gas reser ...

Read more
Fluor completes LS Power’s centinela solar energy facility contract in US

IRVING, US: Fluor Corporation has completed the engineering, procurement, construction and commissioning for both phases of LS Power’s new Centi ...

Read more
Albemarle, ICL collaborate for polymeric flame retardants

TEL AVIV, ISRAEL/BATON ROUGE, US: Albemarle Corporation and ICL have entered into an agreement to establish a manufacturing joint venture for the prod ...

Read more
Potential therapy may treat Sudan ebola virus in future

WASHINGTON DC, US: Ebola is a rare, but deadly disease that exists as five strains, none of which have approved therapies. One of the most lethal stra ...

Read more