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