Borealis announced Monday that it has completed the
acquisition of DuPont's shares of the Speciality Polymers
Antwerp joint venture.
Previously, Speciality Polymers Antwerp, located in
Zwijndrecht (Antwerp, Belgium), was a joint venture between
DuPont (67%) and Borealis (33%).
"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", says Mark Garrett,
"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 and infrastructure
market," he added.
Under the new arrangement, DuPont will continue to serve the
market with ethylene vinyl acetate (EVA) and acrylate
copolymers and Borealis will supply DuPont with ethylene
vinyl acetate (EVA) and acrylate copolymers from the
Specialty Polymers Antwerp facility.
Borealis says it intends to fully integrate the new site and
its employees into the Borealis organization. The company
will start the full integration
of the site and its
activities, a process in which safety and business continuity
will be key, according to company officials.