MOSCOW (MRC) -- The South American operations of global automotive manufacturers and OEMs are being even better served thanks to increased Borealis activity in the region, principally through the expansion of the plant in Itatiba, near Sao Paulo, Brazil, reported the company on its site.
This EUR45 mln project involves the construction of an additional production building, two state-of-the-art PP compounding extruders, blending and raw material silos, warehouse facilities and a bagging line.
In addition, extensive upgrading of utility and water systems is being carried out. With nearly 80% of the construction project concluded, the commissioning and start-up plan has already commenced.
The improved plant is scheduled to go 100% on stream during the fourth quarter of 2014 and its output will significantly augment current annual production in Brazil of high-performance, high-quality PP compounds.
Consequently, Borealis will be able to better serve growing regional market demand and pursue new opportunities in pioneering applications in the automotive industry and beyond.
"Our Itatiba expansion is a clear indication of Borealis’ commitment to becoming the leading supplier to the South American automotive industry," explains Jost Eric Laumeyer, Borealis Global Marketing Manager Engineering Applications. "As we grow our asset footprint in South America, our expansion efforts will help solidify our current partnerships whilst at the same time enabling us to seek out additional opportunities in cooperation with new global partners."
As MRC informed previously, Borealis AG is buying out DuPont Co.’s two-thirds share in their Specialty Polymers Antwerp NV joint venture. No purchase price was disclosedl. Wilmington, Del.-based DuPont will continue to sell ethylene vinyl acetate (EVA) and acrylate compolymers made at the JV’s plant, which is in Zwijndrecht, Belgium.
Vienna-based Borealis is a leading producer of polyolefins, base chemicals and fertilizers. The firm posted sales of more than USD10 billion in 2013. Borealis is majority-owned by state-owned International Petroleum Investment Co. of Abu Dhabi. IPIC also owns North American ethylene and polyethylene producer Nova Chemicals and Middle Eastern petrochemicals firm Borouge.