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Grace and Borealis sign catalyst agreement

April 07/2010

April 7 (marketwatch) -- W. R. Grace & Co. today announced a new multi-year agreement to supply polypropylene catalysts to Borealis AG, a leading provider of chemical and innovative plastics solutions. Financial terms were not disclosed.

 

The catalysts are used in the production of polypropylene, a plastic polymer that is a versatile substitute for wood, metal, glass and other plastics. Grace polypropylene catalysts are used to make specialty plastics for applications in automobile parts, household appliances and consumer product packaging.

 

"This agreement is a reflection of our ongoing strategic direction to expand into the polypropylene catalyst segment through greater collaboration with a technology leader," remarked Tony Dondero, Vice President and General Manager of Grace Davison Specialty Catalysts and Process Technologies. "We are working together to meet the growing demands for this versatile polymer."

 

"Borealis is an established industry innovator and we are extremely pleased to continue to expand our relationship," commented Greg Poling, Vice President of W. R. Grace & Co. and President of Grace Davison. "We look forward to developing new and next generation catalyst technologies and greater manufacturing capabilities with them."

 

mrcplast.com

Grace and Borealis sign catalyst agreement

MRC Reference

Borealis. The share in the Russian market in 2008:

 polyethylene - 4.1% (including HDPE - 4.7%, LLDPE - 8.7%);
 polypropylene - 3.2% (PP-impact - 7.5%).

 

Annual sales growth in Russia over the last 5 years:
 polyethylene - 11%;
 polypropylene - 6%.

 

Leader in polymers processing technologies:
 extrusion coating;
 cable extrusion;
 injection molding.


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