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Borealis announces price hikes for all polyethylene and polypropylene grades

January 21/2010

January 21 (plastemart.com) -- Following Ineos Nova and BASF, Borealis has announced plans to increase all polyethylene and polypropylene prices by ?100/ton with effect from 25 January. With this price hike decision, the Austrian major will become the third plastics manufacturer to raise prices since the beginning of 2010, as per packagingnews.co.uk. Need to restore margins and stay in line with our innovation strategy has prompted this price hike.
 
About two weeks ago, Ineos Nova announced plans to increase polystyrene prices by ?185/ton to cover feedstock increases. A few days ago, BASF"s decided a ?150/ton price hike in Europe for its Styrolux polymers due to rising raw material, energy and transport costs.
 



       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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