Project STOP marks further major milestones in 2023
Project STOP has significantly impacted three Indonesian locations to date, including the implementation launch of the scale-up program Project STOP Banyuwangi Hijau.
Project STOP has significantly impacted three Indonesian locations to date, including the implementation launch of the scale-up program Project STOP Banyuwangi Hijau.
The Supervisory Board of Borealis and Thomas Gangl have come to a mutual agreement regarding a termination of Thomas Gangl’s mandate as CEO of Borealis AG, as well as the related employment contract effective June 30, 2024.
The polyolefin market in Poland has slowed down in H2 of the month. The market continues to experience shortages of certain goods, including PP homo, copolymer and LDPE.
Polymers pioneer and innovator is now accelerating the industry transition to circularity. Borealis embodies ver-expanding global footprint, consistently customer-centric approach and dedication of Company’s people
Despite the lack of some materials in the market, there is no panic or increased purchasing activity from converters who buy raw materials only as needed.
Borealis ranked as the top Austrian innovator in the European Patent Index 2023, building on a long history of ranking among the top innovators in the annual index.
Polymers pioneer and innovator is now accelerating the industry transition to circularity. Borealis embodies customer-centric approach and strong growth trajectory thanks to the dedication of its people.
Polish processors are benefiting from the relative stability of the market and are stocking up on raw materials ahead of the expected price increase in March.
High prices and low supply persist in the polyolefin market. Some players stocked up at the beginning of the month, observing a steady rise in prices and material shortages, while others are holding back in the hope of a change in trend.
According to market players, converters are making cautious purchases this month. Most large manufacturers of finished products bought more material in January ahead of the anticipated price increase.
Due to low demand and the ability of some converters to wait out February without making purchases, almost all polyolefin producers have reduced the amount of raw materials available for sale.
In the first week of February, demand and prices for polyolefins are increasing, while stocks of materials are proving insufficient.