2014-2016 Exhibitions
Austria-based Borealis, a leading provider of polyolefins, base chemicals and fertilisers, is buying up DuPont Holding Netherlands’s 67% shareholding in Speciality Polymers Antwerp NV. Located in Zwijndrecht (Antwerp, Belgium), the latter is a joint venture between DuPont Holding Netherlands BV (67%), Borealis Polymers NV and Borealis Kallo NV (together 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, Borealis Chief Executive. “Acrylate copolymers, which are part of a broader portfolio of speciality polymers produced at Speciality Polymers Antwerp, are an important building block for our value-added products sold into our core Energy & Infrastructure market.”
Under the proposed arrangement, DuPont will continue to serve the market with ethylene vinyl acetate (EVA) and acrylate copolymers produced at the Speciality Polymers Antwerp facility. The transaction is subject to approval by the relevant competition authorities and will be presented to the employee representatives concerned.
(PRA)
