Certified rotational molding material out of the Nordic Chemical Business
Polyolefins giant BorealisAG company confirmed that in the end of March 2010 to stop production at all levels of the rotational molding resins.
The company said in a statement, will be March 31 to terminate all of the rotational molding operations. In addition, its built in Belgium, Beringen high-density polyethylene plant is also scheduled that day off, the company has a portfolio of most of the rotational molding resins are produced by the plant.
It was reported that prior to rotational molding business in a comprehensive review, the company made the decision to withdraw from the area. Borealis sources within the company in November had "European Plastics News" said, its rotational molding business may face a variety of outlets, including the sale, but the Borealis, a company spokesman confirmed today that the company will exit the part of the business.
The company said in a statement by the impact of recent economic development in Europe, forced the rotational molding industry to shift to a strong sense of cost-cutting and shrinking end-user market.
Borealis, vice president of the company's molding division Roels said: "Although the Borealis company to continue in this highly competitive market, to maintain excellent technical strength, but for now the restrictions on production possibilities, it is difficult for all of our customers and create value-added . "
Roels said the company will continue in the next three years, the supply of products to customers until they find new sources of supply. Despite all the rotational level products will cease by the end of March next year, the company said, and they will build some inventory for new sources of resin in the certification period for clients to protect the normal production.
Borealis's rotational product portfolio includes Borcene and Borplus resin level.
The company declined to disclose its rotational molding operations in recent years the amount of specific revenue or size, but it is understood in Europe than in the peak market share of 40% significantly decreased.
Polyolefins giant BorealisAG company confirmed that in the end of March 2010 to stop production at all levels of the rotational molding resins.
The company said in a statement, will be March 31 to terminate all of the rotational molding operations. In addition, its built in Belgium, Beringen high-density polyethylene plant is also scheduled that day off, the company has a portfolio of most of the rotational molding resins are produced by the plant.
It was reported that prior to rotational molding business in a comprehensive review, the company made the decision to withdraw from the area. Borealis sources within the company in November had "European Plastics News" said, its rotational molding business may face a variety of outlets, including the sale, but the Borealis, a company spokesman confirmed today that the company will exit the part of the business.
The company said in a statement by the impact of recent economic development in Europe, forced the rotational molding industry to shift to a strong sense of cost-cutting and shrinking end-user market.
Borealis, vice president of the company's molding division Roels said: "Although the Borealis company to continue in this highly competitive market, to maintain excellent technical strength, but for now the restrictions on production possibilities, it is difficult for all of our customers and create value-added . "
Roels said the company will continue in the next three years, the supply of products to customers until they find new sources of supply. Despite all the rotational level products will cease by the end of March next year, the company said, and they will build some inventory for new sources of resin in the certification period for clients to protect the normal production.
Borealis's rotational product portfolio includes Borcene and Borplus resin level.
The company declined to disclose its rotational molding operations in recent years the amount of specific revenue or size, but it is understood in Europe than in the peak market share of 40% significantly decreased.
Borealis, a company spokesman said: "Now Europe is obviously not our biggest market. Right now the market share of our business there are too many complex factors. This part of the business will no longer have economic benefits."
This decision will bring the European rotational molding industry, the greatest impact. Borealis company said sales in North America and Asia "very limited", said to its Borouge joint venture business development in the Middle East has seen improvement in rotational molding.
Borealis, a company spokesman said the termination of rotational molding operations will not result in further layoffs in the company.
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