Borealis announces R$18 million investment in Brazil
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Borealis will invest R$ 18 million in the acquisition of a new extrusion line to enlarge its Itatiba (SP) plant. Borealis has two production units in Brazil located in Itatiba (SP) and Triunfo (RS). The investment, which will serve the automotive and appliances markets, will increase the polypropylene (PP) compounding capacity of the plant by 11,000 tonnes per annum and is due for completion in mid-2008.
According to José Sarmento, Managing director of the company, "This investment reflects the commitment of Borealis to the Brazilian market, and reflects our responsiveness to meet our customer's increasing requests for PP compounds in the automotive sector. In addition to serving the Brazilian market, we aim to enhance our service to customers in Argentina".