Borealis, a leading provider of chemical and innovative plastics solutions, and Nexeo Solutions, a global leader in plastics distribution, announced today that they have signed a distribution agreement to offer Bormed(TM) products, dedicated to healthcare applications in North America.
Nexeo and Borealis' partnership began through Nexeo's acquisition of Ashland. Ashland had been distributing Borealis produced polypropylene (PP) and polyethylene (PE) in Europe over the last 15 years. The distribution agreement has been expanded to include new products such as Borealis' Borstar® PP and PE solutions. Currently, Nexeo Solutions distributes 500+ Borealis products to over 3,000 customers throughout Europe. These solutions mainly serve the advanced packaging market but also include the automotive, healthcare and infrastructure sectors.
The partnership's continued success has been the result of notable improvements including the centralisation and automation of transactional processes and the improved alignment of marketing activities.
Building on this experience, the two companies are looking forward to providing premium products and service to customers in the USA.
"Nexeo Solutions is ready to expand the relationship from Europe to USA and offer the Bormed(TM) materials as part of our dedicated, high-quality healthcare portfolio," said Jim Harris, Nexeo Solutions Vice President of Product Management. "Nexeo Solutions has a strong strategic commitment to the global healthcare market. This will strengthen our capability to provide targeted winning solutions to our medical device manufacturing and processing customers that value service of a consistent product specification between the continents."
"Building on a strong partnership in Europe, we look forward to extending our distribution agreement with Nexeo in North America. By leveraging their extensive local knowledge of the healthcare customer requirements, we will be able to increase the presence of our Bormed products in the healthcare segment," added Alfred Stern, Borealis Executive Vice President Polyolefins.
Borealis is a leading supplier of innovative products and solutions for the healthcare industry. As reliable partner, we help partners to advance their applications and meet their needs for lightweight, aesthetic, processing and convenience-related solutions thanks to over 30 years of experience. Borealis offers an ever expanding portfolio of dedicated global products, including the Bormed polyolefins range, security of supply and technical support for the specialized and strict requirements of the market. Taking on today's challenges, we focus on high quality and long-term commitment, by providing superior technical performance for medical devices, pharmaceuticals and diagnostic packaging.
About Nexeo Solutions
Nexeo Solutions is the only global plastics distributor with a centralized business model. The company provides broad logistics capabilities, in-depth market knowledge and dedicated technical expertise. As a private company employing more than 2200 employees with operations across North America, Europe and Asia, Nexeo Solutions is a leading distributor in chemicals, plastics, composites and environmental services. Learn more at www.nexeosolutions.com.
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Borealis and Borouge
Borealis is a leading provider of chemical and innovative plastics solutions that create value for society. With sales of EUR 7.1 billion in 2011, customers in over 120 countries, and around 5,300 employees worldwide, Borealis is owned 64% by the International Petroleum Investment Company (IPIC) of Abu Dhabi and 36% by OMV, the leading energy group in the European growth belt. Borealis is headquartered in Vienna, Austria, and has production locations, innovation centres and customer service centres across Europe and the Americas.
Through Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company (ADNOC), one of the world's major oil and gas companies, the company's footprint reaches out to the Middle East, Asia Pacific, the Indian sub-continent and Africa. Established in 1998, Borouge employs approximately 1,700 people, has customers in more than 50 countries and its headquarters are in Abu Dhabi in the UAE and Singapore.
Building on Borealis' unique Borstar® technology and their more than 50 years experience in polyolefins, Borealis and Borouge provide innovative, value creating plastics solutions for the infrastructure (pipe systems and power and communication cables), automotive and advanced packaging markets. In addition, Borealis offers a wide range of base chemicals from melamine and fertilizer to phenol and acetone.
Today, Borealis and Borouge have a manufacturing capacity of over 5.4 million tonnes of polyolefins (polyethylene and polypropylene) per year having recently completed a 1.5 million tonne capacity expansion in Abu Dhabi. The Borouge 3 plant expansion will be completed at the end of 2013 with a further capacity of 2.5 million tonnes per year (t/y) being fully operational in mid-2014. The companies continue to invest to ensure that their customers throughout the value chain and across the globe can always rely on product quality, consistency and security of supply.
Borouge and Borealis are committed to the principles of Responsible Care® and proactively contribute to addressing the world's water and sanitation challenges through their Water for the World(TM) initiative.
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