Borealis is considering the closure of its 110,000 tonnes a year HDPE plant at Bamble, in Norway.
It will make a firm decision on 13 March at an extraordinary meeting. Shutting the plant would affect around 100 of the company’s 500 employees in Norway.
The company says that the Bamble unit, built by Statoil in 1979 with initial capacity of 50,000tpa, is the least competitive in the group and has been loss making for several years.
Significant capacity increases in the Middle East are a further challenge for the business in an HDPE market which Borealis says is one of the toughest to be in.
The Bamble HDPE unit, located alongside LDPE and PP plants, supplies primarily the blow moulding and rotomoulding markets.
