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09-04-2020

Borealis Completes Akquisition of DYM Solution

South Korean Compounder Broadens Portfolio

Headquarter and Smart Factory of DYM Solution Co. Ltd near Seoul/South Korea (© DYM Solution)

Headquarter and Smart Factory of DYM Solution Co. Ltd near Seoul/South Korea (© DYM Solution)

Borealis announces that it has successfully acquired a controlling stake in South Korean compounder DYM Solution Co. Ltd. The acquisition solidifies Borealis’ position as a partner of choice for global wire and cable customers, helping to meet the growing needs and requirements of the wire and cable industry today and in the future.

Based in Cheonan South Korea, DYM Solution Co. Ltd. was founded in 1992 and is a provider of compound solutions for the global wire and cable industry. It specialises in semi-conductive, halogen-free flame retardant (HFFR), rubber and silane cured compounds.

Improved Service

With this investment, Borealis extends its global wire & cable asset footprint, hereby embodying its mission of Bringing Energy All Around. Borealis will broaden its extensive and sophisticated portfolio, with complementary products and technologies for semi-conductive, flame retardant, rubber and silane cross-linkable compounds.

The acquisition enables Borealis and Borouge to better serve their customers by:

  • offering an immediate capacity increase to further secure the product supply;
  • geographically extending the asset footprint and supply base, enabling more local service in the region;
  • building upon Borealis’ broad and sophisticated portfolio with DYM’s complementary products and technologies – thereby increasing the offering to the market; and
  • improving the full system offering to better meet the growing market requirements for longer lifetime cables.

Energy Sector offers Growth Opportunities

“Decarbonisation of the energy sector is creating substantial growth opportunities for the global wire and cable industry. Borealis and Borouge remain committed to assist our customers around the world with the most complete offering to enable this Energy transformation The DYM acquisition will complement our offering to better serve our clients,” says Lucrèce Foufopoulos, Borealis Executive Vice President Polyolefins, Innovation and Circular Economy Solutions.

“We see Borealis as a reliable and strong partner with an excellent track record for innovation and customer service and are very happy that the transaction has been successfully concluded. We look forward to our common future activities and have already identified potential future opportunities for growth enabled by the transaction. In other words, the deal will allow DYM Solution to secure a world-class method of compound production and to significantly expand its capabilities through continuous and organic cooperation with Borealis, and to provide services that far exceed customer requirements in the Wire and Cable industries. Therefore, the combination of DYM Solution and Borealis has the potential to serve the wire and cable customers around the world even better,” says DYM Solution Chief Executive and founder Mr. Park.

Additional information
  • 07-07-2020

    United in Sustainable Face Mask Initiative

    Borealis and paper republic Collaborate

    Borealis and paper republic, a Vienna-based stationery brand, have teamed up in a social business initiative, named mask republic, for the production of sustainable and reusable face masks.   more

  • 06-12-2020

    Borealis with New Vice President Innovation & Technology

    Erik van Praet Succeeds Maurits van Tol

    Borealis announces the appointment of Erik van Praet as Vice President Innovation & Technology effective 1 April 2020. Erik van Praet succeeds Maurits van Tol   more

  • 01-15-2020

    Borealis to Acquire Interest in Novealis Joint Venture

    The Transaction Is Expected to Close in the First Half of 2020

    Borealis and Nova Chemicals have reached an agreement for Borealis to buy Nova Chemicals’ ownership interest.   more

  • 05-14-2019

    Circular Economy at a Glance

    OMV and Borealis Examine Post-Consumer Recycling

    The chemical companies are taking a joint step in the direction of chemical recycling of post-consumer plastic waste.   more

  • Published in Kunststoffe international 2019/05

    Good Flowability for Medical Technology and Diagnostics

    Polypropylene Copolymer Bormed BJ868MO

    Novel medical and diagnostic devices are becoming more portable, smaller, and in some cases can be operated by patients themselves. At the same time, regulation of medical and diagnostic devices is becoming more stringent. A new propylene with tailored properties meets the requirements and is offered with extensive quality and change management.   more

    Borealis AG

  • 10-31-2018

    Borealis Quadruples Recycled Plastics Volume

    Global Commitment to Eliminate Plastic Pollution

    Borealis commits to increase its recycled plastics volume by more than fourfold by 2025. The framework for this is the initiative "A line in the sand" of the New Plastics Economy.   more

Company profile

Borealis AG

IZD Tower
AT 1220 WIEN
Tel.: +43 1 22400-302
Fax: +43 1 22400-333

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