Borealis Launches Mobility Business Unit
Borealis AG, Vienna, Austria, a leading provider of innovative, value creating plastics solutions, is launching a new business unit dedicated to future development of its automotive business. The Business Unit Mobility, which came into being on January 1, will be led by Harald Hammer, previously Chief Executive Officer of Borouge Marketing Company, a Borealis joint venture based in Singapore.
The new business unit will also incorporate Borealis’s battery application business.
Borealis is already building up its manufacturing capability to serve the automotive industry. Borouge, which serves the Middle East and Asia, is currently building a Compound Manufacturing Unit (CMU) in Shanghai, capable of producing 50,000 tonnes of polyolefin compounds each year for use in automotive as well as domestic appliance, power tool and electrical applications.
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