Borealis celebrates opening of mtm plastics GmbH investing EUR 15 million

MTM PlasticsBorealis with head office in Vienna, Austria is a leading company offering innovative solutions in the fields of polyolefins, base chemicals, and fertilizers. Borealis celebrated the opening of an EUR 15 million investment project in mtm plastics GmbH. Located in Niedergebra mixed, Germany, mtm plastics GmbH is an acknowledged technology leader in the field of recycling of post-consumer plastic waste.

The company is one of Europe’s largest producers of post-consumer polyolefin recyclates.  Borealis has also planned to make an additional investment of 2.5 million euros during the year in environmental protection and capacity expansion of mtm compact, a sister company in Fürstenwalde. The mtm plastics GmbH and mtm compact GmbH are part of Borealis after their take over in July 2016.

The new investments will enable to increase the overall processing capacity from 60kt to 80 Kt as well as a partial expansion of the existing equipment to meet the needs of the high-end market of re-granulates.

Alfred Stern, CEO designate of Borealis, said, “This investment in our mechanical recycling capabilities at mtm is key in realizing our growth ambitions in the circular economy, and it underlines our continuing commitment to mtm. We need stepwise expansion projects to minimize down time, but also need to maintain existing facilities and business.”

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals, and fertilizers, operates in more than 120 countries.

Borealis’s sales revenue and net profit were EUR 1,095 million in 2017. 64% shares of the company are with Mubadala, and the balance 36% belong to Austria-based OMV, an integrated, international oil, and gas company.

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