Borealis Announced to Acquire mtm Plastics and mtm Compact
Europe: Borealis, one of the leading
providers of innovative and novel solutions, which deals in base chemicals,
polyolefin and fertilizer business has announced to acquire the mtm plastics, a
plastic recycler. Mtm Plastics which based in Germany, is specialized in
producing post-consumer polyolefin recyclates and recycling the post-consumer
plastic waste. A great business opportunity within a broader
sustainability agenda has been provided by plastic recycling in a developing
market as disposal of plastics in landfills is too prized.
TechSci Research depicts that
acquisition of the mtm plastics and mtm compact is expected to strengthen the business
of Borealis by mechanically recycling the post-consumer waste and thereby
tackling the major global challenges in the country. This would aid the company
to reflect their dedicated and pro-active approach towards recycling of plastic
wastes.
According to a recent report published by TechSci Research, “QatarPlasticizers Market By Type, By Application, Competition Forecast and
Opportunities, 2011-2021”, market for plasticizers in Qatar is
projected to growth at a CAGR of 9.75% during 2016 - 2021. Expanding packaging
industry in the country is expected to augment demand for plasticizers from
films & sheets industry in the coming years. In addition, increasing
construction of modern structures involving use of PVC based flooring, roofing
and wall covering, along with construction of stadiums for FIFA World Cup 2022,
is expected to boost consumption of plasticizers in the construction sector
through 2021. Demand for plasticizers
from pipes & fittings industry is also expected to escalate due to increase
in government expenditure on drainage systems in the urban & semi urban
regions of Qatar.