BEWI – a stable and reliable provider of raw material, packaging, components, and insulation solutions15-03-2021
BEWI – a stable and reliable provider of raw material, packaging, components, and insulation solutions
BEWI today provides a business update on the implications of the current market situation related to the European shortage of the raw material styrene. Being one of the largest, as well as one of the few integrated, providers of EPS raw material, packaging, components, and insulation solutions in Europe, BEWI is well-positioned to maintain deliveries to its customers despite the challenges experienced in the European market.
“Our integrated business model, including both production of raw material and end products, combined with our procurement strategy, enable us to maintain deliveries to customers,” says Jonas Siljeskär, COO in BEWI ASA. “Although the current raw material situation is challenging to our industry, it is important for us to be a reliable and trustworthy partner to our customers,” Siljeskär continues.
BEWI’s procurement strategy is constructed to safeguard deliveries to customers and to secure a stable supply of raw material. However, the current shortage of styrene, the main raw material for expanded polystyrene (EPS) in Europe, is impacting the prices.
“Backed by our multiple suppliers, various contract structures, as well as long and close relations, we are well equipped to handle this situation. Our vertically integrated and diversified business model is once again proving resilient, and we have secured a stable supply of both virgin and recycled material,” Siljeskär continues.
For further information, please contact:
Charlotte Knudsen, Director of IR and Communications BEWi ASA, tel: +47 9756 1959
Jonas Siljeskär, Chief Operating Officer BEWI ASA, tel: +46 70 600 37 06
About BEWI ASA
BEWI is an international provider of packaging, components, and insulation solutions. The company’s commitment to sustainability is integrated throughout the value chain, from the production of raw materials and end goods, to recycling of used products. With a vision to protect people and goods for a better every day, BEWI is leading the change towards a circular economy.
BEWI ASA is listed at the Oslo Børs under ticker BEWI.