Borealis By valentip83 Jan 1, 1994 Merger - Formation of Borealis Aug 1, 1994 Value For Money Program - Launched Jan 1, 1995 Poor performance recorded Market slowdown Period: Apr 1, 1995 to Jan 1, 2001 VFM Program 4 Tools- Initiated by Bjarte Bogsnes Dec 28, 1995 VFM Goal Exceeded by $100 million Jan 1, 1998 Neste sold 50% of Borealis share Mar 1, 1998 Bjarte Bogsnes new assignment to VP of HR Jan 1, 2000 First licensee of Borstar Technology