What BEWi does

BEWI ASA (Euronext Oslo Børs: BEWI) is a Norwegian-founded, publicly listed manufacturer of expandable polystyrene (EPS), extruded polystyrene (XPS), and expanded polypropylene (EPP) packaging, insulation, and technical components. Founded in 1980 on Frøya island, the company has grown to approximately 3,000 employees operating ~76 production facilities across 35+ European countries, with a corporate office in Trondheim, Norway. Following ~30 acquisitions since 2014 — including the 2018 Synbra Holding merger that formed BEWiSynbra and the 2022 Jackon Holding acquisition — BEWI is now one of Europe's largest vertically integrated EPS producers.

The company's offering is organized into five segments: RAW (recycled EPS feedstock under the Circulum brand and the BioFoam plant-based polymer), Automotive & Components (EPP technical parts including HVAC and structural elements), Circular (collection and recycling of used EPS), Insulation & Construction (XPS/EPS boards, Jackoboard premium boards, and structural systems such as Silver Block), and Packaging (fish boxes, food/pharma packaging, and industrial protection). Underlying technology centers on foam molding and a closed-loop recycling network — 38,000 tonnes of EPS were collected across Europe in 2025 and reintroduced into production, supporting sustainability-validated products such as GreenLine XPS (≥50% recycled, up to 35% lower CO2) and Certified Recycled EPS (CREPS) fish boxes (30% lower carbon footprint).

Revenue is generated through B2B direct sales of one-time product purchases to enterprise customers across food packaging, construction, and automotive sectors, with FY2025 net sales of EUR 796.2 million (+3% YoY) and adjusted EBITDA of EUR 81 million (+12% YoY). Customers include Volvo (25% recycled EPP content in all vehicle models as of 2020), the Norwegian salmon industry, Thule Group, and major construction distributors across the Nordics, UK, Baltics, Central Europe, and Iberia. In 2025 the company raised NOK 896 million in a private placement, issued a EUR 250 million bond, acquired Unipol to form Europe's leading EPS raw material supplier, and divested its traded food packaging business, signaling a strategic shift toward higher-margin, sustainability-aligned insulation and circular operations.

Name

BEWi

Legal name

BEWI ASA

Website

https://bewi.com

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

11–50 employees

Short description

BEWI ASA is a Norwegian-listed European manufacturer of EPS, XPS, and EPP packaging, insulation, and automotive components, serving construction, food, and industrial customers across 35+ countries through ~76 production facilities and a vertically integrated recycling network.

Ownership category

akta.pro rank

Product category

Polymer-based Packaging and Insulation

NAICS

Polystyrene Foam Product Manufacturing (326140), Urethane and Other Foam Product (except Polystyrene) Manufacturing (326150), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252)

SIC

Plastics Foam Products (3086), Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820)

akta.pro primary industry

Foam Protective Packaging (EPS/EPE/EPP, PU, Molded Foam) (IMALAFAA)

akta.pro secondary industries

Polypropylene (PP) Foam Manufacturing (IMANAIAF), Styrenics (Styrene Monomer, PS, EPS, ABS) (IMAEADAE)

Keywords

• Expanded polystyrene packaging
• Thermal insulation products
• Polymer manufacturing solutions
• Protective foam components
• Polymer recycling services

Headquarters

HQ city

Tørring

HQ country

Denmark

HQ region

Europe

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Packaging Solutions: BEWI manufactures and sells EPS packaging products including fish boxes for seafood transport, food packaging for dairy and meat industries, pharmaceutical packaging, and industrial packaging solutions. Products protect goods during transport and storage with thermal and shock-absorbing properties.
2. Insulation & Construction: EPS and XPS insulation products for foundations, walls, roofs, and infrastructure projects. Products include structural systems (Silver Block, Poliblock), radiant floor insulation, and general construction insulation. Revenue is generated through product sales to construction companies and building material distributors.
3. Automotive & Components: Technical components manufactured from Expanded Polypropylene (EPP) for automotive manufacturers. Components include HVAC parts, structural elements, and technical molded parts that replace complex assemblies, reducing vehicle weight and improving fuel efficiency.
4. RAW Materials (Circulum): Production and sale of raw EPS material, including recycled content from the company's circular operations. Supplies both internal manufacturing needs and external customers seeking sustainable raw materials.
5. Circular/Recycling Services: Collection and recycling of used EPS materials across Europe. The company collects EPS from customers and partners, processes it through recycling facilities, and reintroduces it into production as recycled raw material.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

BEWi manufactures and supplies protective packaging, thermal insulation, and lightweight components made from expanded polystyrene (EPS), extruded polystyrene (XPS), and expanded polypropylene (EPP). The company operates a circular economy model that integrates recycled raw materials (Circulum) and bio-based alternatives (BioFoam) into its product lines, serving food, construction, automotive, HVAC, and pharmaceutical customers across Europe.

Product overview

BEWI offers a comprehensive portfolio of sustainable packaging, components, and insulation solutions organized across multiple divisions: Packaging & Components, Insulation & Construction, Automotive & Components, Circular, and RAW (raw materials). The product portfolio centers on expanded polystyrene (EPS) and extruded polystyrene (XPS) materials, along with expanded polypropylene (EPP) for technical applications. Key product lines include GreenLine (sustainable products with recycled content), Jackoboard® (acquired premium construction boards), BioFoam® (plant-based biopolymers), and Circulum® (recycled raw materials). The company operates a circular business model, collecting and recycling used EPS materials into new products through its Circular division.

Differentiator

Problem solved

Functional benefit

Products and services

• EPS Fish Boxes
• GreenLine Super EPS
• GreenLine XPS
• Terra XPS
• Jackoboard
• Jackoboard Aqua
• Poliradiante / Neoradiante
• Silver Block / Poliblock muro
• BioFoam

Quantifiable outcome

• Buildings insulated with EPS reduce energy consumption by up to 90%
• +5 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Tarjei BøminorGTM or Marketing Partner · 1 November 2022Partnership with Norwegian biathlon athlete Tarjei Bø, who serves as a BEWI ambassador representing the company's core values of responsibility, pride, stability, and quality. Bø has won multiple Olympic medals and world championships since 2006.

Scale indicators12 records

Recent moves13 records

Expansion highlights6 records

Broad incumbents

• Trinseo plc: US-listed producer of polystyrene, including EPS raw materials and engineered styrenics, operating upstream of BEWI's converting businesses while also competing in select downstream foam applications in Europe.
• Knauf Insulation: Division of the Knauf Group, producing glass and stone mineral wool plus EPS insulation across Europe, competing broadly with BEWI's insulation portfolio but with greater product breadth and a heavier weighting toward non-EPS chemistries.
• Saint-Gobain S.A. French-listed global construction-materials leader with broad insulation, plasterboard, and packaging offerings including historical EPS operations in France (acquired minority stake by BEWI in 2019). Competes broadly with BEWI in building envelope solutions but operates across many other categories as well.
• BASF SE: German-listed global chemical giant producing styrenics, polyurethane feedstocks, and engineering plastics, supplying the upstream raw materials BEWI consumes (styrene monomer, EPS expandable beads) while also competing in specialty foam systems.
• Ravago Group: Belgian-headquartered plastics compounder, distributor, and EPS recycler producing insulation and packaging products across Europe, comparable to BEWI in circular-economy positioning and insulation offering though with a much broader plastics distribution business.

Direct peers

• Armacell International S.A. Luxembourg-headquartered manufacturer of engineered foams (including polyolefin and PET-based foams) for industrial, HVAC, and automotive applications, directly comparable to BEWI's EPP-based automotive components and technical foam businesses.
• Trocellen GmbH: German/Italian manufacturer of cross-linked polyolefin foams (PE, PP) used in automotive, construction, and packaging — overlapping with BEWI's EPP-based automotive components and protective-packaging applications.
• Synthos S.A. Polish-headquartered manufacturer of expandable polystyrene (EPS) and XPS, and one of BEWI's largest direct European competitors across both insulation and packaging end-markets. Comparable scale, product overlap, and customer base in construction and packaging applications.
• Recticel NV/SA: Belgian manufacturer of polyurethane and other foam products serving insulation, automotive, and industrial markets across Europe, with overlapping product portfolios in rigid insulation and engineered foam components similar to BEWI's offering.
• Kingspan Group plc: Irish-listed global leader in insulated panels and rigid insulation boards including XPS and PIR, directly competing with BEWI's Insulation & Construction division in high-performance building envelope applications across Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@bewiplastimar
• Facebookfacebook.com/bewiplastimar
• LinkedInlinkedin.com/company/bewiplastimar
• Instagraminstagram.com/bewiplastimar
• Xx.com/jablite

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries16 records

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BEWi