Company Overview of Borealis AG
Borealis AG provides chemical and plastics solutions for the infrastructure, automotive, and packaging markets worldwide. It operates in Polyolefins and Base Chemicals segments. The Polyolefins segment offers polyolefin compounds for the wire and cable industry for use in low, medium, high, and extra high voltage energy transmission and distribution cables; data and communication cables; and building and automotive wires and cable products. It also provides materials for polyolefin pipe systems used in water and gas distribution, waste water and sewage disposal, rainwater management, chemical and industrial pipelines, and in-house plumbing and heating, as well as pipe coating solutions for o...
Wagramer Strasse 17-19
Key Executives for Borealis AG
Chairman of Executive Board and Chief Executive Officer
Chief Financial Officer and Member of Executive Board
Executive Vice President of Operations and Member of Executive Board
Executive Vice President of Base Chemicals and Member of Executive Board
Executive Vice President of Polyolefins & Innovation & Technology and Member of Executive Board
Compensation as of Fiscal Year 2014.
Borealis AG Key Developments
Borealis Signs Financing Agreement with BNDES for Project in Brazil
Mar 17 15
Borealis has secured BRL 36.7 million ($11.4 million) from the BNDES to finance the company's expansion in Brasil. The deal was formally signed during a visit to the Itatiba site by a delegation from BNDES, led by Chemical Industry Department head Gabriel Louren Gomes, as well as representatives from HSBC. As part of the transaction, HSBC supported the commercial bank side under the lead of Leandro Borges, head of multinationals, South America.
Borealis Reports Earnings Results for the Fourth Quarter of 2014; Provides Profit Guidance for the Year 2015
Mar 2 15
Borealis reported earnings results for the fourth quarter of 2014. For the quarter, the company's net profit fell 4.7% year on year to EUR 141 million, due to lower market prices of products and a turnaround at its Burghausen, Germany site during the period. Sales for the period fell 6.1% year on year to EUR 1.98 billion. Net debt fell by EUR 255 million during the fourth quarter 2014 on the back of lower working capital requirements due to a lower polyolefins prices and an inventory reduction following the completion of the Burghausen turnaround.
The company expects to see a solid but lower profitability in 2015 compared to 2014.
Borealis AG to Report Fiscal Year 2014 Results on Mar 02, 2015
Feb 21 15
Borealis AG announced that they will report fiscal year 2014 results on Mar 02, 2015
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