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 polyolefin for various applications, including water and gas distribution, waste water and sewage disposal, irrigation, chemical and industrial pipelines, and in-house plumbing and heating, as well as pipe coating solutions for oil and ga...
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 and Member of Executive Board
Compensation as of Fiscal Year 2014.
Borealis AG Key Developments
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
Cheung Kong Withdraws From Fortum's Grid Bid
Feb 18 15
Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038) has pulled out of the bidding for Fortum Oyj (HLSE:FUM1V)'s grid in Sweden after the price rose too high. According to Bloomberg, a consortium made up of The Goldman Sachs Group, Inc. (NYSE:GS), 3i Group plc (LSE:III) and Abu Dhabi Investment Authority as well as GIC Pte. Ltd. and a group led by Borealis AG are still bidding. Macquarie Group Limited (ASX:MQG) pulled out of the bidding process earlier in February 2015. Final offers are due in early March 2015. Bloomberg's sources say that the price could rise to more than €6 billion.
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