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May 22, 2015 5:19 AM ET


Company Overview of Borealis AG

Company Overview

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

Vienna,  1220


6,290 Employees


43 1 22 400 300


43 1 22 400 333

Key Executives for Borealis AG

Chairman of Executive Board and Chief Executive Officer
Age: 52
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
Age: 48
Executive Vice President of Polyolefins & Innovation & Technology and Member of Executive Board
Compensation as of Fiscal Year 2014.

Borealis AG Key Developments

Borealis Reports Earnings Results for the First Quarter of 2015

Borealis reported earnings results for the first quarter of 2015. For the quarter, the company reported partially owned by oil and gas concern OMV, netted EUR 137 million in first quarter of 2015, up from EUR 102 million posted in first quarter of 2014. Revenue slipped from EUR 2.256 billion to EUR 1.988 billion year on year. The firm’s net debt dropped to EUR 132 million in first quarter, whereas the gearing amounted to 34%, after 48% reported for first quarter of 2014.

Borealis AG Seeks Further Acquisition In Fertilizer Business

Borealis AG is happy to invest in fertilizers as it is good business, so will continue to pursue investment via acquisitions or via expansions.

Borealis Appoints Anja Krusel as Vice President Group Controlling

Borealis AG has appointed Anja Krusel as vice president group controlling. Anja Krusel succeeds Executive Board member Mark Tonkens, who assumed the position of CFO as of November 1, 2014. Anja Krusel joins Borealis from Munich-based Microsoft Germany, where she has held the position of Senior Director Finance and Administration since 2011.

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