August 26, 2016 12:53 AM ET

Chemicals

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, as well as in semi-conductive products; and data and communication cables. It also provides polyolefin plastics, such as bumpers, body panels, trims, dashboards, door claddings, climate control and cooling systems, air intake manifolds, and battery cases for the exterior, interior, and under-the-bonnet applications in the automotive indus...

IZD Tower

Wagramer Strasse 17-19

Vienna,  1220

Austria

Founded in 1994

6,266 Employees

Phone:

43 1 22 400 300

Fax:

43 1 22 400 333

Key Executives for Borealis AG

Chairman of Executive Board, Chief Executive Officer and Chairman of Responsible Care Committee
Age: 54
Chief Financial Officer, Member of Executive Board, Chairman of Quality Committee and Member of Responsible Care Committee
Executive Vice President of Operations, Member of Executive Board and Member of Responsible Care Committee
Executive Vice President of Base Chemicals, Member of Executive Board and Member of Responsible Care Committee
Age: 50
Chief Scientist
Compensation as of Fiscal Year 2016.

Borealis AG Key Developments

Scrutiny On Port of Melbourne Sale

Through to the next round of Port of Melbourne Corporation sale are believed to be Macquarie Infrastructure and Real Assets Pty Limited, APG Asset Management NV, IFM Investors Pty Ltd, against Borealis AG, QIC Limited, and Global Infrastructure Partners. There is speculation that China Merchants Bank Co., Ltd. may come out of left field and also emerge as one of the final contestants with another local partner. On July 22, 2016Australian Competition and Consumer Commission delayed a decision on the purchase of the port. Formal bids for the Port of Melbourne are due by late August, 2016.

Borealis Expands Queo Polyolefin Plastomer Portfolio

Borealis has announced the extension of its Queo polyolefin plastomers, or POP, portfolio through the launch of three new polyolefin elastomers, or POE, grades. It also announced the rebranding of the Compact technology, which will now be known as Borceed. Borceed technology enables flexible materials exhibiting both plastic and elastomeric properties and is the platform supporting Borealis' Queo products. The Queo portfolio expansion further enhances Borealis' product offering of high-value specialty polyethylene (PE) products for the high-end segments of the automotive, consumer packaging, housewares, and wire and cable industries. Borealis plastomers is a relatively new pillar of the Borealis Polyolefins family and its product brand Queo was launched in 2013. True to the Latin meaning of its name - "I can" - Queo products allow for the development of comprehensive solutions in both pure format and as a component in blends or compounds, creating maximum value for Borealis customers around the globe. The Queo portfolio encompasses a range of multi-talented polyolefin plastomers and, now with this launch of three new grades, elastomers that bridge the performance gap between conventional polyolefin plastics like PE and conventional elastomers like ethylene propylene diene monomer (EPDM). Produced using the proprietary Borceed technology, Queo plastomers and elastomers combine many of the physical properties of a rubber with the processing advantages of a thermoplastic material. Borealis is now expanding its Queo product portfolio with the launch of three new polyolefin elastomer grades: Queo 6800LA (density 868, melt flow rate 0.5); Queo 7001LA (density 870, melt flow rate 1.0); and Queo 7007LA (density 870, melt flow rate 6.6). Working with key players along the value chain in the respective target industries, Borealis has screened and validated product performance of the new grades. Focus applications for which Queo elastomers offer an especially appealing value-added proposition include: thermoplastic polyolefins for automotive parts, appliances and housewares; adhesives; cable bedding compounds; grafted polymers; highly resilient flooring such as playground surfaces and running tracks; and industrial film. Whilst Queo polyolefin plastomers are primarily aimed at applications requiring good to moderate flexibility combined with higher thermal properties and high mechanical strengths, Queo polyolefin elastomers are the material of choice when it comes to enhanced flexibility and outstanding low temperature impact. Queo polyolefin elastomers deliver a number of additional benefits when compared to existing plastomers including: Reduced crystallinity; Lower melting points (5575°C); Very high flexibility (<20 MPa) and low temperature impact; Decreased density; and Improved low temperature performance (glass transition 55°C).

Borealis Invests €40 Million to Upgrade Steam Cracker in Porvoo, Finland

Borealis has invested €40 million to upgrade its steam cracker in Porvoo, Finland. The upgrade will enhance the cracker's energy efficiency, yield higher production capacities for propylene and crude C4, and enable an overall higher production quality of propylene. In Porvoo, Finland, Borealis operates one of the most flexible, fully-integrated crackers in Europe. The investment in the cracker will further enhance its performance by boosting capacity and improving energy efficiency. The project is scheduled for completion in the third quarter of 2017. The production capacity of propylene and crude C4 will increase by 30 kilotonnes per annum and 10 kilotonnes per annum, respectively. The project will also upgrade the quality of all produced propylene to polymer grade, thereby increasing value as well as productivity in the adjacent polypropylene production plant.

Similar Private Companies By Industry

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 2, 2016
mtm plastics GmbH and mtm compact GmbH
 

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