September 23, 2017 9:56 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 extra high, high, medium, and low voltage energy transmission and distribution cables, as well as in semi-conductive products. It also provides polyolefin plastic materials, 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 industry, as well as for variou...

IZD Tower

Wagramer Strasse 17-19

Vienna,  1220

Austria

Founded in 1994

6,494 Employees

Phone:

43 1 22 400 300

Fax:

43 1 22 400 333

Key Executives for Borealis AG

Chairman of Executive Board and Chief Executive Officer
Age: 55
Chief Financial Officer and Member of Executive Board
Executive Vice President Operations and Member of Executive Board
Executive Vice President of Base Chemicals and Member of Executive Board
Age: 51
Chief Scientist
Compensation as of Fiscal Year 2017.

Borealis AG Key Developments

Borealis Considers Strategic Options

Mark Garrett, Chief Executive Officer of Borealis AG said,"we have to get through this current market weakness. We have to make sure our plants are doing as well as they can do and then you can start considering the strategic options you may have. But right now is not good a moment to sell."

Borealis and Abu Dhabi Oil Company Agree on Expansion in Ruwais

Borealis and the Abu Dhabi National Oil Company (ADNOC) have concluded an agreement on the extension of joint petrochemical business in Ruwais in the emirate Abu Dhabi. The framework agreement is to apply to the downstream petrochemical business and shall support the implementation of ADNOC's growth and partnership strategy. The deal sets the stage for the construction of the Borouge 4 complex, which includes a mixed feedstock cracker. The complex is to be launched in 2023 and shall be integrated in ADNOC’s existing Takreer refinery. It was also agreed to kick off the tender for engineering, procurement and construction of an additional polypropylene installation (PP5). That installation will be based on Borealis’ Borstar technology and shall be integrated in the existing Boroug-3 complex. The agreement is part of ADNOC’s goal to raise the petrochemical product output from 4.5 million tonnes/year to 11.4 million tonnes by 2025. It stipulates an extension of the two companies’ joint venture Borouge, set up in 1998.

Borealis AG Presents at CRU's Wire & Cable Conference 2017, Jul-18-2017 03:10 PM

Borealis AG Presents at CRU's Wire & Cable Conference 2017, Jul-18-2017 03:10 PM. Venue: The Westin Grand, Arabellastrasse 6, Munich, 81925, Germany. Speakers: Bart Verheule, Head of Marketing, Energy.

Similar Private Companies By Industry

Company Name Region
1zu1 Prototypen GmbH & Co KG Europe
AGATEX Feinchemie GmbH Europe
AGRU Kunststofftechnik GmbH Europe
ATMOSA Petrochemie GmbH Europe
Borealis AG Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 28, 2017
FEBORAN OOD
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