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
Founded in 1994
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 2015.
Borealis AG Key Developments
Borealis Reports Earnings Results for the Second Quarter of 2015
Aug 13 15
Borealis reported earnings results for the second quarter of 2015. For the quarter, the company reported net profit of €351 million, up from €143 million in the same quarter of 2014, on the back of higher margins while sales stood at €2.04 billion, down 2.5% year on year.
Borealis AG Expands Partnership with Nexeo Solutions to Target the Rigid and Flexible Packaging and Fiber Market
Jul 13 15
Borealis AG, has expanded its partnership with Nexeo Solutions to target the rigid and flexible packaging and fiber market, as well as the automotive, healthcare and infrastructure industries. The agreement reaffirms their shared commitment to the European polymers market and to Borealis' new distribution strategy. The increasingly competitive landscape of the European polymers market requires a more consistent approach that comprehensively addresses all key applications and enables more sustainable growth in Europe. The distribution channel has close proximity to the customer and can leverage this approach to ensure an effective and value-added service to the market. The new Borealis distribution strategy will help increase growth in key European regions such as Germany, France, Benelux, UK, and enable continuous improvement in service. The role of Nexeo Solutions as the pan-European distributor will support Borealis' growth ambitions in Europe through its strong existing distribution network.
Borealis AG to Invest EUR 160 Million to Upgrade Cracker Furnaces in Sweden
Jul 7 15
Borealis AG has announced a EUR 160 million investment in its production location in Stenungsund, Sweden, to upgrade and revamp four cracker furnaces to the currently available standards in process safety and energy efficiency. The Stenungsund programme is scheduled to begin in late 2016 and be completed by 2020. The investment programme entails revamping four of the current six furnaces and shutting down completely the two remaining, ageing ones.
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