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
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 2014.
Borealis AG Key Developments
Borealis Signs Preliminary Agreement with Agrifos Partners to Jointly Develop an Ammonia Plant Along the Texas Gulf Coast, US
May 22 15
Borealis has signed a preliminary agreement with Agrifos Partners to jointly develop an ammonia plant along the Texas Gulf Coast, US. Planned to be built on an existing chemical site, the ammonia project will be managed through Gulf Coast Ammonia (GCA), a company formed by Agrifos Partners. GCA is in talks with strategic site owners, and intends to finalize a location in the coming months. The complex is planned to be completed and for operations to commence in early 2019. It will use hydrogen and nitrogen as feedstock. The complex will have the advantage of existing infrastructure and logistics capabilities to supply products to various long-term off-takers and customers. Subject to certain approvals, the final agreement could offer Borealis a significant stake in the project, as well as a long-term off-take deal for around 40% of ammonia from the plant.
Borealis Reports Earnings Results for the First Quarter of 2015
May 18 15
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
May 18 15
Borealis AG is happy to invest in fertilizers as it is good business, so will continue to pursue investment via acquisitions or via expansions.
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