December 19, 2014 8:43 PM 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; data and communication cables; and building and automotive wires and cable products. It also provides polyolefin for various applications, including water and gas distribution, waste water and sewage disposal, irrigation, chemical and industrial pipelines, and in-house plumbing and heating, as well as pipe coating solutions for oil and ga...

IZD Tower

Wagramer Strasse 17-19

Vienna,  1220

Austria

6,217 Employees

Phone:

43 1 22 400 300

Fax:

43 1 22 400 333

Key Executives for Borealis AG

Chief Executive Officer and Member of Management Board
Age: 51
Chief Financial Officer and Member of Executive Board
Executive Vice President of Operations and Member of Management Board
Deputy Chief Executive Officer
Age: 64
Executive Vice President of Base Chemicals and Member of Management Board
Compensation as of Fiscal Year 2014.

Borealis AG Key Developments

Borealis Reports Earnings Results for the Third Quarter and Nine Months of 2014

Borealis reported earnings results for the third quarter and nine months of 2014. The company's third-quarter net profit increased 41% year on year on the back of stronger olefins and polymers margins and uplift from the start-up phase of its Borouge 3 complex. Sales fell slightly over the same period from EUR 2.04 billion to EUR 2.00 billion, while net debt increased by EUR 114 million due to increased working capital requirements on the back of a stock build-up ahead of an upcoming site turnaround at the company's Burghausen, Germany. Net profit for the first nine months of the year increased 56% compared to the same period in 2013 to EUR 430 million, while net sales increased 6% year on year to EUR 6.35 billion.

Borealis AG to Restructure Operations in Brazil

Borealis has unveiled plans to restructure its operations in Brazil, transferring production to its upgraded Sao Paulo facility. The move comes after the company invested €45 million at its production facilities in Itatiba, Sao Paulo. As part of the restructuring, the company plans to transfer production from its Triunfo plant to the upgraded Itatiba facility in early 2015. About 30 Triunfo employees will be relocated to the Itatiba facility or within the company's existing petrochemical complex in Triunfo. The expansion at Itatiba included construction of a production building, polypropylene compounding extruders, blending and raw material silos, warehouse facilities and a bagging line. The project also involved upgrading utility and water systems.

Borealis and Borouge Unveil New Engineering Solutions for Automotive Industry

Borealis and Borouge have introduced new and upgraded material solutions engineered for the automotive industry. The new lightweight grades Fibremod WE380HP and Daplen EE058AI are representative of Borealis and Borouge's commitment to offering new and multi-faceted solutions to automotive OEMS around the globe. In so-called hybrid grades, reinforcing polypropylene with a combination of glass fibre and mineral filler yields a special performance grade. As one such grade, Fibremod WE380HP is a new hybrid PP compound comprised of 20% glass fibre reinforcement and 10% mineral filler. It is intended for use in both structural and visible automotive parts, such as under-the-bonnet (engine covers, gear housings) and high-end interior applications (window frames, arm rests). As a replacement for other materials, Fibremod WE380HP is a lightweight solution that contributes to lower fuel consumption and reduced CO2 emissions without compromising on visual aesthetics or performance. The grade can bear a high mechanical load, offers excellent processability, outstanding dimensional stability, low warpage, good heat resistance and allows for self-colouring. In addition to this multi-talented new material, other lightweight grades being highlighted at the IZB include the pioneering PP natural fibre grades NJ200AI and NJ201AI, both of which allow for 9% weight savings when compared to a PP-T20. The recently-launched thermoplastic olefin compound Daplen EE058AI is not only lightweight, but also offers tiger stripe-free technology, as does the upgraded Daplen EE189HP. Automotive OEMs continue to seek out materials that help reduce overall vehicle weight in order to improve fuel consumption and fulfil stringent CO2 emissions standards, while still meeting requirements in terms of efficient processing and surface aesthetics. The phenomenon of tiger stripes - the visually recognisable periodic change of surface gloss - is caused by converting processes and is a general problem of all thermoplastic materials, including polyolefins. The newly-developed, tiger stripe-free TPO compound Daplen EE058AI boasts an excellent property profile and is a fitting replacement for conventional T15 and T20 interior materials.

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August 7, 2014
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