August 20, 2014 4:42 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

6,227 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 Management Board
Age: 47
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 Second Quarter of 2014

Borealis reported earnings results for the second quarter of 2014. For the period, the company posted a net profit of €143 million, an increase of 72% compared to the same period in 2013, while sales rose 5.8% to €2.09 billion, as stronger margins from its polyolefins business offset weaker-than-expected results in fertilizers.

Borealis Wins Engineering Contract to Jacobs for Belgium Facilities

Borealis has awarded a five-year framework agreement to Jacobs Engineering for work at three of its facilities in Belgium. The work concerns 'a variety of projects', at subsidiaries Borealis Polymers NV, Borealis Kallo NV and Borealis Antwerpen Compounding NV. The framework agreement includes study, engineering, procurement, construction management and personnel support services. The value of the contract was not disclosed, but the estimated total installed cost of each project is estimated at up to $13 million.

Borealis Announces Earnings Results for the First Quarter of 2014

Borealis announced earnings results for the first quarter of 2014. For the quarter, net profit rose 67% year on year to €102 million as sales increased 14% over the same period to €2.26 billion on the back of a good performance at its polyolefins business and the start-up of its Borouge 3 cracker in Abu Dhabi. In first quarter, net debt rose by EUR 111 million, mostly due to the payment of dividends to shareholders.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 7, 2014
Speciality Polymers Antwerp N.V.
Merger/Acquisition
August 1, 2014
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Merger/Acquisition
December 23, 2013
Neochim PLC
 

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