IHS Chemical Week

Borealis posts lower profits on higher sales

12:07 PM MDT | August 16, 2013

Borealis today reported a 26% drop in net profit in the second quarter, to €83 million ($110.7 million) on 6% higher sales at €1.89 billion. Speaking exclusively to CW this morning, Mark Garrett, CEO, said that the decline in profit was mainly due to a turnaround at Borouge, Borealis's olefins and polyolefins joint venture at Ruwais, Abu Dhabi, where the Borouge 1 and Borouge 2 facilities each underwent maintenance and did not contribute until May. Borouge nevertheless contributed 75% to Borealis’s net profit in the quarter with the rest coming mainly from...

Access is for Chemweek 24/7 PLUS Members ONLY

This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information. 


Forgot your user ID or password? Click here to have it sent to you.



If you are not yet a subscriber and would like to access the turnkey information found only in Chemweek’s Business Daily, subscribe now and you’ll get the most important news of the chemical industry delivered directly to your inbox—every day.

Sign up for a FREE 15-day trial of IHS Chemical Week Business Daily

contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2014 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa