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.

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

ihsCopyright © 2015 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