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Borealis Posts Big Profits Hike

10:45 AM MDT | July 27, 2007 | Chemical Week Editorial Staff

Borealis says its fourth-quarter, 2006 net profits almost doubled, to €100 million ($133 million), on sales up 12.6%, to €1.4 billion. The magnitude of the sales and earnings hikes reflects the large number of plant maintenance turnarounds carried out by Borealis in the fourth quarter of 2005, says CEO John Taylor. “But there was some market improvement,” Taylor tells CW. “It was a good, solid...

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