15 May 2003
Borealis announces first quarter operating profit
Borealis today announced its first quarter results, which show an operating profit of EUR 5 million before restructuring charge compared to an operating loss of EUR 13 million in the first quarter of 2002. The restructuring charge of EUR 17 million relates to the continued implementation of Borealis’ transformation programme.
19 Mar 2003
Borealis introduces Xmod™ high performance short glass fibre reinforced PP to aid automotive component productivity
Borealis, a leading supplier of polyolefins, has developed a high performance short glass fibre reinforced (HPGF) polypropylene compound family that has the technological and economical potential to replace long glass fibre (LGF) grades in highly stressed parts for technical automotive applications. Borealis has commercialised this new product group under the Xmod™ brand.
27 Feb 2003
Borealis turnaround in a challenging year
Borealis today announced its fourth quarter and full year result for 2002. The result shows improved financial performance compared to 2001. Net profit for the Group of EUR 6 million compared to a net loss of EUR 41 million in 2001. Operating profit was EUR 85 million up from EUR 54 million in 2001, and return on capital employed (ROCE) increased from 2% to 3%.
31 Jan 2003
Borealis expands distribution agreement with Ashland
Borealis today announced that as of March 1, 2003, it will extend the current distribution agreement with Ashland to also include polypropylene for small and medium size automotive and household appliance customers in the Benelux, France, Germany, Italy, Switzerland, Ireland and the UK in addition to the Nordic countries.
21 Jan 2003
Borealis reorganises to accelerate innovation
Building on its strong track record for innovation, Borealis today announced intentions to reorganise its technical resources to increase further the pace of innovation.
6 Dec 2002
Borealis partners Bosch Siemens in landmark dishwasher metal replacement application
Borealis, a leading supplier of polyolefin materials, has worked with leading household appliance OEM Bosch Siemens to develop the first all polypropylene dishwasher tub in Europe. Key to this landmark development is Borealis’ MB350WG PP material, a new grade designed specifically for replacement of the stainless steel traditionally used in the highly corrosive environment typical for this type of application.
6 Dec 2002
Borealis delivers key technical support in new polypropylene-centred dishwasher development
Borealis, a leading supplier of polyolefins, working closely with major white goods manufacturer Bosch Siemens, has developed a polypropylene compound suitable for the replacement of stainless steel in the interior of a dishwasher.
13 Nov 2002
Satisfactory third quarter result for Borealis
The Borealis Group reported today its third quarter results, showing a stronger financial performance compared to the same period of 2001. Operating profit for the third quarter increased to EUR 54 million from EUR 14 million a year ago, attributable to higher margins and early benefits from internal restructuring. Operating profit was down by 14% compared to the second quarter reflecting the fact that the anticipated economic recovery for the second half of 2002 has not materialised.
7 Nov 2002
Official inauguration and ISO certification of the Borouge petrochemical complex
On October 30, 2002, the USD 1.2 billion Borouge petrochemical complex in Ruwais in the United Arab Emirates was officially inaugurated. The day before Det Norske Veritas presented the ISO 9001:2000 certification to Borouge, who achieved the certificate in only nine months as one of the fastest companies.
28 Oct 2002
RB206MO from Borealis. A cool choice for blow-moulded bottles in hot fill applications
RB206MO is a new random Polypropylene (PP) grade strengthening Borealis’ position as one of the leading suppliers in high performance bottle applications. It can withstand hot filling temperatures of up to 100°C without any permanent deformation of the bottle shape. Even at high temperatures, RB206MO maintains excellent stiffness which means that it allows high productivity on hot filling lines. Another feature of RB206MO is that due to its superior stiffness, bottle weight can be reduced which provides savings in both material and transport costs. The higher temperature resistance of the unique additive package used in RB206MO results in less cleaning of the deventing channels, mould surfaces, die and the stationary mandrel. Because it is easy to extrude and has a high top load performance as well as very good nucleation, RB206MO is extremely well suited to high performance production lines, where it also offers significant savings in materials for multi-layer bottles.
1 Oct 2002
Borealis launches two new product ranges based on its unique Borecene technology - Borecene Compact™ and Paintable Borecene PE resins for rotomoulding
The rotational moulding industry is continuously seeking for polyethylene (PE) resins that are easy to handle and that have better flow properties. Borecene Compact™ is an improvement over Borealis’ existing ‘black’ Borecene™ powder and other powders which are ground down from pellets. It uses unique, Borealis patented technology which entirely bypasses the grinding stage. By eliminating this stage, Borecene Compact is dust-free which improves both product quality and the quality of the working environment. And as its name implies, one of Borecene Compact’s attributes is that it takes up less volume which makes it simpler to transport and to store.
19 Sept 2002
Borealis and Trespaphan have signed License Agreement for PP film
Borealis A/S, Denmark, and Trespaphan GmbH, Germany, have signed a License Agreement in the field of biaxially oriented PP films made from high isotactic PP. Borealis has agreed to a license fee of an undisclosed amount and has been granted the right to operate under Trespaphan’s patents related to this type of high isotactic PP.
