15 Jan 2007
Borealis invests EUR 90 million to further develop its polypropylene business
Borealis, a leading provider of innovative, value creating plastics solutions, will invest EUR 25 million to expand the capacity of its PP plant in Porvoo, Finland, by 65,000 tonnes per annum (tpa) to 220,000 tpa by the end of 2008. The increased capacity will meet rapidly growing customer demand for innovative plastics solutions in the pipe and advanced packaging markets and better supply the developing Russian market.
9 Jan 2007
Mark Garrett appointed CEO Designate at Borealis to succeed John Taylor at end of 2007
Borealis, a leading provider of innovative, value creating plastics solutions, announces the appointment of Mark Garrett as CEO Designate. He will assume the role of Chairman of the Executive Board and CEO when John Taylor turns 60 years old and retires at the end of 2007.
8 Jan 2007
Borealis Film and Fibre VP Harald Hammer appointed as CEO of Borouge Pte Ltd
Borealis Film and Fibre Vice President Harald Hammer has been appointed Chief Executive Officer of Borouge Pte Ltd as of January 1, 2007, replacing Hubert Puchner. Puchner, who after five years of leading Borouge through a period of strong growth, will take up the post of Executive Vice President of AgroLinz Melamine International (AMI) in Linz, Austria, managing the company’s global melamine business. He will remain a member of the Borouge Board.
28 Dec 2006
OMV and IPIC plan to consolidate their chemistry activities into subsidiary Borealis
• OMV and IPIC intend to incorporate their respective 50% shares of AMI Agrolinz Melamine International into their joint subsidiary Borealis within the first half of 2007
• Changes in the AMI Supervisory Board as of January 1, 2007
• OMV continues to focus on core business
OMV, Central Europe's leading oil and gas group, continues to focus on its core business: Exploration & Production, Refineries & Marketing and Gas. In this context OMV, together with its core shareholder International Petroleum Investment Company (IPIC), is planning on incorporating AMI Agrolinz Melamine International GmbH (AMI), one of the leading international producers of melamine and plant nutrients into Borealis. OMV and IPIC each hold 50% of AMI. The final decision will be made in the course of the first half of 2007.
20 Dec 2006
Borealis to showcase latest innovations at Interplastica
Borealis, a leading supplier of innovative, value creating plastics solutions, invites product manufacturers, designers and plastics processors to learn more about the benefits of polyethylene and polypropylene materials at Interplastica 2007 to take place in Moscow from 30 January – 2 February 2007. Visitors can experience first-hand how Borealis is providing solutions that deliver improved production efficiency and end-product benefits to a wide range of industries and applications.
18 Dec 2006
Borouge and Borealis sign Responsible Care® Global Charter
Borouge and Borealis, leading providers of innovative, value creating plastics solutions, signed the Responsible Care® Global Charter at the inaugural Gulf Petrochemicals and Chemicals Association (GPCA) Forum in Dubai, United Arab Emirates, on December 17, 2006. This joint action demonstrates an ongoing commitment to further their leadership position in health, safety and environmental (HSE) management, and advancing product stewardship and sustainable development.
28 Nov 2006
Borouge awards approximately USD 1.3 billion Borouge 2 Cracker (EU2) Contract to Linde Engineering
Borouge, the leading provider of innovative plastic solutions, today announced that it has awarded the contract to build its new ethylene cracker to Linde Engineering. The cracker will have a capacity of approximately 1.5 million tonnes per annum and is considered to be the largest gas cracker in the world.
20 Nov 2006
Borealis invests EUR 200 million in 330,000 t/y Borstar® polypropylene plant in Central Europe
• State-of-the-art Borstar® polypropylene (PP) plant in Burghausen, Germany, on track for completion at the end of 2007.
• Supports the company’s “value creation through innovation” strategy and strengthens the ability to provide innovative plastics solutions to the advanced packaging markets.
17 Nov 2006
Borealis increases price of its polypropylene based products for European automotive and appliances businesses
Borealis announced today that it will increase the price of its polypropylene based products used in automotive and appliances applications in Europe by 50 EUR/per tonne as of 1st January, 2007. The increase comes on top of the future price development of propylene.
14 Nov 2006
Borealis starts with expansion of its Innovation Centre in Linz –Upper Austria to become a centre of international plastics research
Borealis, a leading provider of innovative, value creating plastics solutions, recently announced the start of its expansion of its Innovation Centre located at the Chemiepark in Linz. This development project begins with the dismantling of an older building which will serve as the site of a newly planned facility. The project, which begun on November 6, 2006, reflects the company’s decision to develop the Linz based centre as the hub of its international research activities. Over the next five years, Borealis will invest EUR 25 – 30 million in the Innovation Centre.
13 Nov 2006
Borealis announces EUR 104 million Q3 net profit
• Borealis announces third consecutive quarter of improved profits and
9 Nov 2006
Borealis BorECO™ ensures smooth flow for REHAU® sewer project
Borealis, a leading provider of innovative plastics solutions, has recently supplied REHAU® with BorECO™ BA 212E, a highly developed polypropylene (PP) for pipe systems. One of the most diversified plastics processors in the world, REHAU was faced with the challenge of installing the new smooth-flowing sewerage system in the residential area of Traiskirchen, Austria, during the winter season and therefore benefited from the performance and easy handling of BorECO.
