Borealis is a fully integrated petrochemical and polymers company. Its main business includes supplying the plastics manufacturing industry with raw materials such as polyethylene (PE) and polypropylene (PP). It also supplies ethylene, propylene, phenol and aromatics.
Borealis states that its strategy based on “value creation through innovation” matched with its “cutting-edge” Borstar technology. It will keep to its value creation strategy through innovation, providing solutions to its key markets in infrastructure, automotive and advanced packaging across Europe, the Middle East and Asia.
At the same time, the Austrian based company states that it needs to prepare for some challenging market conditions ahead. This means it will need to stay competitive by cutting costs, simplifying its organisation and becoming “more nimble”.
Since June 2005, Borealis is owned by the International Petroleum Investment Company (IPIC) of Abu Dhabi (64%) and by OMV, the Austrian oil and gas group (36%). Borealis currently has around 5,385 employees and sales of around Euro6.7bn (2008) with headquarters in Vienna, Austria.
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Key Personnel
Chairman: Gerhard Roiss
Vice chairman: Khadem Al-Qubaisi
Board member: Mohamed Al-Azdi
Board member: David C. Davies
Board member: Mohamed Al Mehairi
Chairman and chief executive officer: Mark Garrett
Chief financial officer: Daniel Shook
Executive vice president (operations and procurement):
Herbert Willerth
Executive vice president (Middle East and Asia): Henry Sperle
Executive vice president (Polyolefins): Lorenzo Delorenzi
(Updated July 2009)
Contacts
Borealis
Wagramerstrabe 17-19
A-1220 Vienna
Austria
Tel: +43 122 4000
Fax: +43 122 400 333
Email: info@borealisgroup.com
www.borealisgroup.com
Borealis
Company Structure
Borealis is a fully integrated petrochemical company. Since June 2005, Borealis is owned by the International Petroleum Investment Company (IPIC) of Abu Dhabi (64%) and by OMV, the Austrian oil and gas group (36%). Borealis was previously owned by Statoil (50%), OMV (25%), and IPIC (25%). It became operational in March 1994.
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Borealis
Strategy & Financial Highlights
Borealis states that its strategy based on “value creation through innovation” matched with its “cutting-edge” Borstar technology is what makes the company “unique”. It believes that the years ahead will be exciting but also very challenging. However, it will keep to its value creation strategy through innovation, providing solutions to its key markets in infrastructure, automotive and advanced packaging across Europe, the Middle East and Asia. (Edited from annual report and company website). ICIS also provides you with key financial data listed in table form.
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