Borealis Records Strong Results in the First Quarter

Industrials › Chemicals ♦ Published: May 19, 2011; 11:56 ♦ (Vindobona)

The Austrian chemical company achieved a net profit of € 174m, an increase of € 120m. Both the Polyolefins and Base Chemicals businesses improved versus last year's results.

Borealis Records Strong Results in the First Quarter / Picture: © Borealis

Borealis, the provider of chemical and innovative plastics solutions, announced a net profit of € 174m for the first quarter of 2011, a substantial increase compared to the same quarter in 2010. This achievement was mainly driven by two factors: a healthy volume growth and margin improvement in both Polyolefins and Base Chemicals. In addition, the Borouge joint venture provided an…

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