Evonik aligns two business lines with new growth strategy

Businesses outside core areas are to be sold or discontinued

16-Oct-2024 - Evonik is reorganizing two business lines to strengthen their growth prospects. Coating & Adhesive Resins and Health Care will focus on and concentrate future investments in their respective core businesses. The remaining businesses outside these cores are to be sold to new owners or incorporated ...

Borealis inaugurates catalyst plant at Linz location

05-Jun-2013 - Borealis inaugurated a new catalyst plant at their Linz location. The company has invested EUR 100 million in the construction of this facility which will produce chemical substances – so-called catalysts – utilising the proprietary Borealis Sirius catalyst technology. Catalysts enable a precise ...

Borealis appoints Gilles Rochas as new Vice President

28-May-2013 - Borealis announces the appointment of Gilles Rochas as Vice President Application Segment Energy & Infrastructure as of July 1, 2013. Gilles Rochas replaces Marc Hubert, who is leaving Borealis to pursue other career opportunities. With over 20 years experience in the polymer industry, Gilles ...

Borealis delivers solid third quarter results

Borouge 3 expansion project in Abu Dhabi on track

09-Nov-2010 - Borealis announced a net profit of EUR 54 million for the third quarter of 2010. The result exceeds the performance in the third quarter of 2009 by 15%, although profitability reduced from the second quarter of 2010 largely due to the impact of start-up and turnaround activities. The net debt ...

Borealis results continue to improve in the second quarter of 2010 in an ongoing volatile economic environment

16-Aug-2010 - Borealis announced a net profit of EUR 92 million for the second quarter of 2010, a further improvement compared to EUR 54 million in the first quarter of this year as well as versus the second quarter of 2009 when Borealis recorded a net profit of EUR 35 million. Net debt decreased during the ...

Borealis starts off the challenging year 2010 with a positive result

Borealis recorded a net profit of EUR 54 million in the first quarter of 2010 in a stabilising market

10-May-2010 - Borealis announced a net profit of EUR 54 million for the first quarter of 2010, compared to a net loss of EUR 56 million in the first quarter of 2009. Despite an increase in net debt, the company’s financial position remains solid with a gearing ratio of 49% at the end of Q1, compared to 43% in ...

Borouge further expands capabilities in China

12-Jan-2010 - Borouge announced the incorporation of Borouge Sales and Marketing (Guangzhou) Co. Ltd. The inauguration of the new company was attended its customers, senior government officials from the Guangzhou Municipal Government and the United Arab Emirates as well as Members of the Boards of ...

LyondellBasell Strengthens Commitment to Indian Automotive and Appliance Industries

14-Dec-2009 - LyondellBasell Industries announced another milestone in its continued support of global customers with a new agreement to manufacture products in India. Under a tolling and marketing agreement signed by LyondellBasell and Hyundai Engineering Plastics (HEP), HEP will manufacture LyondellBasell’s ...

Linde awarded major specialty gases contracts in Thailand

05-Nov-2009 - Linde Gases, a division of The Linde Group, announced its agreement with the PTT Group for the supply of high purity gases in what is believed to be the largest specialty gases contract in Thailand. In addition, Linde has signed a contract with Map Ta Phut Olefins Company (MOC), a subsidiary of ...

Borouge awards contracts to Tecnimont for Borouge 3

07-Jul-2009 - Borouge has awarded the three main contracts for the FEED stage of its Borouge 3 expansion in Ruwais, Abu Dhabi to Tecnimont (Maire Tecnimont Group). This includes the front-end engineering and design (FEED) of the multiple polyolefin units, the LDPE (low density polyethylene) unit and the ...