Borealis A/S Company Description
Borealis is another shining light in the northern sky of plastics. The company is among the leading European makers of polyethylene and polypropylene, the most common plastic resins (and together known as polyolefins). Borealis also produces olefins (ethylene and propylene) and compounds plastic resins to meet desired characteristics, mainly for wire and cable makers. Its Borstar technology is used to support its polyethylene and polypropylene products. In 2005 Norwegian oil company Statoil sold its 50% stake in Borealis to Austrian oil firm OMV and International Petroleum Investment Company of Abu Dhabi (IPIC). IPIC now owns 65% of Borealis and OMV 35%.
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The Company Description provides a historical perspective of Borealis A/S's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Borealis A/S's evolution in the marketplace.
