TITLE

Borealis wobbles in Q1

AUTHOR(S)
Robinson, Simon
PUB. DATE
May 2006
SOURCE
ICIS Chemical Business;5/22/2006, Vol. 1 Issue 20, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the poor financial performance of petrochemical company Borealis in the first quarter of 2006. The company was hit by significant one-off charges and dramatic rises in feedstock and power costs, according to Clive Watson, the firm's chief financial officer. One-off charges included a 30% increase in business interruption, property and damage insurance, which were part of a €30 million charge which included closing a 110,000 tonne/year high density polyethylene plant in Bamble, Norway.
ACCESSION #
21070698

 

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