Borealis wobbles in Q1

Robinson, Simon
May 2006
ICIS Chemical Business;5/22/2006, Vol. 1 Issue 20, p10
Trade Publication
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.


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