Borealis, a provider of chemical and innovative plastics solutions, recorded a net profit of 129 mn euros for the third quarter of 2012 compared to 107 mn in the same quarter in 2011. Net sales in Q3 amounted to 1,920 mn euros compared to 1,751 mn euros.
“Current developments indicate that the petrochemical business in Europe will remain challenging,” says Borealis Chief Executive Mark Garrett. “We will continue to optimise our European operations in order to stay at the forefront of the market. Borealis has positioned itself well over the last five years to be able to weather such difficult market conditions and always remains focused on its four pillars of safety, innovation, operational and commercial excellence.”