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UAE's Biggest Chemicals Maker Says Prices Have Bottomed Out bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
DUBAI: Abu Dhabi's Borouge announced a $400 million cost savings drive on Thursday to navigate inflation and supply chain disruptions, as it reported a 17 percent decline in fourth-quarter profit on pricing compression for polyethylene and polypropylene. The program was introduced "in response to the prevailing market challenges and to sustain its competitive positioning," ....
Borealis A.G., the world's eighth-largest producer of polyethylene and polypropylene, has appointed Michael Schenk as its next vice president of treasury and funding. ....