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1/29/2009

Borouge, a leading provider of innovative, value creating plastics solutions, has today signed a service contract with CWT Logistics Pte. Ltd., Singapore, so as to establish the Borouge South East Asia (SEA) Logistics Hub and to provide local logistics services for Borouge’s customers in Asia for duration of 10 years with effect from its operational start-up date in 2010.

Following the contract win, CWT Logistics will undertake the design, development and construction of a Packaging Facility, together with providing dedicated existing state-of-the-art Warehouse Facilities at the Singapore Commodity Hub for the storage of Borouge Products.

In addition to the storage facilities, CWT Logistics will also be providing packaging services and an integrated container depot so as to handle a total annual volume of approximately 330,000 tonnes of polyolefins dispatched by Borouge from Abu Dhabi in the United Arab Emirates (UAE) to the South East Asia (SEA) logistics hub.

Abdulaziz Alhajri, CEO of Borouge Abu Dhabi Polymers, the manufacturing company, explained: “The South East Asia logistics hub is the third (3rd) logistical hub to be awarded by Borouge in the Far East. The hubs will provide storage and logistics support for our operations close to our customers. It will enable us to provide a fast, flexible delivery service to our customers, for all of Borouge’s high value product lines, especially more so for our customers in South East Asia, Australia and the surrounding regions as Singapore represents an unrivalled trans-shipment hub in the Far East”.

Mr. Alhajri adds: “With CWT Logistics being an established long term Logistics provider in Singapore, having a strong knowledge of the region and the local logistics market, Borouge in turn view this award of Services as a very positive step forward in Borouge’s growth in South East Asia / the Far East and similarly see this growth being enhanced by CWT’s capabilities as a partner in this endeavor.”

Eric Herman, CEO of CWT Logistics noted: “At CWT Logistics, we continually strive for service excellence through our people, our well-designed processes and our professionalism. We are able to generate synergies from the various expertise within the Group so as to arrive at a solution that is efficient, cost effective and tailored to our partners.

For the Borouge South East Asia (SEA) / Singapore Logistics Hub, CWT combines its extensive network, strong supply chain knowledge and innovation of warehousing to provide the most robust solution for Borouge to meet their future growth plans by bringing them closer to their markets and delivering a best in class service to their customers in the region.”  

Borouge’s current production capacity in the UAE is 600,000 tonnes of Borstar® polyethylene per year. With the ongoing Borouge 2 project expansion, this capacity will increase to 2 million tonnes per year by the middle of 2010 and will add polypropylene to the product mix. Construction of the Borouge 2 facility has already started and consists of a 1.5 million tonnes ethane cracker, the world’s largest olefins conversion unit (with a capacity of 750,000 tonnes), two Borstar® polypropylene plants with a total capacity of 800,000 tonnes and a 540,000 tonnes Borstar® polyethylene plant.

From left to right (sitting): Mr. Abdulaziz Alhajri - CEO Borouge, Mr. Eric Herman - CEO CWT Logistics,

From Left to right standing: Mr. Laurence Jones - VP Corporate Support Borouge, Mr. Abdulla Al Jaberi - VP Procurement Borouge, Mr. Hussain Lootah - Sr. VP MEA Borouge, Mr. Saeed Al Badi - Senior Project Manager Borouge, Mr. Koh Pee Kok - Director Business Development CWT

Ends

From left to right (sitting): Mr. Abdulaziz Alhajri - CEO Borouge, Mr. Eric Herman - CEO CWT Logistics,

From Left to right standing: Mr. Laurence Jones - VP Corporate Support Borouge, Mr. Abdulla Al Jaberi - VP Procurement Borouge, Mr. Hussain Lootah - Sr. VP MEA Borouge, Mr. Saeed Al Badi - Senior Project Manager Borouge, Mr. Koh Pee Kok - Director Business Development CWT

Ends

 

For further information please contact:

Yahya A. Al Marzouqi, Acting Group Communications Manager, Borouge

Tel. +97126070646, Mob. +971506624177, Yahya.almarzouqi@borouge.com

 

Andrea Chong, Manager, Corporate Communications, CWT Logistics, Singapore

ipandrea@cwtlimited.com

 

 

Borouge is a leading provider of innovative, value creating plastics solutions. With a heritage of reliable customer partnership and value creation through innovation, Borouge is a unique company that brings together the very best of Europe and the Middle East.

Established in 1998 as a joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world’s largest oil and gas companies, and Borealis a leading provider of innovative, value creating plastics solutions, Borouge is a groundbreaking international partnership at the forefront of next generation plastics innovation. Borouge’s state-of-the-art petrochemical complex is located at Ruwais, Abu Dhabi in the United Arab Emirates. Together, Borouge and Borealis employ unique Borstar ® technology to produce differentiated products for high-value infrastructure (water, gas and industrial pipe systems, power and communication cables), automotive and advanced packaging.

 

For more information on Borealis and Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company, visit www.borouge.com .

 

CWT Logistics is a wholly-owned subsidiary of CWT Limited, a company set up in 1970 and listed on the Singapore Exchange in 1993.

Being the largest listed logistics company in Southeast Asia, CWT offers integrated logistics solutions to some of the world’s leading brands in the chemical, commodities, automotive, marine, oil & gas and industrial sectors.

Through its global network, the CWT Group is able to connect customers to 120 ports and 1,200 destinations seamlessly around the world.

 

For more information on CWT Logistics Pte Ltd, Singapore, visit www.cwtlimited.com .

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