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5/16/2010

Rashed Saud Al Shamsi, Chairman of Borouge’s Marketing Company joined Lee Yi Shyan, Singapore’s Minister of State for Trade and Industry and Manpower, along with William Yau, CEO of Borouge’s Marketing Company and senior officials from Borouge at the official opening ceremony of the CWT logistics complex in Singapore on May 11, 2010.

 

CWT, being the largest listed logistics company in South East Asia, will handle up to 330,000 tonnes of value-added polyolefins per year (t/y), including packing, repacking and distribution to Borouge’s customers throughout South East Asia.

 

 

Borouge, a leading provider of innovative, value-creating plastics solutions, is a joint venture between the Abu Dhabi National Oil Company (ADNOC) and European-based chemical and innovative plastics solutions provider, Borealis.

As Borouge is currently tripling its polyolefins capacity in Abu Dhabi to 2 million tonnes per year (t/y) by mid 2010 and scheduled an additional 2.5 million t/y for 2013, the development of an enhanced supply chain infrastructure and processes is a key and strategic factor in the fast growing Asian markets.

 

“We have a very clear long-term strategy to grow our business and develop our customer partnerships in Asia,” says Rashed Saud Al Shamsi, Chairman of Borouge’s Marketing Company, “To achieve this, we need to excel not only in operational excellence, technology, products and innovation, but also in the way we deliver our products. A robust and reliable supply chain is vital to win the trust and satisfaction of our customers.”

 

Together with Borouge’s Shanghai and Guangzhou logistics hubs in China, handling respectively up to 600,000 t/y and 245,000 t/y, as well as Borouge’s plans for further investments in the near future, the Company strengthens its operations in Asia providing improved and flexible responsiveness to local customer demands, as well as consistency and security of supply.

 

 

For further information, please contact:

Craig Halgreen, Vice President, Global Communications,

Borouge Tel. +971 2 6070807,

craig.halgreen@borouge.com  

 

Katinka Brodahl, Trade Media Relations,

Borouge Tel. +65 63114252,

katinka.brodahl@borouge.com  

 

About Borouge

Borouge is a leading provider of innovative, value creating plastics solutions. A joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world’s major oil companies, and Austrian based Borealis, a leading provider of chemical and plastics solutions, the company’s footprint reaches across the Middle East, Asia Pacific, the Indian sub-continent and Africa. Established in 1998, Borouge employs approximately 1,400 people, has customers in 50 countries and its headquarters are in Abu Dhabi in the UAE and Singapore.

Building on the unique Borstar® technology and their experience in polyolefins for more than 50 years, Borealis and Borouge provide innovative, value creating plastics solutions for the infrastructure (pipe systems, and power and communication cables), automotive and advanced packaging markets.

Today Borealis and Borouge manufacture 4 million tonnes of polyolefins (polyethylene and polypropylene) per year. Borouge is currently tripling its polyolefins manufacturing capacity to 2 million tonnes per year (t/y) by mid-2010 and an additional 2.5 million t/y is scheduled for 2013. The companies continue to invest to ensure that their customers throughout the value chain, across the globe, can always rely on product quality, consistency and security of supply.

Borouge and Borealis are committed to the principles of Responsible Care® and proactively contribute to addressing the world’s water and sanitation challenges through their Water for the World™ initiative.

Learn more about

Borouge at www.borouge.com

Borealis at www.borealisgroup.com

Water for the World at www.waterfortheworld.net

Borstar is a trademark of Borealis A/S. Shaping the Future with Plastics is a trademark of Borealis A/S.

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