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5/29/2010

Borouge, a leading provider of innovative plastics solutions, announced its intention to build a second manufacturing plant in China at the signing of an agreement with the Nansha Municipal Government on May 28, 2010.

 

Speaking at the signing ceremony in Guangzhou,China, William Yau, CEO of Borouge’s Marketing Company said: “It is our intention to be a reliable supplier to the rapidly growing automotive and appliance industries in China and therefore we have decided to invest in a second compounding plant that produces tailor-made resins in close proximity to our customers.”

 

William Yau, CEO Borouge’s Marketing Company, signed the agreement with Stephen Pan, Director – General of the Administration Committee of Nansha Development Zone, Guangzhou at his left hand side. Mayor Chen of Guangzhou Municipality Government and  Mayor Luo of Nansha were witnessing the event.

 

 

This announcement closely follows the inauguration of Borouge’s first compounding plant in Shanghai on April 20, 2010, and presents the opportunity for the company to strengthen its presence in China. Construction work on the plant is expected to be completed by the middle of 2012. Provision will be made to produce up to 105,000 tonnes of compounded polypropylene resins annually. The new compounding plant will also benefit from the Application Research and Development Centre being established in Shanghai and the Innovation Centre being built in Abu Dhabi, UAE.

 

Borouge’s commitment to China is further underlined by the set-up of its Guangzhou office in the beginning of 2010, and its logistics hub located in the Nansha district of Guangzhou.

 

End

 

For further information, please contact:

Craig Halgreen, Vice President, Global Communications, Borouge Tel. +971 2 6070807, craig.halgreen@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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