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9/27/2010

 

Borouge, a leading provider of innovative, value creating plastics solutions, has strengthened its presence in China with the establishment of a Marketing and Sales Company in Beijing, China.

 

The inauguration of the new Company was held at the China World Summit Wing Complex in Beijing on September 27, 2010 and was hosted by the Chairman of the Board of Borouge’s Marketing Company H.E. Rashed Saud Al Shamsi and CEO William Yau.

 

From left to right:

Wu Bao Cai, Director, Middle East Section of Third Bureau of International Department Central Committee Communist Party of China;

H.E. Pu Yu, Director, Standing Committee of CPC Yangzhou Municipal Committee;

H.E. Li Dong Xiao, Director of Economic Section of International Department Central Committee Communist Party of China;

H.E. Rashed Saud Al Shamsi, Chairman, Borouge Marketing & Sales Company,

H.E. Omar Ahmed Al Bitar, Ambassador, UAE Embassy

 

 

Strengthening the economic ties between the P. R. of China and the United Arab Emirates, H.E. Guo Hu, Director of the West Asia and Africa Department of the Ministry of Commerce, H.E. Chen Ping, Senior Counselor of the Third Bureau of the International Department, Central Committee of the CPC and H.E. Pu Yu, Director of the Standing Committee of the CPC, Yangzhou Municipal Committee, led a delegation from the Government of P.R. of China, and the Ambassador of the State of Qatar in Beijing H.E. Abdulla Al-Muftah, the Ambassador of the United Arab Emirates H.E. Omar Ahmed Al Bitar and official representatives of the Governments of Bahrain, Kuwait and Oman represented the Gulf States. Other guests included representatives from the Chinese Industry Trade Associations and customers and business partners of Borouge in China.

 

Through the opening of this Marketing and Sales company in Beijing, Borouge will further its strategic objectives and be better positioned to serve its customers throughout the region with innovative plastics solutions from its manufacturing plants in Abu Dhabi, in the United Arab Emirates, and Shanghai.

 

“China is clearly an important market for Borouge and our ongoing investments reflect our commitment to a long term partnership with our customers, the region and the Chinese plastics industry”, says H.E. Rashed Saud Al Shamsi, Chairman of the Board of Borouge Pte.

 

Borouge has ten offices worldwide, four of which are in China (Beijing, Shanghai, Guangzhou and Hong Kong SAR). These offices in China are supported by logistics hubs in Shanghai and Guangzhou, and a research and development Application Centre in Shanghai.

 

China has become the single largest market for polyolefins in the world with approximately 30 million tonnes consumed in 2010, while China’s GDP growth is expected at a minimum of 7% over the next 5 years. China is also the world’s largest market for automotives, a key end-use market for plastics. Borouge provides polyethylene and polypropylene plastics solutions for the pipe, wire and cable, automotive and advanced packaging markets.

 

Earlier in 2010, Borouge inaugurated its manufacturing plant in Shanghai, with an annual capacity of 50,000 tonnes for compounding resins specifically for the growing automotive and appliance industries, and is now planning a second compounding plant to be built in Guangzhou. In Abu Dhabi, Borouge has increased the production capacity of its primary plant from 600,000 to 2 million tonnes of polyolefins per year and in one of the world’s major petrochemical projects, is expanding its manufacturing capacity to 4.5 million tonnes per year by the end of 2013, creating the world largest integrated polyolefins plant.

 

Borouge is a joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world’s largest oil and gas companies, and Austria based Borealis, a leading provider of chemical and innovative plastics solutions.

 

End  

 

For further information, please contact:

Craig Halgreen, Vice President, Global Communications, Borouge
Tel.  +971 2 6070807, craig.halgreen@borouge.com
Adel Ali Al Fahim, Regional Communications Manager ME, Borouge

Tel.  +971 2 6070805, adel.alfahim@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 and gas companies, and Austria based Borealis, a leading provider of chemical and innovative plastics solutions, Borouge is a groundbreaking international partnership at the forefront of the next generation of plastics innovation.
Borouge has its headquarters in the United Arab Emirates and Singapore, employs approximately 1,600 people representing more than 40 nationalities and serves customers in more than 50 countries across the Middle East, Asia-Pacific, Indian sub-continent and Africa.
Building on Borealis’ unique Borstar® technology and experience in polyolefins for more than 50 years, Borouge provides innovative, value creating plastics solutions for the infrastructure (pipe systems, and power and communication cables), automotive and advanced packaging markets.

In 2010 Borouge tripled its annual production capacity in Abu Dhabi to 2 million tonnes and an additional 2.5 million tonnes per year is scheduled for completion by the end of 2013 to create the world’s largest integrated polyolefins plant. Borouge is also investing in plants and logistics hubs in Asia and an Innovation Centre in Abu Dhabi. Today Borouge and Borealis manufacture over 5.4 million tonnes of polyethylene and polypropylene annually. Focused on Value Creation through Innovation they ensure that their customers throughout the value chain, around the world, can always rely on superior products and security of supply.
Borouge is committed to the principles of Responsible Care® and together with Borealis proactively contributes towards addressing the world’s water and sanitation challenges through their Water for the World™ initiative.

Visit www.borouge.com and see how we are Shaping the Future with Plastics.   

For more information visit:

Borouge: www.borouge.com

Borealis: www.borealisgroup.com

Water for the World: 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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