BOROUGE
New 50,000 t/y compounding plant inaugurated in Shanghai / First facility outside the UAE
From left: William Yau (Borouge CEO), Jian Heping (Shanghai Vice Chairman of the Municipal Council´s Commission for Commerce), H.E. Omer Al Betar (UAE ambassador to China), H.E. Sheikha Lubna bint Khalid Al Qasimi (UAE minister of foreign trade), H.E. Yousef Omair bin Yousef (CEO of ADNOC and Borouge chairman) Rashed Saud Al Shamsi (Borouge chairman), Zhang Liping (Fenxian Party Committee secretary). (Photo: Borouge) |
Borouge (Abu Dhabi / United Arab Emirates; www.borouge.com) has inaugurated its new 50,000 t/y compounding plant at Shanghai / China. The first production facility for the joint venture of Abu Dhabi National Oil Co (Adnoc, Abu Dhabi / UAE; www.adnoc.com) and Borealis (Vienna / Austria; www.borealisgroup.com) outside the UAE will supply the Chinese automotive and household appliances markets. Products will include bumpers, body panels, dashboards and door claddings. An application centre will develop customer-specific solutions – see Plasteurope.com of 28.05.2009.
William Yau, CEO of Borouge’s marketing arm, called the start-up of the compounding facility – which can be expanded to 80,000 t/y – “an important strategic milestone in the development of our business in China.” The company already has logistic hubs in Shanghai and Guangzhou as well as plans for “further investments in the near future.” Resins for compounding in Shanghai will be supplied from the “Borouge 2” polyolefins complex in Abu Dhabi, where polyolefins capacity will triple to 2m t/y by mid 2010.
William Yau, CEO of Borouge’s marketing arm, called the start-up of the compounding facility – which can be expanded to 80,000 t/y – “an important strategic milestone in the development of our business in China.” The company already has logistic hubs in Shanghai and Guangzhou as well as plans for “further investments in the near future.” Resins for compounding in Shanghai will be supplied from the “Borouge 2” polyolefins complex in Abu Dhabi, where polyolefins capacity will triple to 2m t/y by mid 2010.
23.04.2010 Plasteurope.com [216070]
Published on 23.04.2010