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wiredInUSA - February 2013
wiredInUSA - February 2013
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Borouge, a provider of innovative,
value creating plastics solutions to the
wire and cable industry, and beyond,
has announced its intention to expand
production capacity under the “Borouge 3”
project to reach 4.5 million tonnes by the
end of 2013.
As reported by AMEinfo, investment in
the expansion project, planned to be fully
operational by mid-2014, will reach $4.5
billion and once completed, Borouge
is expected to have the world’s largest
integrated single-site polyolefins plant in the
world.
The announcement was made by officials
of the company at a press conference,
held on the sidelines of Arabplast 2013 in
Dubai. The company also announced that
it had recorded annual sales of $3 billion in
2011 and it expects to grow its production
capacity by 700 percent over four years
(2010-2014).
Mr Hussain Sultan Lootah, senior vice
president, Middle East Africa at Borouge, said:
“This robust business growth represents broad
customer recognition of our technology
leadership and the value we create to their
businesses.”
Talking about Borouge’s cable solutions,
Mr Hazeem Al Suwaidi, vice president, sales
Middle East, added: “Borouge is a global
leader in providing innovative solutions
for the wire and cable industry. With the
Borouge 3 coming on stream in 2014 and
the opening of [the] Borouge Innovation
Centre, Borouge will continue to devel-
op and produce high quality productivity
solutions that enable cable makers to
manufacture quality cables according
to the highest industry standards while
maximizing production output.”
ASIA / AFRICA NEWS
ASIA
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AFRICA
NEWS
Picture : Alessandro Paiva
INDEXi
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Borouge set to grow 700%