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.