Borouge
 | |
Native name | بروج |
|---|---|
| Company type | Public ADX:BOROUGE |
| Founded | 1998 |
| Headquarters | , |
| Owner | ADNOC and Borealis |
| Website | www |
Borouge is an Abu Dhabi–based petrochemicals company and a manufacturer of polyolefins.[1][2][3] It is a joint venture of the Abu Dhabi National Oil Company and Borealis of Austria. The company was founded in 1998 and has a workforce of more than 3,100.[4]
The company has two complementary ventures: Abu Dhabi Polymers Co Ltd (Borouge) – a production company based in Abu Dhabi – and Borouge Pte Ltd based in Singapore. CEO of Abu Dhabi Polymers Co Ltd (Borouge) is Hazeem Sultan Al Suwaidi. CEO of Borouge Pte Ltd is Rainer Hoefling.[5]
The company supplies polyolefin plastics (polyethylene and polypropylene). They focus on differentiated high end applications in the Middle East, Asia Pacific and Africa with Borstar Enhanced Polyethylene produced in Abu Dhabi, UAE and the Borealis range of speciality products,[6] including fittings, pipes, healthcare, and mobility products, wires and cables, and packaging. The two primary product categories for Borouge's polymers are consumer-related such as greenhouse films, and infrastructure such as cables for power transmission.[7]
In 2022, Borouge was listed on the Abu Dhabi Securities Exchange, raising $2 billion in the initial public offering.[8]
References
[edit]- ^ "Borouge puts spotlight on local plastics production capabilities at ArabPlast 2017 - Middle Eastern Plastics". Archived from the original on 2017-02-04. Retrieved 2017-02-04.
- ^ "Borouge gains ground in Pakistan plastics". The National. 2017-01-08. Retrieved 2022-02-23.
- ^ Sayegh, Hadeel Al; Raitano, Lucy (2022-05-23). "Abu Dhabi's Borouge secures cornerstone investors including India's Adani family". Reuters. Retrieved 2023-05-01.
- ^ Rahman, Fareed (2023-04-05). "Borouge signs new distribution agreement to expand its footprint in East Africa". The National. Retrieved 2023-05-01.
- ^ Borouge website: Locations, visited 27 July 2022
- ^ Borouge website: Locations, visited 5 August 2016
- ^ "ADNOC and Borealis to float 10 pct stake of joint venture polymer giant Borouge". Al Arabiya English. 2022-05-18. Retrieved 2023-05-01.
- ^ "Borouge shares list, trade today on ADX". Economy Middle East. Retrieved 2023-05-01.
