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Borouge inks AED260 million contract with ASCON

June 08/2010

(Borealis) -- Borouge, a joint-venture between the Abu Dhabi National Oil Company (ADNOC), one of the world"s major oil companies, and Borealis, a leading provider of chemical and innovative plastics solutions, has awarded the contract worth AED 260 million for the construction of its Innovation Centre in Abu Dhabi, UAE, to Associated Construction and Investments Company (ASCON), the civil arm of the successful ETA-ASCON Group.

 

The new Innovation Centre, planned for completion by the end of 2011, will house more than 50 international researchers and engineers focusing on developing innovative plastics solutions for the pipe, automotive and advanced packaging industries.  The Centre itself will cover approximately 18,000 m2 and the contract includes construction of a training centre for the Gulf Plastic Pipes Academy (GPPA).

 

mrcplast.com

Borouge inks AED260 million contract with ASCON

MRC Reference

Borealis. The share in the Russian market in 2008:

 polyethylene - 4.1% (including HDPE - 4.7%, LLDPE - 8.7%);
 polypropylene - 3.2% (PP-impact - 7.5%).

 

Annual sales growth in Russia over the last 5 years:
 polyethylene - 11%;
 polypropylene - 6%.

 

Leader in polymers processing technologies:
 extrusion coating;
 cable extrusion;
 injection molding.

 

 

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