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2007-03-31 News Release
Plastics group new HQ in Asia Plastics solutions provider to triple space for its marketing company headquarters in a prestigious new location in the heart of Singapore.
Borouge, the leading provider of innovative plastics solutions in the
Middle East, Asia Pacific and Africa, plans for growth with the announcement
that it is moving its Singapore marketing company headquarters to a prestigious
new location in the heart of the city as of April 2nd, 2007.
The opening of the new, larger office reflects the continued planned growth
of Borouge’s plastics production and sales activities in the region
and the Middle East by 2010. The marketing company’s annual turnover
exceeded US$1 billion in 2006.
The Singapore office provides leadership to its sales offices and distributor network in 18 countries across Asia Pacific and the Middle East, as well as business management, strategic development, human resource, customer service, regional sales for Asia Pacific, technical service and finance support. Chosen for its strategic geographic position, excellent infrastructure and strong global trading links, Singapore continues to support Borouge in its global plastics activities and continued expansion. As part of Borouge’s strategic growth plans, the expansion of the Singapore office will provide the staffing and infrastructure resources required to support additional capacity coming online from Borouge 2, Borouge’s multi-billion dollar expansion project at its production site in Ruwais, in Abu Dhabi in the United Arab Emirates. This world-scale project is set to triple Borouge’s existing production capacity of polymers made using Borstar* technology to 2 million tonnes per annum by 2010. Harald Hammer, Chief Executive Officer of the Borouge marketing company
commented: "Our move to this new office reflects the continued growth
of Borouge. It further cements our commitment to using Singapore as our
global headquarters and a strategic base for our business across our markets
in Asia Pacific and the Middle East. This is a pivotal moment in the development
of the company. With a stronger presence in the region, our ability to
meet the increasingly sophisticated requirements of customers will be
enhanced, enabling us to deliver on our vision of shaping the future with
plastics."
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