MUMBAI, Dec 15: As part of expanding its commercial and supply chain networks, Abu Dhabi-based Borouge has decided to open sales office in New Delhi in 2014.
Borouge is a leading innovative, value creating plastics solutions provider and polyolefins supplier to the Indian plastics industry.
“The fast growing Indian market is very important for our growth strategy. Since the early days of Borouge, we established a professional local team in Mumbai to deliver innovative and sustainable solutions to our customers.
“With the opening of our office in Delhi next year, we will reinforce our commitment to the Indian market and will be also close to our customers in northern India,” Borouge Pte Ltd CEO Wim Roels told reporters here.
Borouge is expanding its commercial and supply chain networks throughout Asia. In addition to its 10 sales offices spanning the Middle East, Asia and Africa, Borouge recently opened a representative office in Tokyo and will open three additional representative offices in Bangkok, Ho Chi Minh City and Jakarta during the course of 2014, Roels said.
Borouge sees exponential growth story with the Indian polymer industry.
In 2014, Borouge is expanding the annual production capacity of polyolefins at its Abu Dhabi-based plant from 2 million tonnes to 4.5 million tonnes per year.
Two new polyethylene (PE) plants and two new polypropylene (PP) plants will start up at Borouge 3 expansion plant, along with a new low density polyethylene (LDPE) unit, delivering highly specialised polymers specifically for the growing wire and cable markets, the company said.
Meanwhile, Borouge will expand the annual capacity of its compounding manufacturing plant in Shanghai from 50,000 tonnes to 90,000 tonne and has recently completed a USD 70 million Innovation Centre in Abu Dhabi.
“In line with our global expansion, we will also continue to significantly grow in India and we will be well positioned to meet the growing market demand in India as well as our customers’ specific current and future needs to be leading in their fields,” Roles said.
The Indian polyolefins market is expected to surge from 5.8 million in 2013 to 9.9 million tonne per annum by 2020, being the second biggest polymer market in Asia after China and the third biggest one globally. (AGENCIES)
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