ADT to Provide Borouge with Packaging Services at Khalifa Port

ADT to provide Borouge with packaging services at Khalifa Port

12/06/2014

Abu Dhabi, UAE, 2 June 2014: Abu Dhabi Terminals (ADT), the manager and operator of Khalifa Port Container Terminal, signed a contract with Borouge, a leading provider of innovative, value creating plastics solutions, through which ADT will design, construct and operate a state-of-the-art packaging facility for Borouge’s export products at Khalifa Port.

The contract was signed by AbdulazizAlhajri, CEO of Abu Dhabi Polymers Company (Borouge), and Martijn Van De Linde, CEO of ADT, during a ceremony that took place yesterday at Borouge’s headquarters in Abu Dhabi. The signing ceremony was attended by WimRoels, CEO of Borouge’s Marketing & Sales Company, and senior management officials from Borouge and ADT.

Khalifa Port, supported by excellent location within Borouge logistic network and the right connectivity along with ADT’s operational excellence, is the primary UAE gateway for Borouge’s products to their customers around the world. Based on this agreement, the new packaging facility will enhance Borouge’s overall packaging capacity and supply chain network flexibility.

Commenting on the signing of the contract, AbdulazizAlhajri, CEO Abu Dhabi Polymers Company (Borouge), said “We are delighted to sign this contract with Abu Dhabi Terminals, and we are confident that the advanced packaging solution that ADT is going to provide us under this agreement, will further strengthen our supply chain capabilities and support our growth. In addition to the existing packaging facilities in our Ruwais plant and in our regional hubs in China and Singapore, the new packaging facilities and services in Port Khalifa will give us more flexibility to better serve our customers and achieve our business targets all over the world.”

Borouge produces 2 million tonnes of polyolefins at its petrochemical plants in Ruwais and is currently expanding its industrial complex that will be resulted in increasing its total production capacity to 4.5 million tonnes in 2014. The new packaging facility set to be built at Khalifa Port is expected to be completed in early 2015 with a total capacity of 385,000 metric tonnes.

Martijn Van De Linde, Chief Executive Officer, Abu Dhabi Terminals, said “We are delighted to extend our existing partnership with Borouge, as it signals an important development and a significant step toward achieving world class and complete supply chain solutions for one of our valued customers.”

"Abu Dhabi Terminals and Borouge have a long-term relationship with Khalifa Port receiving the first shipment of polyethylene for export from Borouge in October2012, which was only one month after the start of operation at the Port.”

“Khalifa Port has tripled Abu Dhabi’s capacity for shipping containers and general cargo, and with more than 45 direct ports of call and through more than 18 shipping lines serving Abu Dhabi, ADT is looking forward to helping our customers best utilize this new capacity, making Khalifa Port an engine for growth and diversification,” Martijn added.