(Borealis) -- Borealis' joint-venture Borouge, a leading provider of innovative, value creating plastics solutions, was breaking ground for its new Innovation Centre in Abu Dhabi, United Arab Emirates, on April 27, 2010. With a total investment in excess of US$ 70 million in equipment and facilities, Borouge's Innovation Centre in Abu Dhabi will work together with the European innovation centres of Borealis as well as with local and international educational institutions such as the Petroleum Institute of Abu Dhabi, to further develop the competence of polymer science in the United Arab Emirates. It is expected to be completed at the end of 2011.
More than 50 international researchers and engineers will focus on innovations for compounding as well as innovative plastics solutions for the pipe, automotive and advanced packaging industries in close cooperation and partnership with Borouge's customers throughout the value chain, ensuring that specific customer requirements are met.
MRCMRC 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.