Borouge secures two new contracts worth AED55 Million from leading UAE manufacturers

Borouge secures two new contracts worth AED55 Million from leading UAE manufacturers

ABU DHABI, 10th January, 2023 (WAM) -- Borouge, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, has secured two new contracts worth a combined value of AED 55 million (US$15 million) to supply polyolefins to its partner customers – Ducab and Union Pipes Industry (UPI).

Both companies will use Borouge materials to produce energy and infrastructure applications to construct Borouge 4.

Ducab, one of the UAE’s largest home-grown energy solution providers and industrial manufacturing businesses, will produce low-voltage and medium-voltage cables to power Borouge 4 using Borouge’s energy solutions. UPI, one of the MENA region’s largest rugged and durable pipe manufacturers, will use Borouge’s ‘Made in UAE’ solutions to produce pressure pipes for the cooling and public sanitation system of Borouge 4.

Hazeem Sultan Al Suwaidi, Chief Executive Officer, Borouge, said, “Our latest agreements with Ducab and UPI signal the continued progress of the Borouge 4 project and are testament to our commitment to the UAE’s In-Country Value programme – providing locally sourced and ‘Made in UAE’ solutions that shape a strategic project of this scale. We look forward to building on our track record of success and unlocking long-term value through the aggressive pursuit of revenue growth and cost