Borouge to invest $400m in 3 China projects
Abu Dhabi, January 17, 2010
Abu Dhabi petrochemical producer Borouge said it is investing $400m in three projects in China.
To expand its presence in the Chinese chemical market, the company is setting up a $60m Shanghai plant and two logistics centres in Shanghai and Guangzhou.
The Shanghai plant will manufacture plastics products for the automotive, infrastructure and packaging sectors.
With logistics centres in Shanghai and Guangzhou, the company said it expects to considerably increase its business in China.-TradeArabia News Service