Borouge continues to deliver outstanding results for the first half of 2024, surpassing analysts’ expectations with a net profit of $581 million, an increase of 35% YoY, representing a Q2 net profit of $308 million, up 33% YoY. These exceptional financial results underscore the company’s strength and resilience. Borouge’s competitive advantages, financial strength and consistent strong performance will continue to position the company as an industry leader, enabling us to pursue new opportunities for delivering strong returns for our shareholders. For more details, please visit: https://lnkd.in/dnNdSpQ5
نبذة عنا
Founded in 1998 through a strategic partnership between ADNOC and Borealis, Borouge was formed to build and operate a petrochemical complex in Al Ruways, United Arab Emirates, with a sales and marketing business in Singapore. Borouge, listed on the Abu Dhabi Securities Exchange (ADX symbol “BOROUGE” / ISIN “AEE01072B225”), is a leading petrochemical company that provides innovative and differentiated polyolefin solutions. ADNOC owns a majority 54% stake and Borealis holds a 36% stake in Borouge. With its base in the United Arab Emirates and Marketing & Sales head office in Singapore, Borouge employs more than 3,000 people representing over 40 nationalities and serves customers in 50 countries across the Middle East, Asia and Africa. Building on the unique Borstar® and Borlink™ technologies and over 50 years of experience in polyolefins, Borouge provides innovative, sustainable and value creating polymer solutions for packaging, infrastructure, energy, mobility, agriculture and healthcare applications that address global challenges such as climate change, food protection, access to fresh water, energy conservation, healthcare and waste management. In 2014 Borouge successfully commissioned its Borouge 3 expansion plant, increasing the Company’s annual capacity to 4.5 million tonnes of polyethylene and polypropylene and making Borouge’s site in Ruwais, UAE, the world’s largest integrated polyolefins complex. Borouge has expanded its commercial and logistics network in the Middle East and Asia, established a world-class Innovation Centre in Abu Dhabi and expanded its Application Centre in Shanghai. Focused on its mission, ‘value creation through people and innovation’, Borouge ensures that its customers are provided with differentiated products with improved reliability of supply throughout the value chain. Borouge is committed to the principles of sustainability and is a signatory of the chemical industry’s Responsible Care® Global Charter.
- الموقع الإلكتروني
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https://bit.ly/Q12023Results
رابط خارجي لـ Borouge
- المجال المهني
- تصنيع المنتجات الكيميائية
- حجم الشركة
- ١٠٠١ - ٥٠٠٠ موظف
- المقر الرئيسي
- Abu Dhabi
- النوع
- شركة يملكها عدد قليل من الأشخاص
- تم التأسيس
- 1998
- التخصصات
- Manufacturing and marketing plastics raw material for value added industry solutions
المواقع الجغرافية
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رئيسي
Sheikh Khalifa Energy Complex
Abu Dhabi، AE
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1 George Street
#18-01
Singapore، SG
موظفين في Borouge
التحديثات
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We are pleased to share our financial results for H1/Q2 2024. Hear from our CEO, Hazeem Sultan Al Suwaidi, as he discusses Borouge’s strong financial results, surpassing analysts’ expectations. These outstanding results were driven by record production volumes, cost efficiencies, and increased sales. #Borouge #Growth #Profit #FinancialResults
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Highlights of our signing ceremony, aiming to establish a specialty polyolefins complex in China. #Borouge #InternationalExpansion #Innovation #Polyolefins #ChinaMarket #Growth ADNOC Group Borealis Wanhua Chemical Group
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Borouge has recently announced that as part of a strategic consortium, it plans to establish a complex in China’s Fujian province, which is set to produce 1.6 million tonnes of speciality polyolefins per annum. The proposed project will leverage #Borouge and Borealis’ industry and commercial expertise, as well as technology, supply-chain and logistics synergies across the ADNOC Group. It will also benefit from Wanhua Chemical Group’s strong track record and network in the Chinese market, along with China’s competitive construction and energy costs, as well as its accelerated execution timelines. The partners are committed to achieving net zero emissions and developing products that promote the circular economy and intend to power the planned specialty polyolefins complex with 100% zero-carbon electricity, supported by the local government. #InternationalExpansion #Innovation #Polyolefins #ChinaMarket #Growth
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We are pleased to announce that #Borouge has signed a Project Collaboration Agreement with ADNOC Group, Borealis, and Wanhua Chemical Group, aimed at establishing a complex in the Fujian province, China. The project is set to produce 1.6 million tonnes of speciality polyolefins per annum, reinforcing Borouge’s position in Asia, while offering the potential to create significant value for our shareholders. His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO of ADNOC and Chairman of Borouge, witnessed the ceremonial signing in Beijing, along with Liao Zengtai, Chairman of Board of Wanhua Chemical and Fuzhou Mayor, Wu Xiande. The agreement was signed by Hazeem Sultan Al Suwaidi, CEO of Borouge PLC, on behalf of Borouge as part of the consortium and by Kou Guangwu, CEO of Wanhua Chemical Group. #InternationalExpansion #Innovation #Polyolefins #ChinaMarket #Growth
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As we welcome the Hijri New Year, we want to take a moment to send our heartfelt wishes to you and your loved ones. May this year be filled with joy, success and prosperity. #Borouge #HijriNewYear #IslamicNewYear
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On the occasion of Eid Al-Adha, we extend our warmest wishes to you and your loved ones. May these blissful days be filled with joy and happiness. From all of us at Borouge, Eid Mubarak! #Borouge #EidMubarak
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Borouge is pleased to be the first in Asia to have its PE100-RC pipe material officially included in the PE100+ Association’s newly introduced ‘PE100-RC+ Quality Materials List’. This is a testament to Borouge’s long history in delivering high-quality solutions, giving our partners and customers greater confidence in their infrastructure projects. This achievement reaffirms Borouge’s unwavering commitment to offering solutions for durable and sustainable infrastructure for a better tomorrow. #Borouge #PE100RC #Infrastructure #Sustainability #InspiringTomorrow
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We’re honoured that the financing of the Borouge 4 expansion project has been recognised as “deal of the year” at the Bonds, Loans & Sukuk Middle East Awards. The $3.19 billion loan was facilitated by a consortium of 19 banks and represents one of the largest financings backed by SACE, Italy’s export credit agency. One of the largest industrial projects in the region, the third-generation polyolefins plant is making an important contribution to the UAE economy and will drive Borouge’s accelerated growth in the coming years. #Borouge
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We are honoured that Borouge has been recognised by Forbes as one of the "Top 100 Listed Companies in the Middle East" for 2024, ranked at #32. This achievement is a testament to our commitment to excellence and innovation. Read more: https://lnkd.in/dWyrc2R2 #Borouge #ForbesTop100 #MiddleEast
We have unveiled our Top 100 Listed Companies ranking for 2024, highlighting the region's biggest, most valuable, and most profitable enterprises. Dominating the list, GCC companies secured 92 spots, with the UAE leading at 32 firms, closely followed by Saudi Arabia with 31.