Borouge sets up logistics hub in Singapore

Borouge has signed a service contract with CWT Logistics Pte. Ltd., Singapore, to establish the Borouge South East Asia(SEA) Logistics Hub. Under the contract, CWT will provide local logistics services for Borouge's customers in Asia for duration of 10 years effective the start of its operations in 2010. CWT Logistics will handle the design, development and construction of a packaging facility, as well as provide dedicated existing state-of the- art warehouse facilities in Singapore for the storage of Borouge products. CWT will also be providing packaging services and an integrated container depot to be able to handle a total annual volume of approximately 330,000 tons of polyolefins dispatched by Borouge from Abu Dhabi to its SEA logistics hub. www.borouge.comNew Balance