Agility Opens State of the Art Borouge Logistics Hub in Shanghai
Shanghai, China, 10 June 2010 - Agility, a leading global logistics provider, today celebrated the opening of the Shanghai Logistics Hub. As one of the biggest facilities of its kind in China to date, the 66,000 sq m hub will receive and distribute up to 600,000 tons of polyolefins annually from Borouge's plant in Abu Dhabi, UAE. Agility Abu Dhabi designed, constructed and owns this state of the art facility and will manage operations and distribution to the Asian market over 10 years.
The Shanghai Logistics Hub will receive polymer resins in bulk containers directly from the Borouge Middle East gateway situated at Ruwais in Abu Dhabi. These polymers are used in a wide range of applications including pipe systems, wires and cables, automotive components and advanced packaging as well as household white goods.
Adjacent to the Logistics Hub is a 30,000 sq m Compound Manufacturing Unit (CMU) which produces 50,000 tonnes of polymer compounds each year. Agility Abu Dhabi, a joint venture between Agility, Mubadala Investment Company and Al Dahra, designed the building infrastructure and service connections that support the CMU.
The world manufacturing footprint of the petrochemicals industry is in major change with production in the Middle East expected to more than double by 2015. The Shanghai Logistics Hub successfully demonstrates the key role Agility is playing in facilitating trade and investment flows and opening gateways from the Middle East to Asia and emerging markets, said Philip Browitt, Chairman of the Agility Chemical Specialty business.
Commenting on the project, James Gagne, Agility, Chief Executive Officer, Greater China said, With its understanding of emerging markets and how business is done, Agility offered Borouge valuable market and industry expertise as well as, through our partner Schmidt Heilbronn, in-depth technical knowledge in polymer handling. Combined with our integrated business solutions approach, we provide our customers with a valuable supply chain advantage.
Elias Monem, Board Member, Agility Abu Dhabi emphasized that The Shanghai Logistics Hub is the first of many such projects and Agility is uniquely positioned and committed to undertake and successfully deliver large-scale projects to facilitate significant and exponential growth in emerging markets.
The ceremony was held on the site in Fengxian with more than 100 attendees from Agility, Borouge, local government officials, and other dignitaries in attendance. Borouge is a joint venture between Abu Dhabi National Oil Company (ADNOC) and Borealis, a leading provider of chemical and innovative plastics solutions.
About Agility
Agility is one of the world's leading providers of integrated logistics to businesses and governments. It is a publicly traded company with close to $6 billion in annual revenue and 32,000 employees in over 550 offices and 120 countries. Agility brings efficiency to supply chains in some of the globe's most challenging environments, offering unmatched personal service, a global footprint, and customized capabilities in developed and emerging economies alike.
Agility's commercial division, Agility Global Integrated Logistics (GIL), is headquartered in Switzerland and provides supply chain solutions to customers in technology, retail, chemicals, and other industries. Agility Defense & Government Services (DGS) offers logistics services to governments, relief agencies and international institutions worldwide. Agility Infrastructure group companies primarily focus on opportunities in the Middle East, Africa and South Asia, providing infrastructure support in the areas of industrial real estate, customs optimization, and airline services. For more information on Agility, please visit www.agilitylogistics.com
About Borouge
Borouge is a leading provider of innovative, value creating plastics solutions. With a heritage of reliable customer partnership and value creation through innovation, Borouge is a unique company that brings together the very best of Europe and the Middle East.
Established in 1998 as a joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world's largest oil and gas companies, and Borealis a leading provider of innovative, value creating plastics solutions, Borouge is a groundbreaking international partnership at the forefront of next generation plastics innovation. Borouge's state-of-the-art petrochemical complex is located at Ruwais, Abu Dhabi in the United Arab Emirates. Together, Borouge and Borealis employ unique Borstar ® technology to produce differentiated products for high-value infrastructure (water, gas and industrial pipe systems, power and communication cables), automotive and advanced packaging. For more information on Borouge, please visit www.borouge.com
For further information:
Keith Stimpson
kstimpson@webershandwick.com
0041 22 879 85 01
Walter Bruderer
wbruderer@webershandwick.com
0041 22 879 85 19
Christel Stadelmann
cstadelmann@webershandwick.com
0041 22 879 85 24