MOSCOW (MRC) -- Borouge and Borealis strengthened their positions as long-term trusted partners of the global wire and cable industry with a full showcase of cutting-edge solutions for advanced insulation and cable protection applications at Middle East Electricity 2016 held in Dubai from 1-3 March 2016, said Borealis.
The exhibition was officially opened by HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, who visited the Borouge and Borealis joint stand and was briefed on the latest innovative plastics solutions that both companies offer to wire and cable manufacturers and customers.
At the exhibition, Borouge highlighted the completion of the high pressure low density polyethylene (LDPE) and the cross-linkable polyethylene (XLPE) compounding plants at Ruwais. Complementing the Borealis high pressure LDPE and XLPE plants at Stenungsund, Sweden, the new capacity expansion facilities will run on the same state-of-the-art Borlink™ closed loop technology platform, delivering advanced, super clean XLPE solutions to cable makers, enabling them to manufacture quality end products in accordance with the highest industry standards.
Building on the excellent track record of Borlink HVDC solutions, another highlight at the Borouge and Borealis joined booth in the exhibition was the new Borlink LS4258DCE, an XLPE technology specially designed for the demanding High Voltage Direct Current (HVDC) applications. Type testing has been completed at 525kV based on cables produced using this grade together with Borlink LE0550DC semi-conducting screen compound. This industry leading performance is made possible by the unique properties of the insulation, which combine high levels of chemical and physical cleanliness to achieve a step change in DC electrical performance.
As MRC informed earlier, Borealis (Vienna) reported a huge increase in fourth-quarter and full-year profits, making 2015 the best year in the company’s history. Net profit in the fourth-quarter rose 72% to EUR242.0 million (USD264.6 million) and in the full-year was up by 73% to EUR988 million.
Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. Borealis is headquartered in Vienna, Austria, and operates in over 120 countries with around 5,300 employees worldwide.
MRC