Abu Dhabi Polymers Company (Borouge) has announced plans to significantly boost production of pre-compounded black polyethylene for pressure pipe applications by investing in a production unit which will be ready by next year.

UAE-based facilities management (FM) company Farnek is set to benefit from the increased demand for commercial security, particularly manned security detail, over the next four to five years, in the UAE capital.

Dubai Chamber of Commerce and Industry will join members of the global chambers community at the 11th World Chambers Congress (WCC) to be held next month, in Rio de Janeiro, Brazil.

Trukkin, a techno-logistics firm, has raised over $3.5 million in the recent funding round, which included marquee investors from the Al-Namlah Family Group, the Al-Madi Family Group, and the Abanumay Family Group.

The Arab Brazilian Chamber of Commerce (ABCC) reported that a total of $980.4 million worth of products were exported by Brazil to Arab countries in April of this year.

The Equate Group, a global producer of petrochemicals, today announced a net income after tax of $183 million for Q1 2019, a 57% decrease from $435 million in the same period last year.

DEAL WITH EAST HOPE
Chinese manufacturing giant East Hope Group is working with Abu Dhabi’s Kizad on the feasibility of setting up a development worth more than $10 billion at the industrial hub.

Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), has announced the acquisition of a 76% stake in Kribhco, a multi-modal logistics operator in India.

Packaging industry, which accounted for a share of 28.8% of the polypropylene demand in India in 2017, is set to drive the country’s polypropylene plant capacity over the next four years, according to a report.

Majid Al Futtaim, a leading shopping mall developer and leisure pioneer in the region, has signed a deal with UAE-based Yellow Door Energy, to bring solar power into the stores of retail giant Carrefour in Jordan.

DuPont Water Solutions, which offers its industry-leading knowledge on sustainable water management, provided technical assistance to the Safi plant in Ajman to install and manage the system that produces low conductivity water.

600MW ENERGY BOOST
Dubai Electricity and Water Authority (Dewa) said steady progress is being made on the 300MW second stage of Phase Three of the Mohammed bin Rashid Al Maktoum Solar Park which will be operational by the end of next month.