Production paused in impacted units while the company evaluates damage and carries out repair work.
Dubai: Borouge Plc has confirmed that an incident at its Ruwais Industrial Area facilities on Sunday caused asset damage and temporarily halted operations in the affected units.
The company stated: “Borouge Plc confirms that an incident occurred at its production facilities in the Ruwais Industrial Area on 5 April.”
It added that “following a successful interception by air defence, falling debris caused damage to assets,” while confirming that “there were no injuries and all resulting fires have been brought under control.”
“Production activity in the affected areas has been suspended following the incident while damage assessments and repair work are underway,” the company said in a statement to the Abu Dhabi Securities Exchange (ADX) on Monday.
Underlining market conditions, Borouge added: “A global shortage of polyolefins is driving a strong recovery in prices in March, which has continued into April.”
Borouge stated that it remains well-positioned to manage the short-term impact. “Borouge retains significant financial resilience to navigate near-term operational disruptions due to strong cash generation and ample available liquidity,” the company said.
Highlighting its recent performance, Borouge noted: “In the first quarter of 2026, Borouge achieved high utilisation rates and was able to sell a significant proportion of its production in March through alternative channels.”
The company added that its assessment is based on current information and may be updated as the situation develops.
