Abu Dhabi Ports wel­comes Kuwaiti com­pany to Khal­ifa In­dus­trial Zone

Kuwait Times - - BUSINESS -

Abu Dhabi Ports, the master de­vel­oper, op­er­a­tor and man­ager of the Emi­rate’s com­mer­cial and com­mu­nity ports as well as Khal­ifa In­dus­trial Zone, and In­te­gral Plas­tic In­dus­tries Co. LLC to­day have signed a Musa­taha agree­ment to build a new man­u­fac­tur­ing plant in Khal­ifa In­dus­trial Zone (KIZAD) with an in­vest­ment of AED10 mil­lion. The agree­ment was signed by KIZAD CEO, Mana Mo­hammed Saeed Al Mulla, and Khaled Al Saleh, CEO of In­te­gral Plas­tic In­dus­tries Co., a sub­sidiary of Light In­dus­tries Hold­ing Co, (State of Kuwait). The man­u­fac­tur­ing fa­cil­ity will be built on a plot of 21,649 square me­ters in KIZAD with the aim of pro­duc­ing 15,000 tons per an­num of Plas­tic Bot­tles Pre­form (PET), Plas­tic Bot­tles Caps (HDPE), and Plas­tic Pack­ing Strips Rolls (PET). Pro­duc­tion is ex­pected to com­mence in the first quar­ter of 2018.

Mana Mo­hammed Saeed Al Mulla, CEO of KIZAD, said: “We are pleased with the rapid growth we are wit­ness­ing at KIZAD as we evolve over time to be­come the pre­ferred part­ner for busi­nesses look­ing to in­vest in this mar­ket. The de­vel­op­ment of In­te­gral Plas­tic In­dus­tries Co. Abu Dhabi’s man­u­fac­tur­ing fa­cil­ity in KIZAD will strate­gi­cally ben­e­fit the in­dus­try and its cus­tomers who will now have ac­cess to na­tional plas­tic prod­ucts that meet in­ter­na­tional stan­dards and re­duce their de­pen­dency on im­ports, there­fore re­duc­ing costs of do­ing busi­ness and in­creas­ing the ef­fi­ciency of sup­ply chains.”

CEO of In­te­gral Plas­tic In­dus­tries Co, Khaled Al Saleh, com­mented: “Our de­ci­sion to in­vest in KIZAD was a re­sult of its at­trac­tive busi­ness model which fea­tures an in­te­grated in­fra­struc­ture in a prom­i­nent lo­ca­tion and easy ac­cess to re­gional mar­kets through Khal­ifa Port. Be­ing one of the fastest grow­ing in­dus­trial zones in the re­gion, KIZAD has met all the re­quire­ments of our re­gional de­vel­op­ment strat­egy;it is the per­fect base for our op­er­a­tions which en­ables us to ex­tend our prod­ucts to new mar­kets within the UAE, the Gulf, and the neigh­bor­ing re­gional mar­kets.”

“We will em­ploy the lat­est and best tech­nolo­gies to meet the grow­ing de­mand of our cus­tomers in the Gulf re­gion for high-qual­ity prod­ucts that meet best in­ter­na­tional stan­dards. We will also of­fer our cus­tomers the op­por­tu­nity to visit our fa­cil­ity once com­plete in or­der to ex­pe­ri­ence our pro­duc­tion process first-hand and per­son­ally track their or­ders.” In­te­gral Plas­tic In­dus­tries Co.-Abu Dhabi was es­tab­lished in 2016 as a Lim­ited Li­a­bil­ity Com­pany reg­is­tered at the UAE Min­istry of Econ­omy. The com­pany is also li­censed by the In­dus­trial De­vel­op­ment Bu­reau and the Abu Dhabi De­part­ment of Eco­nomic De­vel­op­ment.

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