Abu Dhabi Ports welcomes Kuwaiti company subsidiary to Kizad

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Abu Dhabi Ports welcomes Kuwaiti company subsidiary to Kizad
Mana Mohammed Saeed Al Mulla and Khaled Al Saleh.

Published: Tue 29 Nov 2016, 4:08 PM

Last updated: Tue 29 Nov 2016, 11:01 PM

Abu Dhabi Ports on Tuesday signed a Musataha agreement to build a new manufacturing plant in Khalifa Industrial Zone (Kizad) with an investment of Dh10 million.
The agreement was signed by Mana Mohammed Saeed Al Mulla, CEO of Kizad, and Khaled Al Saleh, CEO of Integral Plastic Industries Co, a subsidiary of Kuwaiti company, Light Industries Holding Co.
The manufacturing facility will be built on a plot of 21,649 square metres in Kizad with the aim of producing 15,000 tonnes 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.
"The development of Integral Plastic Industries' 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," Al Mulla said. Khaled Al Saleh, said: "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."
- business@khalejtimes.com

By Staff Report

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