Vimpex to establish warehouse in IMPZ

DUBAI — The Vimpex group of companies, a market leader in the region's paper industry, has leased land within the International Media Production Zone (IMPZ) to construct a new warehouse to support its logistical operations in the region.

By (WAM)

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Published: Mon 16 May 2005, 10:31 AM

Last updated: Thu 2 Apr 2015, 5:08 PM

A press release said that IMPZ has already attracted several high-profile companies and the zone will further benefit from the presence of the Vimpex group, which would be the first company to exclusively produce and distribute paper and board in the Arab region.

Vimpex currently comprises 14 member companies, including distributors, converters and supporting companies, with a total warehousing capacity of over 100,000 square metres. The company has been distributing paper and other related products to the Arab world for several years now. Vimpex has grown into a company with a sales staff of over 250 employees and annual sales of over 500,000 tonnes.

"The move to acquire land in the IMPZ marks a new growth phase for the Vimpex group. It will facilitate us to serve more neighbouring countries. The IMPZ warehouse will be bigger and it will enable us to accommodate higher stock levels. Moreover, the move is also strategic one as it will enable us to compete with several other market leaders in the printing and publishing world," commented Louai N. Kuzbari, vice-president, Vimpex.

"I am delighted that Vimpex is going to establish it spresence at the IMPZ. They will greatly benefit the zone with their years of market experience and know-how," commented Mohammed bin Ghalib, project director, IMPZ.

"The paper industry in the Middle East region looks optimistic despite earlier predictions about a 'paper-free office'. The current estimated per-capita paper production is 27kg and is expected to reach 36kg by 2010, and the amount of growth has been largest in markets of UAE, Saudi Arabia and Kuwait," says Louai N. Kuzbari.

The thriving consumer goods industry has spurred more printed advertising and packaging. Newspaper and magazine circulation have also increased rapidly, and the growing population of those below 18 years of age, has raised the demand for text books and note books.

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