Exporters

Technovaa to invest $68m in new facility

November 2014

A NEW manufacturing facility, which Technovaa Packaging Industries, specialist in paper and plastic film, is setting up in Abu Dhabi, plans to export as much as 60 per cent of its volume to European, idle East and African markets.

The company, an industrial arm of Darvesh, is investing Dh250 million ($68 million) in the plant which is being built on a plot of more than 35,000 sq m at the Khalifa Industrial Zone Abu Dhabi, better known as Kizad. Work on the construction of the facility began recently.

Mohamed Juma Al Shamisi, CEO of ADPC and chairman of Kizad, said: “As one of the region’s leading paper and plastic film producers, we are very pleased to welcome Technovaa Packaging Industries. Kizad’s comprehensive intermodal transportation network and close proximity to Khalifa Port with market access to more than 4.5 billion potential customers and business partners worldwide will not only offer Technovaa enhanced supply chain efficiencies but guarantee smooth, time and cost-effective import and export activities.”

Hassan Suleman Darvesh, chairman, Darvesh, added: “Our new branch location provides unprecedented market access, especially through Khalifa Port, which will enable us to expand our export capacity. Our plan is to export 60 per cent of our overall production volume from Kizad to European, Middle East and African markets and cater to the local demand.

“Kizad’s highly competitive operating cost environment will provide us with an excellent business platform to further improve our full range of services and competitive pricing strategies, as well as our production and marketing capabilities.”

The new manufacturing facility will further support its other branches in Dubai and Ras Al Khor, he added.

 




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