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Mustafa: breaking the cost curve

Mustafa: breaking the cost curve



Almajdouie hails Petrology

The prominent Saudi logistics provider will leverage its expertise with the skills of its overseas partners to provide a vital service to the petrochemical industry

October 2015

Petrology, a joint venture between Almajdouie Logistics (Saudi Arabia), De Rijke (The Netherlands) and Sumitomo Warehouse (Japan), has opened its office in Bahrain.

S I Mustafa, a board member of Almajdouie Holding, inaugurated the Petrology office in the kingdom, said a statement from the company.

Petrology aims to serve the growing logistics needs of the petrochemical industry by bridging the gap between demand and supply, it said.

The company will serve customers’ needs with innovative and fast solutions on a global scale, capitalising on each of the three company’s competencies from a geographical, cultural and technical perspective, added the statement.

With this, Almajdouie Logistics Co transfers further technical know-how from abroad, and increases its wide network of joint ventures and networking partners, it said.

Mustafa said: “All three partners have a proven expertise in executing and operating supply chain solutions within their territories. The three powerhouses are jointly aiming to break the cost curve to ensure competitive advantage for the petrochemical industry across the global value chain,” he added.

ALMAJDOUIE HONOURED

Meanwhile, the Almajdouie Spark Programme, powered by Almajdouie Holding Company and which encourages innovative ideas among staff, has bagged five excellence awards from the prestigious Ideas America organisation at its summit in Baltimore, USA.

The awards were: Seer Gold Award for 100 per cent participation given to Almajdouie Holding Company; Seer Silver Award for suggestions per 100 employees – Almajdouie Holding Company; Gold Medal for Best Communications – Almajdouie Spark; Kudos Award for exceptional involvement – Manoj Philip; Honourable Mention for the best programme administrator – Manoj Philip.

Almajdouie said more than 55,000 ideas from all group staff emerged through this programme, which contributed to the improvement and development of many aspects of daily work as well as cost savings.

Under a recent Spark campaign, a Hyundai car and cash awards were offered.




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