Tristar and Stevens Groups form joint venture on hazardous goods in JAFZA

Tristar Hazmat FZCO has an ambitious business plan and aims to become a major industry player in the region over the next five years

  
Eugene Mayne (left) of Tristar and Greg Stevens of Stevens signing the Joint Venture contract. Witnessing are (standing from left) Tristar officers Balaji Nagabhushan (Chief Administrative), Marco Bachechi (Chief Finance) and Sybi Kuruvilla Varghese (Legal).

Eugene Mayne (left) of Tristar and Greg Stevens of Stevens signing the Joint Venture contract. Witnessing are (standing from left) Tristar officers Balaji Nagabhushan (Chief Administrative), Marco Bachechi (Chief Finance) and Sybi Kuruvilla Varghese (Legal).

Dubai, UAE: The Tristar Group based in the UAE and the Stevens Group based in the Netherlands have launched the Tristar Hazmat FZCO in the Jebel Al Free Zone which will provide logistics and supply chain management of hazardous goods and substances throughout the Middle East.

The joint venture brings together the diverse footprint and established network of the Tristar Group in the logistics and supply chain management across the Middle East providing the Stevens Group with a unique opportunity to deploy its niche products and services across the industry.

Tristar Hazmat FZCO has an ambitious business plan and aims to become a major industry player in the region over the next five years.

The Tristar Group’s core expertise lies in handling hydrocarbons, lubricants, chemicals and liquid gases with fully owned infrastructure to manage road transport, warehousing, fuel farms, turnkey fuel supply operations, into plane refueling services, chemical distribution, ship owning and chartering.

The Stevens Group has developed into one of the world’s leading specialist logistics and supply chain management networks for hazardous cargoes. Its client portfolio ranges across a number of industry sectors both domestically and internationally.

Eugene Mayne, Tristar Group CEO, commented: “This is a step in the right direction for our group as we seek to establish a leadership position in storage and handling of dangerous goods and hazardous materials in the GCC. The JV with the Stevens Group will complement our existing DG business and infrastructure to ensure that we import and implement international best practices for safe storage, handling and distribution of all classes of Hazardous Materials.”  

Greg Stevens, Stevens Group Founder and Chief Executive Officer, added that “a key building block of the growth of our business and our global aspiration is to partner with best in class players in the industry with the footprint to maximize our products and services.”

“Tristar are best placed to do this in the Middle East and I am proud and honored to announce this partnership with Tristar today and look forward to working with them through our new company Tristar Hazmat FZCO,” Stevens further said.

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases