|21 August, 2019

KIZAD and AIPMA open new investment opportunities for Indian polymer companies

A strategic agreement between KIZAD and All India Plastics Manufacturers' Association highlights 'KIZAD Polymers Park' as an industry enabler

KIZAD and AIPMA open new investment opportunities for Indian polymer companies

Abu Dhabi: Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of Abu Dhabi Ports, has signed a strategic agreement with All India Plastics Manufacturers' Association (AIPMA) to support Indian polymer investors in expanding their geographic and economic reach through KIZAD. The move also highlights KIZAD Polymers Park as a tailor-made manufacturing and distribution location for the industry.

The agreement, signed earlier this month in Delhi, underscored KIZAD Polymers Park’s access to raw materials from regional producers and connectivity through KIZAD’s major transport links, which include Abu Dhabi Ports’ flagship deep-water port, Khalifa Port as well as international airports.

Commenting on the agreement, Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said: “We look forward to hosting Indian businesses at KIZAD and supporting the location, position and business ecosystem. Our aim is to provide investors from all over the world an enabling environment to do business and a platform for growth that is unparalleled in the Gulf and the Middle East region. Through this agreement we will be increasing our contributions to the economy of Abu Dhabi and the UAE as a whole, and at the same time help further the UAE’s relationship with India, a long-standing economic partner of our country.”

Samir Chaturvedi, CEO, KIZAD, said: “This agreement is an excellent step towards supporting the growth of India’s massive plastics and polymers businesses. KIZAD Polymers Park has been specifically designed to enable this sector to be cost-effective and time-efficient in an ideal strategic location which has the perfect logistics for companies to expand or enter into foreign markets.”

Meela Jayadev, President of AIPMA said: “India has an enormous plastic and polymers manufacturing industry and the UAE is one of our top five import markets. The MoU with KIZAD and the potential to work with them to increase our mutual opportunities in new markets is an excellent strategic move on both our parts.” 

KIZAD Polymers Park caters to a variety of different polymers segments, including industrial use, such as packaging, construction, and semi-finished products; end-use customers, such as household goods, agriculture and hygiene products; material science, including compounded and composite materials, and 3D Printing. Currently 19 polymers companies are based at KIZAD, including Gulf Compound Blending, Cosmoplast, Interplast, Industrium, Songwon Polysys and Schmidt Middle East. These companies are already leveraging KIZAD’s interconnected business facilities as well as smart technology platforms such as Maqta Gateway, Abu Dhabi Ports’ online community business platform.

-Ends-

About Abu Dhabi Ports
Abu Dhabi Ports was established in 2006 with the mission to transform the Emirate’s maritime infrastructure and support the vision of its Leadership to be at the forefront of maritime, trade and industry.
Today, it operates 11 ports and terminals across the UAE and abroad, as well as Khalifa Industrial Zone Abu Dhabi, the Emirate’s integrated trade, logistics and industrial hub.
The flagship of the company is Khalifa Port. Inaugurated in December 2012, it was the first semi-automated container port in the region. The port is currently undergoing a five-year, AED 10 billion expansion that is being driven by partnerships with some of the world’s leading maritime companies, such as COSCO SHIPPING Ports Ltd and MSC Mediterranean Shipping Company. The strategy will see capacity at the port increased from 5 million to 9.1 million. Through its joint venture Fujairah Terminals, Abu Dhabi Ports is also rejuvenating the Port of Fujairah, creating a new gateway to the UAE.
Abu Dhabi Ports is also harnessing emerging technologies to simplify and streamline operations. Its digital entity, Maqta Gateway, is the developer and operator of the first Port Community System in the UAE, and the first UAE entity to test blockchain technology with an international maritime operator, helping to strengthen maritime security.
Abu Dhabi Ports aim to charter a path of sustainable growth by protecting the ocean, encouraging responsible citizenship, and promoting the sharing of knowledge and expertise to fuel entrepreneurship and innovation. “SAFEEN”, which is providing a comprehensive range of marine, navigational and ancillary quayside services as well as VTS Services and fleet maintenance in a safe, secure and efficient manner.
To meet the increasing demand of cruise liners and passengers, Sir Bani Yas Cruise Beach was developed, offerings cruise ship passengers a new beach destination with unmatched tourism experiences.
We want to ensure a legacy across the region and supporting the development of talent is key to this. Through our maritime academy and our investments into the personal and professional development of our employees, we are creating maritime leaders who will carry UAE trade to even greater heights. Additionally, Abu Dhabi Ports also manages the Maritime Training Centre at Musaffah Port. 
In 2019, Abu Dhabi Ports became the first company in the UAE and Middle East to receive the Platinum Accreditation from Investors in People (IIP), an international non-profit standard for people management and training. It also received the Palladium Balanced Scorecard Hall of Fame for Executing Strategy award, which recognises organisations whose well-designed strategies and sustained excellence in execution have yielded industry-leading performance. 

Follow us on twitter: @KizadUAE @AbuDhabiPorts
Follow us on LinkedIn:

For more information, contact:
Abu Dhabi Ports Media Office
Email: media@adports.ae 
Mobile: +971 50 844 5691

Shady Abdel Hamid
Account Director, Brunswick Group
Email: ADPORTS@brunswickgroup.com  
Mobile: +971 56 503 2072

© 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