Khalid Al Qasimi inaugurates FZE plant in Sharjahs Hamriyah Free Zone

SHARJAH, 11th March, 2017 (WAM) -- Sheikh Khalid bin Abdullah bin Sultan Al Qasimi, Chairman of the Hamriyah Free Zone Authority, inaugurated the plant of Petroleum Specialities (FZE), a specialised manufacturer of industrial white oils, in the Hamriyah Free Zone.

The new plant is the first completely-owned subsidiary of its parent company, Apar Industries Limited, outside India.

The opening ceremony was held on 9th March and was attended by Saud Salim Al Mazrouei, Director of the Hamriyah Free Zone Authority (HFZA); Kushal Desai, Chairman and Managing Director of Apar Industries; and Sanjay Abhyankar, Vice President of Sales, as well as a number of government officials, investors, businessmen and senior directors from the HFZA and the company.

Sheikh Khalid bin Sultan walked into many of the departments and sections of the 30,000 square-metre, fully-automated plant. During the tour, Al Qasimi and the chief guests were briefed on its phases of production.

Al Mazrouei said that the FZE plant will have a prestigious status in the Hamriyah Free Zone, as it is a subsidiary of Indias largest, and one of the worlds top manufacturers of special types of industrial oil.

He emphasised that the launch of vital projects in the Hamriyah Free Zone will continue. "We will continue our efforts to build partnerships and attract diverse investments to keep pace with the economic development in Sharjah, as the emirate enjoys one of the most diversified and attractive economies in the entire region," he added.

"The inauguration of the plant, the first and largest of its kind in the region, which is expected to meet the demand for high-quality industrial oil products in the regional markets, is proof of the HFZAs successful strategy in attracting international firms. This will inspire us to increase our efforts to attract more thriving investments from across the world to the Emirate of Sharjah. We will continue to improve our practices, services and facilities to achieve this goal," he further added.

Kushal Desai, Chairman and Managing Director of Apar Industries, was delighted with the opening of their first fully-owned plant outside India, particularly in Sharjah, within the framework of the longstanding friendship between India and the UAE.

He said that Petroleum Specialties FZE is the first 100 percent Apar-owned plant outside India. It is an US$18 million project, located on a 30,000 square metre plot in the Hamriyah Free Zone in Sharjah, with proximity to Hamriyah Port and Main Jetty. The developed area is 10,000 square metres. The plant is also equipped with a 1.4-kilometre jetty pipeline.