التكنولوجيا وأخبارها بوابة الإمارات لتكنولوجيا المعلومات والإتصالات
ShrinathFlexipack to produce 30,000 metric tonnesof plastics per annumon greenfield site at KIZAD’s Polymers Park
ShrinathFlexipack Pvt Ltd, India’s leading manufacturer of plastic packaging materialshas finalisedan agreementto build its first factory in the Middle East at KIZAD.
The investment of AED 55 million ($15 million) will allow the Hyderabad plastics playerto
set up on a greenfield site within KIZAD’s Polymers Park.
The new facility will serve ShrinathFlexipack’s clients in the Middle East, while also
enabling the firm to expandits reach intoAfrican and European markets.
Khalid Al Marzooqi, Director Commercial, KIZAD, said: “The setting up of a packaging
company like ShrinathFlexipack setting up in the KIZAD Polymers Park, shows the true value of our cluster-based approach which enables companies within the zone to benefit from each other’s products and services in close proximity, leading to lower cost of production, faster production cycles, and quicker shipment to market.
“KIZAD’s multimodal connectivityincluding Abu Dhabi Ports’ flagship deep-water port, Khalifa Port, is a boon for companies such as ShrinathFlexipackwho plan to export and import out of Abu Dhabi.
“The benefits and ease of setting up, combined withour ability to offer theregion’s lowest
utility rates ensure KIZAD is the ideal location for a business to grow and succeed.”
ShrinathFlexipack is part of the Shree Group of Industries, a leading Indian supply chain,
logistics and warehousing group with operations in flexible packaging, masterbatches, poly
bags, stretch and specialityfilms, laminated woven sacks,and pharmaceutical products.
Upon completion, ShrinathFlexipack’s newly constructed Abu Dhabi site will produce up to
30,000 metric tonnes of plastic goods per annum.
Ashish Malani, CEO, ShrinathFlexipack, said: “We anticipate great success in AbuDhabi, and
we appreciate KIZAD’s support in helping usset up and connect to its integrated polymer-
centric logistics hub.
“Our presence in KIZADemphasises our determination to strengthen and expand our
offering and ensure our business breaks into new markets.
“Having swift access to key raw materials from within the KIZAD Polymers Park and the
ability to ship faster to market thanks to the world-class infrastructure available at KIZAD,
is a major advantage to companies such as ours.”
Once in operation, the new factory is expected to use ultra-modern European extrusion
lines to produce stretch and cling films.
Serving as the largest producer of PE stretch andcling films in India, Shree Group of
Industries today employs more than 1,200 workers and reports annual sales of up to $150
million.
