Saudi Arabia joint venture for NewPort and S.A. TALKE
The global tank container operator NewPort has entered into a joint venture with TALKE Group’s Saudi Arabian subsidiary.
The companies have joined forces to support the booming chemical industry in the Middle East with quality logistics services. TALKE Group has been an established player in the region for ten years, NewPort is strengthening its long-term foothold in the area with the joint undertaking.
S.A. TALKE has been the agency for NewPort in Saudi Arabia for several years. The newly-founded joint venture will enable both partners to increase business volumes significantly and offer a wider range of logistics services in the Middle East.
NewPort Tank Containers operates more than 13,000 deep-sea tank containers around the world and together with S.A. TALKE in Saudi Arabia, will own and operate NewPort Saudi Arabia Ltd. The joint undertaking will be headquartered in Al-Jubail on the Saudi Arabian Gulf Coast.
“We have cooperated closely with S.A. TALKE in Saudi Arabia for several years,” said Rob van Mourik, NewPort's vice president, EMEA. “Entering the joint venture is a natural extension of this partnership. Jointly, we are now even closer to our customers in the chemical and petrochemical industry.
“This new joint undertaking will enable NewPort to offer its customers in the chemical sector an even broader range of logistics services. And our office in Jubail places us in the heart of the booming chemical industry.”
NewPort also runs its own office in Dubai and agencies across countries in the GCC region.
TALKE Group has been active in the Middle East for about ten years and has seen strong growth in many Gulf Cooperation Council (GCC) member countries. Due to the market, the focus to date has mainly been on handling plastic polymers. The chemicals logistics specialist handles around 10 million tons of these intermediates per year. Increasingly, TALKE is also offering logistics services for liquid chemicals, the company's core competence, in the region. In this way, it facilitates the developing structural change towards local manufacture of more finished products in the Gulf region.
“We are pleased that we have been able to reinforce our successful partnership with NewPort with the joint venture,” said Richard Heath, director Middle East & Asia at TALKE. “Saudi Arabia is the largest of the many GCC markets we are active in.”
Oliver Klingbeil, S.A. TALKE's general manager, added: “The diversification of the chemical industry in the region and the growing significance of specialty chemicals require a much broader range of services. The demand for ISO tank containers and professional transport services is constantly rising in the Gulf region. NewPort’s large tank container fleet and our expertise in materials handling in Saudi Arabia complement each other perfectly. Together, we can handle large volumes for our customers and offer them a genuine full-service package.”