Tristar and Stevens Groups Form Joint Venture on Hazardous Goods in JAFZA
Dubai-based Tristar Group and the Stevens Group based in the Netherlands have launched the Tristar Hazmat FZCO in Jebel Al Free Zone to 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 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 CEO, 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 added.