Hellmann Indu Chemical joint venture launched in UAE
Hellmann UAE has launched its third vertical joint venture, Hellmann Indu Chemical (HIC), leveraging its activities in both automotive and healthcare verticals in the Middle East.
The strategic joint venture has been formed with the asset based, local logistics firm Indu Maritime Group. Indu Maritime Group, also a family owned business, has more than 1 million sq. ft. of warehousing space in the Jebel Ali Free Zone.
The Joint Venture is an umbrella to three facilities, accounting for a total of 15,000 pallet positions, with a planned expansion of 5,000 more pallet positions.
Equipped with a range of operational local knowhow, dedicated QHSE officers and many other services, HIC intends to be a one stop destination to chemical supply chain solutions.
The natural synergy of the two family-owned companies form the basis for providing a host of high quality services pertaining to warehousing and outbound freight operations for the chemical industry in the Middle East.
Signing the joint venture agreement, Madhav Kurup, CEO for Hellmann Worldwide Logistics Middle East and South Asia (MESA) stated: “Our ongoing strategy to create state-of-the-art infrastructure, niche industry expertise, and globally benchmarked systems and processes that can add value to our customers´ supply chains within this region is the backbone for our outstanding growth over the last few years. This new venture is another step in this direction for our sustainable growth.”
Kishore Lakhani, chairman of Indu Maritime Group stated: “We are honoured to partner with a family owned global giant within the logistics industry like Hellmann. Our infrastructure combined with Hellmann’s global expertise, systems and processes will enable us to provide the best solution to the chemical industry in the region.”
The chemical industry is the second largest industry sector in the GCC region worth US $108 billion.