January 30, 2019
Combining cutting-edge technologies and expertise, Gulf Compound Blending Ind. Ltd (GCB), a joint venture company from Italy, will re-process waste and non-prime materials in the UAE to create new polymer products
Abu Dhabi, United Arab Emirates, 30 January, 2019: Khalifa Industrial Zone Abu Dhabi (KIZAD), the largest industrial zone in the Middle East and a subsidiary of Abu Dhabi Ports, has announced that Gulf Compound Blending Ind. Ltd (GCB), which is part of the newly launched KIZAD Polymers Park, will be establishing a new polymer facility within the industrial zone.
Gulf Compound Blending Ind. Ltd (GCB), a newly-formed joint venture between Met T&S (Maire Tecnimont Group), M. Cecchi & Co and Arab Development Establishment is set to manufacture and supply thermoplastic materials using waste and non-prime materials in the UAE. The facility will produce new compound products specifically customised for targeted industries and will provide a link between raw material producers and plastic material manufacturers. The new initiative, with support from ARDECO, will enable customers to purchase polymer materials specific to their requirements and needs.
Committed to supporting In-Country-Value in the UAE, GCB will establish its core business and hub in Abu Dhabi. GCB, as a second step of development, will expand its activities to plastic recycling as additional feedstock for its compound products, contributing to a new circular economy approach in the UAE.
The 25,000 sqm GCB facility at KIZAD will use Khalifa Port on a daily basis to import and export products. The company’s target capacity is 500 kilo metric tons (KMT) of products per year in the medium to long term and will contribute to KIZAD’s burgeoning polymers hub with its know-how in re-processed and re-conditioned products.
Samir Chaturvedi, KIZAD CEO, said: “Global industrial enterprises continue to recognise the strategic location, long-term competitive commercial advantages and supply chain efficiencies provided by KIZAD.”
“I’m confident that the holistic port-based industrial zone offering provided by the KIZAD and Khalifa Port ecosystem will position GCB to support Abu Dhabi’s Economic Vision 2030 and industrial diversification across the UAE. With some of the world’s largest polymer resin manufacturers based in the UAE, Abu Dhabi is increasingly becoming a major global hub for the sector.”
Mohammed Yousif Al Nowais, GCB Board member and sponsor of the project, said: “We are glad to contribute in such initiative, in line with Abu Dhabi’s long-term strategy. GCB will enable the development of KIZAD and add value to the polymers ecosystem.”
The newly-formed Gulf Compound Blending Ind. Ltd (GCB) joint venture comprises:
· Met T&S (Maire Tecnimont Group): 37.5%
· M. Cecchi & Co (P2 Polimeri Group): 37.5%
· Arab Development Establishment (ARDECO): sponsor, 25%