The agreement was signed by KIZAD CEO, Mana Mohammed Saeed Al Mulla, and Khaled Al Saleh, CEO of Integral Plastic Industries Co., a subsidiary of Light Industries Holding Co., (State of Kuwait).
The manufacturing facility will be built on a plot of 21,649 square meters in KIZAD with the aim of producing 15,000 tons per annum of Plastic Bottles Preform (PET), Plastic Bottles Caps (HDPE), and Plastic Packing Strips Rolls (PET). Production is expected to commence in the first quarter of 2018.
Mana Mohammed Saeed Al Mulla, CEO of KIZAD, said: “We are pleased with the rapid growth we are witnessing at KIZAD as we evolve over time to become the preferred partner for businesses looking to invest in this market. The development of Integral Plastic Industries Co. Abu Dhabi’s manufacturing facility in KIZAD will strategically benefit the industry and its customers who will now have access to national plastic products that meet international standards and reduce their dependency on imports, therefore reducing costs of doing business and increasing the efficiency of supply chains.”