Leading packaging manufacturer invests AED 250m in new Abu Dhabi branch
The ground breaking ceremony marked the beginning of construction of Technovaa Packaging Industries Ltd. new manufacturing facility which will be set up with an initial investment of AED 250 million and occupy a land size of more than 35,000 sq. meters in Kizad’s KP4.
“As one of the region’s leading paper and plastic film producers, we are very pleased to welcome Technovaa Packaging Industries Ltd. Kizad’s comprehensive intermodal transportation network and close proximity to Khalifa Port with market access to more than 4.5 billion potential customers and business partners worldwide will not only offer Technovaa Packaging Industries Ltd. enhanced supply chain efficiencies but guarantee smooth, time and cost effective import and export activities,” said Mohamed Juma Al Shamisi, CEO, ADPC, and Chairman, Board of Directors, Kizad.
Hassan Suleman Darvesh, Chairman, DARVESH, added: “Our new branch location provides unprecedented market access, especially through Khalifa Port, which will enable us to expand our export capacity. Our plan is to export 60% of our overall production volume from Kizad to European, Middle East & African markets and cater to the local demand.
Technovaa Industries’ new manufacturing facility in Kizad will be a state of the art facility that will further support their other branches in Dubai and Ras Al Khor. The company has also made a name for itself outside the UAE, with manufacturing facilities for industrial and consumable packaging in other parts of the Middle East, Asia, Africa and Europe. Due to the ever increasing consumer awareness and importance of using eco-friendly products, Technovaa has pioneered the use of biodegradable and recycling technology.
Established in 1997 in Dubai, Technovaa Packaging Industries Ltd. is part of DARVESH, a 105 year old independent family business that has been operational in the Middle East for over 40 years. With the advent of the fourth generation in business, DARVESH has diversified into four business verticals: Industries, Trading, Technologies and Investments.