Hellmann UAE creates joint venture – Hellmann Indu Chemical
Hellmann UAE has successfully launched its third vertical joint venture, Hellmann Indu Chemical (HIC), after having already created a leadership position in both automotive and healthcare verticals within the Middle East. The strategic joint venture is formed together with the asset based, local logistics firm Indu Maritime Group. Indu Maritime Group, also a family owned business, has more than a million sq. ft. of its own warehousing space in the Jafza.
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 is 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.
The chemical industry is the second largest industry sector in the GCC region worth US$108 billion. The growth of this industry has been almost organic due to the local capacity expansion. Taking the high tide, globalization of GCC’s petrochemical industry has been a success due to the development of several joint ventures in key Asian markets. Hellmann is one of the leading international logistics provider to create such a niche chemical warehousing solution in the Middle East.
Image: From right,
Simon Reah, Chief Operating Officer – Contract Logistics Hellmann Worldwide Logistics Middle East and South Asia (MESA);
Madhav Kurup CEO – Hellmann Worldwide Logistics Middle East and South Asia (MESA);
Kishore Lakhani, Chairman, Indu Maritime Group;
Kush Lakhani, Managing Partner, Indu Maritime & Logistics;
Aijaz Mohammad, Partner, Indu Maritime & Logistics