The Indian manufacturer of plastics materials will set up in a greenfield site within KIZAD’s Polymers Park to serve customers in the Middle East as well as expanding its reach in the African and European markets.
Khalid Al Marzooqi, director commercial of KIZAD, said: “The setting up of a packaging company like Shrinath Flexipack setting up in the KIZAD Polymers Park, shows the true value of our cluster-based approach which enables companies within the zone to benefit from each other’s products and services in close proximity, leading to lower cost of production, faster production cycles, and quicker shipment to market.
“KIZAD’s multimodal connectivity including Abu Dhabi Ports’ flagship deep-water port, Khalifa Port, is a boon for companies such as Shrinath Flexipack who plan to export and import out of Abu Dhabi.”
Once completed the new factory will manufacture up to 30,000 tonnes of plastic goods per year.
Ashish Malani, ceo of Shrinath Flexipack said: “Having swift access to key raw materials from within the KIZAD Polymers Park and the ability to ship faster to market thanks to the world-class infrastructure available at KIZAD, is a major advantage to companies such as ours.”
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