The UAE arm of Hellmann Worldwide Logistics recently announced at the Middle East Coatings Show in Dubai a new joint venture with Indu Maritime Group.
This is Hellmann’s third vertical joint venture and has been named Hellmann Indu Chemical (HIC). The strategic joint venture also includes the asset-based Indu Maritime Group, a local logistics company.
The Indu Maritime Group is a family owned business and can boast more than one million sq. ft. of warehousing space in the Jebel Ali Free Zone.
Three facilities create an umbrella for the joint venture with a current total of 15,000 pallet positions with a further expansion of 5,000 more pallet positions planned.
In the GCC region, the Chemical industry is the second largest sector and is worth over $108 billion, the growth in this sector has been nearly all organic resulting from local capacity expansion.
CEO of Hellmann Worldwide Logistics, Dr. Thomas Knecht said, “The Middle East is an important market for the Hellmann Group. The joint venture hence is for us a great opportunity to further expand our business in the area together with a leading regional partner.”
Madhav Kurup, CEO for Hellmann Worldwide Logistics Middle East, and South Asia (MESA), when signing the agreement stated, “Our ongoing strategy to create state-of-the-art infrastructure, niche industry expertise, and globally benchmarked systems and processes that can add value to our customers´ supply chain within this region is the backbone for our outstanding growth over the last years. This new venture is another step in this direction for our sustainable growth.”
Chairman of Indu Maritime Group, Kishore Lakhani said, “We are honored to partner with a family owned global giant within the logistics industry like Hellmann. Our infrastructure combined with Hellmann’s global expertise, systems and processes will enable us to provide the best solution to the chemical industry in the region.”