Gulftainer, the port operator based in Sharjah, has won a five-year management contract to oversee the logistics operations at a plastics plant in the Al Gharbia region owned by Borouge, a key player in Abu Dhabi's industrialisation plans.
Gulftainer has joint ventures in Pakistan, Turkey and the Comoros Islands, while its main businesses are managing the port operations at the Sharjah Container Terminal in the Gulf, and the deepwater Khorfakkan port on Sharjah's east coast. The company was founded 33 years ago.
"This agreement with Borouge is a positive step in our strategy for growth in the region," said Peter Richards, the group director and general manager of Gulftainer, which was founded 33 years ago.
Abdulaziz al Hajri, the chief executive of Borouge, said Gulftainer would provide on-site logistics services at its plant that produces polyolefins, a raw material in plastics and a key focus of the emirate to develop downstream exports from crude oil reserves.
Borouge is a joint venture of Borealis, an Austrian petrochemical company owned by the Government and Abu Dhabi National Oil Company (ADNOC).
It is reportedly proceeding with a third-stage expansion of its plastics facilities to more than double capacity, to 4.5 million tonnes from 2 million tonnes a year between next year and 2014. A second-stage expansion, known as Borouge 2, is scheduled to be finished by the end of next year.
"With the additional polyolefins capacity coming on stream in mid-2010 and the start-up of our logistics hubs in Singapore, and Shanghai and Guangzhou in China, it is important that we optimise our supply chain operations also in Abu Dhabi to ensure we are a long-term reliable partner for our customers throughout the Middle East and Asia," Mr al Hajri said.
Gulftainer's other initiatives include a logistics and haulage joint venture in Pakistan with Pak Shaheen Group; a logistics venture in Turkey formed last year with Demas International; and a 15-year port management concession in the Comoros Islands.
Gulftainer also has a logistics subsidiary, Momentum Logistics, in Sharjah.
igale@thenational.ae
Confirmed%20bouts%20(more%20to%20be%20added)
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The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
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Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
How to report a beggar
Abu Dhabi – Call 999 or 8002626 (Aman Service)
Dubai – Call 800243
Sharjah – Call 065632222
Ras Al Khaimah - Call 072053372
Ajman – Call 067401616
Umm Al Quwain – Call 999
Fujairah - Call 092051100 or 092224411
THE SPECS
2020 Toyota Corolla Hybrid LE
Engine: 1.8 litre combined with 16-volt electric motors
Transmission: Automatic with manual shifting mode
Power: 121hp
Torque: 142Nm
Price: Dh95,900
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
Company%20Profile
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
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Company%20profile
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The specs
Engine: 4-litre twin-turbo V8
Transmission: nine-speed
Power: 542bhp
Torque: 700Nm
Price: Dh848,000
On sale: now
The%20specs
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