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ADBIC and Maersk Logistics conclude joint study on logistic services centre
for Abu Dhabi Polymers Park
Abu Dhabi, United Arab Emirates, January 10, 2009: Abu Dhabi Basic Industries Corporation (ADBIC) and Maersk Logistics have successfully concluded a joint study to explore the feasibility of providing end-to-end supply chain services to tenants at Abu Dhabi Polymers Park.
The joint study, initiated through a Memorandum of Understanding signed in July 2008, highlights Abu Dhabi Polymers Park's continued commitment to serve the global polymer conversion industry with the ideal industrial cluster through providing tenants with the essential capabilities to become and remain competitive in a global market. Specifically, the logistics centre will offer tenants the benefit of reduced inventory levels, lead-time, supply variability, total supply chain costs and improved visibility.
The study aims to capitalise on Maersk Logistics' proven global experience in the petrochemical sector and cutting edge infrastructure to maximize the impact of these benefits. The Abu Dhabi Polymers Park logistics centre will serve as a conduit between tenants and the regional petrochemical resin suppliers, allowing for greater integration and benefit to be realized throughout the value chain.
Senior Vice President of Abu Dhabi Polymers Park, Mohammed Hasan Al Qamzi, states, "This study is backed by our vision to offer tenants access to a single dedicated service provider to handle the inbound, onsite and outbound logistics at a competitive cost. The Park reflects the emirate's commitment towards diversification through industrial development and we are convinced that this endeavour will take us a step further towards achieving our goal."
Outlining his company's role in the joint study, Klaus Dahl Tindborg, Regional CEO from Maersk Logistics explained, "Our proven global experience in the petrochemical sector and cutting-edge infrastructure can add tremendous value to Abu Dhabi Polymers Park tenants by providing a full portfolio of unparalleled supply chain services with scalability and flexibility to remain competitive as the park develops."
About Abu Dhabi Basic Industries Corporation:
Abu Dhabi Basic Industries Corporation (ADBIC) is an industrial development and investment company created to facilitate the expansion of sustainable industrial activity in Abu Dhabi in the base metals (aluminium, steel and copper) and petrochemicals sectors, as well as other basic industries.
Established in 2007, ADBIC is a wholly-owned subsidiary of the Abu Dhabi government's General Holding Corporation. Current investments include: Emirates Steel Industries, the largest and only integrated steel plant in the UAE; and Abu Dhabi Polymers Park - an industrial zone dedicated to the plastics conversion industry with total output capacity of over 1 million tonnes per annum. The park encompasses 4.5 km2 and includes shared services such as technical and logistics centres.
ADBIC supports economic diversity within the Emirate of Abu Dhabi through the development of industrial clusters. Through capacity building, co-operation with sister companies, and joint ventures, ADBIC uses an integrated approach towards building industrial supply chains and creates opportunities through leveraging global competitive advantages.
About Maersk Logistics:
Maersk Logistics provides responsive supply chain solutions customised to your integrated supply chain, warehousing and distribution, or multi-mode transport needs. A recognised leader in the international logistics market, Maersk Logistics has over 4,000 dedicated employees who are always available to support your business from over 200 offices in more than 90 countries.
Maersk Logistics is part of the A.P. Moller - Maersk Group, a worldwide organisation with about 117,000 employees and offices in around 130 countries. In addition to owning one of the world’s largest shipping companies, the A.P. Moller - Maersk Group are also involved in a wide range of activities within the energy, shipbuilding, retail and manufacturing industries.
For further information, please contact:
- Abu Dhabi Polymers Park -
Mohammed Hasan Al Qamzi, Senior Vice President
info@polymerspark.com -
Maersk Logistics -
Klaus Dahl Tindborg or Anthony Elwine
klaus.dahl.tindborg@maersk.com
- anthony.elwine@maersk.com
Posted January 17, 2009
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