Hellmann UAE presents new joint venture “Hellmann Indu Chemical“ at Middle East Coatings Show in Dubai
Hellmann UAE presented its third vertical joint venture, Hellmann Indu Chemical (HIC), at the Middle East Coatings Show in Dubai. The joint venture was established after Hellmann 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 1 million sq. ft. of own warehousing space in the Jebel Ali Free Zone. 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 know-how, 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 $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 providers to create such a niche chemical warehousing solution in the Middle East.
“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”, says Dr. Thomas Knecht, CEO of Hellmann Worldwide Logistics.
Signing the joint venture agreement, Madhav Kurup, CEO for Hellmann Worldwide Logistics Middle East, and South Asia (MESA) 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 into this direction for our sustainable growth”.
Kishore Lakhani, Chairman of Indu Maritime Group stated, “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”.
About Hellmann / Indu Maritime Group
Since its foundation in 1871, Hellmann Worldwide Logistics has developed into one of the largest international logistics providers. The company is represented by a worldwide network of 19,500 people in 437 branches in 162 countries. The Hellmann Group generated sales of around EUR 3.0 billion in 2016. The range of services includes the classic forwarding services by truck, rail, air and sea freight as well as an extensive range of services for CEP services, contract logistics, industry and IT solutions.
Indu Maritime & Logistics (IML), a 100% subsidiary of INDU Group, began operations in 2005 by leasing a 5,000 square feet facility from JAFZA. Over time, the company has grown to own almost 1,000,000 square feet of warehousing space in the UAE. In addition to Chemical Warehouses, INDU has developed facilities which focus on industries such as Oil & Gas, Retail, and E-Commerce and is currently constructing a frozen warehouse located in UAE. The company is now branching to East Africa where they will build similar state of the art storage facilities.