by wampublishedwednesday, october 08, 2014technovaa packaging industries ltd., the industrial arm of darvesh and one of the leading paper productsplastic film producers in the region, is to set up a new manufacturing facility at the khalifa industrial zone abu dhabi kizad, with an initial investment of dh250 million, abu dhabi ports company adpc has announced in a statement.a groundbreaking ceremony marked the beginning of construction of the technovaa packaging industries ltd. site which will occupy an area of more than 35,000 sq. metres in kizads kp4. as one of the regions leading paper and plastic film producers, we are very pleased to welcome technovaa packaging industries ltd.. kizads comprehensive intermodal transportation network and close proximity to khalifa port with market access to more than 4.5 billion potential customers and business partners worldwide will not only offer technovaa enhanced supply chain efficiencies, but guarantee smooth, time and cost effective import and export activities, said mohamed juma al shamisi, ceo, adpc, and chairman, board of directors, kizad.hassan suleman darvesh, chairman of darvesh, added, our new branch location provides unprecedented market access, especially through khalifa port, which will enable us to expand our export capacity. our plan is to export 60 per cent of our overall production volume from kizad to european, middle east and african markets and cater to the local demand. furthermore, kizads highly competitive operating cost environment will provide us with an excellent business platform to further improve our full range of services, our competitive pricing strategies, as well as our production and marketing capabilities.source httpwww.emirates247.combusinesscorporatepackagingmakerinvestsdh250minabudhabi201410081.565574
