Dubai: Officials from Khalifa Industrial Zone Abu Dhabi (Kizad), a wholly-owned subsidiary of Abu Dhabi Ports Company (ADPC), and Palletco, a leading manufacturer and supplier of plastic packaging products, have signed a 50 year Musataha Agreement. The total investment that Palletco will inject into their manufacturing facility in Kizad will be AED90.7m ($25m).
The investment guarantees Palletco, which plans to start production in early 2014, a 247,580 sq ft plot of land in Kizad’s mixed use cluster.
Specialized in the field of industrial packaging and storing, Palletco is also a pioneer in the manufacturing of plastic pallets in the UAE. [24/11/13]