Indian producer forms masterbatch and packaging joint venture with Dubai's Al Ahli Holding
India’s RePIN Masterbatches
(New Delhi; www.plasticmasterbatches.com
) recently entered into a 49:51 masterbatch joint venture with Dubai-based Al Ahli Holding Group
(United Arab Emirates; http://alahliholdinggroup.com
). Based in Fujairah / UAE, AlwanRePin
) produces not only masterbatches but also PE/PA as well as PE/EVOH barrier film. The jv will be headed by Salem Khammas
, who also serves as executive director at Al Ahli Holding.
The Dubai-based holding group said the joint venture would allow it to enter new geographical regions and help diversify its existing packaging portfolio by the addition of masterbatches. Al Ahli has offices in Dubai, Abu Dhabi and Fujairah but also operates in the US, Panama, Colombia, Brazil, Africa and Korea.