ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Middle East

UAE: Global Fluorine Chemical Factory expands to triple its capacity from KEZAD

Khalifa Economic Zones Abu Dhabi - KEZAD Group, the largest operator of integrated and purpose-built economic zones in the UAE, today announced that it has signed an agreement with its client Global Fluorine Chemical Factory LLC (GFCF) for the establishment of its phase two in KEZAD Mussafah, which will allow the company to triple its production capacity.

ANI Jul 10, 2023 14:50 IST googleads

Representative Image

Abu Dhabi [UAE], July 10 (ANI/WAM): Khalifa Economic Zones Abu Dhabi - KEZAD Group, the largest operator of integrated and purpose-built economic zones in the UAE, today announced that it has signed an agreement with its client Global Fluorine Chemical Factory LLC (GFCF) for the establishment of its phase two in KEZAD Mussafah, which will allow the company to triple its production capacity.
In addition to the 100,000 square metres that GCFC currently occupies at KEZAD Musaffah, the company will invest over AED1 billion in the new facility on an adjacent plot, that spans an additional 120,000 square meters. Four more chemical products will be added to GFCF's product mix with the opening of the second phase of the factory.
The development advances UAE's goal of developing a circular economy as GFCF's phase two will now be able to get the raw ingredients for its premium refrigerants.
The factory's strategic location will enable it to make use of the wide variety of services offered by AD Ports Group and KEZAD Group and obtain easy access to international consumer markets.
The company's position in the worldwide market will be further strengthened through effective distribution and improved connections.
The agreement, signed in the presence of Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, (MoIAT), and Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, of AD Ports Group, demonstrates MoIAT's dedication to strengthening supply chains' localisation and resilience in line with Operation 300 billion.
As part of the UAE's Net Zero by 2050 strategic initiative, it also exemplifies the practical measures being implemented to assist the industrial sector's GDP contribution and promote sustainable industrial growth in line with the COP 28 objectives.
GFCF's processes minimise water waste, and the production unit will incorporate heat recycling, aligning with KEZAD Group's sustainability goals.
KEZAD and GFCF are committed to implementing eco-friendly practices, in line with the country's commitment to sustainable industrial development and addressing climate change.
Abdullah al Hameli, CEO Economic Cities and Free Zones, AD Ports Group said, "We are pleased to see the growth and expansion of a premier refrigerant manufacturer within KEZAD, as we continue to develop integrated business ecosystems, and ensure that industrial development goes hand in hand with environmental responsibility. As part of KEZAD's philosophy, we proactively take into consideration the future growth of clients and ensure that there is always ample space available for their expansion.
"This signing emphasises the abundant opportunities accessible to all organizations and contributes substantial value to the manufacturing sector in the UAE, aligning with the visionary leadership of our esteemed leadership," stated Haojjin Shi, CEO of Global Fluorine Chemical Factory LLC. Shi further remarked, "By integrating this unit, our factory gains full control over our value chain, empowering us to capitalize on KEZAD's versatile platform, which facilitates advanced manufacturing capabilities.
"KEZAD's state-of-the-art infrastructure makes it simple to reach our important international and regional markets through Khalifa Port, part of the AD Ports Group."
The Global Fluorine Chemical Factory Company (GFCF), a joint venture with a focus on the production and distribution of refrigerants, was founded in 2020. With a capacity of 20,000 tonnes, the enterprise now employs 200 workers. (ANI/WAM)

Get the App

What to Read Next

Asia

"India harnessed digital tools to expand...": MEA Secy (West)

George highlighted how digital tools and AI empower 1.4 billion Indians.

Read More
US

Ending Iran's nuclear ambitions over oil profits: Trump clarifies

Ending Iran's nuclear ambitions over oil profits: Trump clarifies

In a post by the White House, President Trump, while acknowledging that the United States is currently the world's leading oil producer and stands to benefit financially from higher crude prices, emphasised that his administration's overriding mission remains the permanent dismantling of Iran's nuclear program.

Read More
Europe

Blasphemy laws in Pakistan target religious minorities: GHRD

Blasphemy laws in Pakistan target religious minorities: GHRD

At the 61st session of the United Nations Human Rights Council, the organisation Global Human Rights Defence (GHRD) raised concerns over the continued misuse of blasphemy laws in Pakistan and their impact on religious minorities.

Read More
Europe

Akshar Foundation highlights Northeast India’s development at UN

Akshar Foundation highlights Northeast India’s development at UN

On the sidelines of the 61st session of the United Nations Human Rights Council (UNHRC), Mazin Mukhtar, Co-founder and Associate Director of the Akshar Foundation, highlighted development initiatives in India's northeastern region and urged global recognition of progress made in previously neglected areas.

Read More
Europe

Indian Rights Activist raises cadaver organ donation issue at UN

Indian Rights Activist raises cadaver organ donation issue at UN

Gobind Gurbani, speaking through video conference, drew attention to the growing gap between the number of patients requiring organ transplants and the limited availability of donated organs.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.