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Officials at the signing ceremony

Binghatti signs $6.8m deal with Tetra Pak

DUBAI, November 8, 2016

Dubai-based Binghatti Holding, an international investment holding company, has signed an integrated deal worth Dh25 million ($6.81 million) with Tetra Pak for a complete beverage processing plant, at the ongoing Gulfood Manufacturing event in Dubai.

The event, a top food manufacturing, processing and packaging, logistics and materials handling exhibition in the region, opened on November 7 and will run until November 9, at the Dubai World Trade Centre (DWTC).

Tetra Pak’s efficiency, state-of-the-art processing lines and world class packaging solutions were prominently showcased at the event, said a statement from the company.

The agreement with Binghatti included two filling and packaging lines to be used in a new food and beverage (F&B) production plant at Khalifa Industrial Zone Abu Dhabi (Kizad), it said.

Binghatti Holding recently invested more than Dh250 million ($68.08 million) in their Kizad-based production facility with a plot size of more than 1 million sq ft, it added.

The facility in Kizad will have the ability of producing 10 million cases in its first year, with the capability of being increased to 40 million cases per year upon completion of plant capacity in order to cater to the fast moving consumer goods (FMCG) industry in the Middle East and North Africa (Mena) region, said a statement.

The company known for the brand of Raubi juices has also announced the commencement of construction on Phase 2 of their production facility in Kizad, anticipating strong consumer demand for their innovative products. The brand is supported by Binghatti’s own FMCG distribution companies in the UAE, Lebanon, Jordan, Iraq and London.

Ahmed BinGhatti Aljbori, chief financial officer and head of investments at Binghatti Holding, said:
“Tetra Pak is the standard of the world when it comes to processing plants. The courteous and professional team at Tetra Pak has done an excellent job of tailoring the perfect solution for our requirements and we are eagerly looking forward to further developing our relationship with them.”

Installation of the production lines is anticipated to start during Q1 of 2017 with the first commercial production run estimated towards the end of Q2 2017. The FMCG products from Binghatti’s proposed plant in Kizad will be distributed in the UAE and exported via Khalifa Port to countries across the Mena region with future plans to expand exports to Europe and the Far East, it said.

Raubi, the flagship FMCG brand of Binghatti Foods, quickly garnered the market’s attention since its inception in 2012 and quickly grew in popularity throughout the Middle East. The Raubi product range currently consists of 10 different flavours in a number of unique and convenient packaging styles.

Binghatti Holding is an international investment holding company headquartered in Dubai International Financial Centre (DIFC). The company focuses on high-growth potential projects in the real estate, hospitality, industrial, construction and FMCG sectors, it stated. – TradeArabia News Service




Tags: | UAE | Dubai | deal | Tetra Pak | Binghatti |

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