Hamriyah Free Zone Authority (HFZA) took its proposition to NPE2015, the world’s largest international plastics trade shows and conferences in Orlando, Florida, as part of the free zone’s effort to bring new firms to its 380,000 square meter Food, Plastics and Packaging Park and grow Sharjah’s plastics industry. Held every three years, the plastics industry trade show attracts 60,000 professionals from every spectrum of the plastics sector.
Hamriyah Free Zone has more than 140 companies in the plastics industry, including more than 15 large-scale operations, and has identified the sector for future growth. Overall, the United Arab Emirates ranks second in regional plastics production, representing 10.2 percent of GCC (Gulf Cooperation Council) polymer output.
The UAE also has the second largest plastic converter industry in the GCC, after Saudi Arabia accounting for 19% of GCC production. According to the Gulf Petrochemicals and Chemicals Association (GPCA), the region’s plastics conversion industry is expected to grow to 7.5 million tonne in capacity by the year 2020, approximately 40% more than current production levels.
Plastics companies based in Hamriyah Free Zone include Al Owais Plastic Recycling FZE, El Negma Plastic Factory FZC, SBF Foam Factory FZE, Siddco Plastics Industries Ltd, Siddco Polypac FZE, Sonara Fibre & Plastic Industries FZC and Ruby Plastics FZE. India’s largest manufacturer of polymer emulsions for paints and coatings, textiles and adhesives Visen Industries Ltd. (VIL), opened a new US$ 51 million (AED 187m) polymer emulsions plant in Hamriyah Free Zone last month.
Meanwhile, Sharjah Airport International Free Zone (SAIF Zone) has also proved popular with plastics firms such as Alliance Plastics FZE, Alpha Plastix Industry FZC and Rowad National Plastic Company Ltd. Plastics converter Alliance Plastics recently announced plans to invest AED 15-20 million (US$ 4-5.5m) in new facilities in Sharjah Airport International Free Zone (SAIF Zone) to meet the region’s growing demand for industrial plastic packaging products.
Source: HFZA, media