Al Majdouie Trading Establishment, Saudi Arabia and The Sumitomo Warehouse Co., Ltd, Japan signed an agreement in Singapore on 14th July, 2007 announcing the partnership for a New Joint Venture Company in the name of Rabigh Petrochemical Logistics LLC (RPL).
|Business Type||Manufacturers, Trader, Service Provider & Exporter/Importer|
Both companies had signed a letter of intent on 16th April, 2006 to work jointly within the GCC countries for In-plant Operations, Warehousing, Container Depot Operation, Road Transportation, Customs Brokerage and Freight Forwarding. Both partners had conducted extensive study and bided for the projects.
By this partnership, the alliance emerged as a solid force to reckon with and succeeded in bagging the largest contract of Rabigh Refining And Petrochemical Company (PETRORabigh). This project will add substantial contribution to the national growth as more than 600 employees and around 300 drivers (will be provided by Al Majdouie Transport) will be employed to offer comprehensive logistics services for polymer products (approx. 1.6 million ton a year) produced by PETRORabigh. Contract is for the period of 10 years. The services will include in-plant products handling packing operation and procurment of raw materials, warehousing and container terminal, Freight forwarding and Transportation up to Saudi Arabian seaports, in Kingdom trucking and outside trucking, etc. Together with possible satellite warehouse operation in the middle east. The operation is expected to be active in second half of 2008.
S.I Mustafa, Vice President (Logistics) of Al Majdouie Group will be the Chief Executive Officer of RPL, Shuichi Iwazawa, General Manager/Chief Operatioon Officer, Tsyousi Sakurait.DGM Operation. , Dy. General Manager and one more Dy. General Manager of Saudi national will be appointed.
Al Majdouie Trading Establishment, a conglomerate with diversified business interests, established in 1965, is the leader in the field of Supply chain and project management, providing services such as logistics and distribution, transportation, customs clearance and freight forwarding. Apart from these, the other operations are distribution of Hyundai Automobiles, steel industry, Aluminum and Glass factory, Food Industry, Real estate and investment. The group enjoys the backing of over 3, 000 motivated employees operating all over the Kingdom and GCC countries.
The Sumitomo Warehouse, a major player in Logistics field, have been accumulating Rich experience for quite long years in warehouse operations, container terminal operations, International freight forwarding and related global logistics services, in parallel with other Activities to support customerâ€™s Supply Chain Management in countries abroad. SumitomoHave been reinforcing overseas network by opening more than 50 facilities mainly in China, South East Asia, Europe and USA, and are confident to offer integrated logistics services with Advanced IT systems.
Driving by the milestones, RPL is already on its way executing targeted objectives to successfully achieve the goals Within the timeframe.
PO BOX 290242 Riyadh 11362 Kingdom of Saudi Arabia
Riyadh, 11362 () - (Saudi-arabia)