MAPEI Signs Reseller Agreement with Logistics Company Limited
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Press release date: August 22, 2010
New partnerships provide greater flexibility for MAPEI products to reach key UAE markets
August 22, 2010 - MAPEI, the leading global manufacturer of adhesives, sealants and chemical products for buildings, has announced that it has recently signed a reseller agreement with Logistics Company Ltd. MAPEI seeks to leverage Logistics market network and dedicated showroom and storage facilities to further consolidate MAPEI's presence and strengthen its customer base in the UAE.
Logistics Company Limited has a showroom dedicated to specialist building materials located in the Sharjah Industrial Area Nos: 2 and 8 and the company is also capable of providing a total storage capacity of approximately 5,000 metric tons at any given time, inclusive of state-of-the-art equipment to meet MAPEI's handling and logistic requirements.
Laith Haboubi, Business Development Director, MAPEI, said: "This partnership is in line with our continuing expansion into the market and to support various development initiatives in the UAE. It has been our vision to strengthen our presence across key markets in the country and we believe that the market presence and experience of Logistics Company will enhance our competitive advantage and complement our own growth initiatives, in particular to certain segments of the market which we currently have little or no activity in."
Mr. Rajesh Somabhai Patel, Managing Director, Logistics Company Limited, added: "MAPEI has a very wide range of products and it has also established its own manufacturing facility, which was recently commissioned in the UAE, highlighting the company's long-term commitment in this region. It makes logical sense for us to build a relationship with partners that share our belief in long-term growth. Moreover, we believe that MAPEI and Logistics Company also advocate identical corporate values, which make our partnership all the more symbiotic."
MAPEI is well known for its range of adhesives and sealants used to install ceramic, natural stone and other finishes such as wooden, PVC and sports flooring. The company has been involved in some of the most challenging construction projects in the region, including the Armani hotel in Burj Khalifa, Qasr El Sarab resort, Atlantis Hotel on Palm Jumeirah, the Emirates Palace Hotel, Burj Al Arab, and Dubai International Airport's Terminals 1, 2 and 3.
Founded in Milan in 1937, Mapei is today the world leader in the production of adhesives and complementary products for the installation of all types of floor and wall coverings. The company is also specialized in other chemical products for building: from water-proofing to special mortars, from admixtures for concrete to products for the restoration of ancient buildings.
Mapei Group's production may be summarized as follows: previewed sales in 2009 are 1.7 billion euros and the total number of Mapei Group employees is 6100. The Group now counts 63 subsidiaries with 56 production facilities in operation in the 5 continents in 25 countries.
Mapei's UAE subsidiary is Innovative Building Solutions LLC (IBS-Mapei). As part of its long-term commitment to the Middle East, the company commenced production in February 2009, at its 40,000 square metre facility at Dubai Investments Park.
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