Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
Hotpack Grows its Foothold in Morocco, joins Hands with Retail Holding in Regional Expansion
 
Hotpack Grows its Foothold in Morocco, joins Hands with Retail Holding in Regional Expansion

The north-western African country is a part of company’s goals to increase its pan regional presence

Dubai, May 25, 2022:  Hotpack Global, the world’s leading manufacturer of disposable food packaging products, announced a regional expansion in Morocco, joining hands with the retail leader of the African nation, Retail Holding through its investment arm, Best Financiers. 

The partnership agreement was signed by Mr. Abdul Jebbar P.B, Hotpack Global Managing Director, Mr. Zouhair Bennani, Chairman of Best Financiers, Mr. Abdellatif Merzaq, Director of Samaz (currently President of the new entity) and Mr. Ziad Merzaq, General Manager of Hotpack Global SA Morocco in Morocco in the presence of Mr. Riyad Alaissaoi, Financial Director of Best Financiers.

In a statement, Hotpack said the partnership will lead to an increased presence in the African countries and investment in manufacturing facilities in Morocco.

“Our increased foothold in Morocco is part of our strategic expansion focused on African countries. We have already established a firm presence in African regions, such as Nigeria, Ivory Coast and Morocco too. With our latest expansion plans in Morocco, we are gradually growing our presence in the African countries and expanding our reach into the Europe,” said Mr. Abdul Jebbar.

Mr. Jebbar added, “This partnership will help us penetrate the neighbouring countries and increase our retail market share there. It is also going to enhance our operations in North-West Africa and Ghana.”

The new company, Hotpack Global SA Morocco, earlier jointly owned by Hotpack Global UAE and Samaz Consulting Morocco, will now be able to offer the Moroccan market a wide range of quality packaging products across multiple outlets, as Best Financiers are owners of Carrefour Morocco, Label Vie, Atacadao, Burger King, Kiabi and Virgin Megastore, among others.

“The partnership between Best Financiers and Hotpack Global is a milestone development for the packaging market in Morocco and African countries in general, as it will set new benchmarks for health, safety and quality in this category. The country will also be one of the main manufacturing hubs of Hotpack,” said Mr. Zouhair Bennani, Chairman of Best Financiers.

Best Financiers would also enable Hotpack Global SA Morocco to capture 80% of the food packaging products market in Morocco with Hotpack’s healthy, hygienic, and quality approved packaging solutions.

“Hotpack products will stand out in the Moroccan market for their excellence since it comes from manufacturing facilities run by expert and skilled employees who have created best-in-class standards in production and with a customer-centric approach,” said Mr. Abdellatif Merzaq.

Hotpack will soon be expanding to other markets in Africa as part of its Middle East and North Africa (MENA) expansion focus. The company already exports to over 100 countries and the base in the north-western African country will further boost its capacity and export reach.


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 5293 times
PR Category : Banking & Investments
Posted on : Wednesday, May 25, 2022  2:37:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : ERRA Gains Membership of International Federation of Reprodu...
Next Story : National Biosecurity Committee Convenes First Meeting of 202...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
LEAMS Education Launches Game-Changing Initiative Introducing IR4.0 and Robotics to make S... [8089-Views]
Get Ready to Swoon! As Most Awaited Party Anthem ‘CASANOVA' by Global Music Sensations YoY... [7876-Views]
Disney X Pandora: Born to Stand Out [7507-Views]
Tanishq Goes Traditional and Contemporary in Karama [5990-Views]
Ajmal Perfumes Exquisite Musk Collection – The Musk Silk Supreme [5912-Views]
Malabar Gold & Diamonds Announced Sparkling Summer Offers [4867-Views]
Introducing GRAFFABULOUS [4854-Views]
Dubai Health Authority Introduces Value-Based Healthcare for the Emirate [4551-Views]
Elevate Your Wardrobe This Eid with Travel-Chic Pieces from Revolve [3977-Views]
Malabar Group's M FIT Interior Decoration opens its new office in Dubai [3903-Views]
Damas Light the Way to a Brighter Future with New Hope Collection [3866-Views]
Majid Al Futtaim Opens its First Official CB2 Store in Dubai [3456-Views]
ESMOD Dubai 2022 Grads Step Out in Style [3456-Views]
Dubai Airports' Hajj Committee Finalises Preparations for Hajj Travellers from DXB [3337-Views]
Integrated Facilities Management Company Fabintech opens new office in Dubai [3313-Views]
Brazil to Continue Creating Opportunities with Results Achieved by Expo 2020 Participation [3079-Views]
GMG's Géant Reiterates Commitment to Single-Use Plastics Reduction in-Store [3075-Views]
Summer Saving Season is Back with Dubai Jewellery Group Dss Campaign – City of Gold Jewell... [3018-Views]
Jaguar TCS Racing Aim to Build on Positive Momentum in Marrakesh [2968-Views]
Sony Unveils New Gaming Gear Brand “INZONE,” to Maximise Performance and Ability with Upgr... [2956-Views]
Sharjah Child Friendly Office's Projects Ensure Schools meet Child-Friendly Standards, Not... [2952-Views]
Qatar brings Global Photography App, ‘Explorest,' to the Middle East [2952-Views]
Hitachi Energy and Petrofac to Collaborate in Growing Offshore Wind Market [2944-Views]
Carrefour Readies Customers For July 1 With A Wide Variety Of Reusable Bags [2886-Views]
Don't Miss Your Chance to Create Memorable F&B and Retail Experiences at Global Village's ... [2858-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories