01/03/2009 00:00 AST

Drinking water supply firm Jeema Mineral Water Company has bought the factory of Aquafina in Dibba in Fujairah.

Aquafina Pure Drinking Water is distributed by Dubai Refreshments Company across the Emirates.

The agreement came in line with the signing of a co-packing agreement, under which Jeema would undertake the monitoring of package operations of Aquafina trademark. DRC is the sole franchisee and distributor of Pepsi Cola International, 7Up and Aquafina products in the UAE.

Mohab Hanafy, General Manager of Jeema Mineral Water Company, said the agreement is in line with its expansion plan and mission to supply the best and purest drinking water in the UAE and Middle East.

"With this event, we aim to reach an income growth of 55 per cent in 2009 and to increase our market share by 35 per cent in the coming years," he said.

He also mentioned the deal will improve the manufacturing process of Jeema and will assist in the production of various bottle sizes. Currently, Jeema has 1.5litre and 600ml bottle sizes and 200ml and 140ml cup sizes.

"Jeema continues to widen its distribution line and assures DRC to fulfil the packing requirements of Aquafina," said a statement.

"This deal is both beneficial to Jeema and DRC," Tarek Al Saqa, General Manager of Dubai Refreshments Company, said.

DRC focused on the distribution of carbonated and non-carbonated soft drinks and production of bottled drinking water complemented their product range. Jeema has a vast experience in the production and distribution of the purest mineral water in the UAE. They have a wide array of customers ranging from supermarkets, to restaurants, to five-star hotels. Aquafina catered only to small restaurants. With this agreement, Jeema and Aquafina can provide bottled drinking water to all scales of business.

Jeema will cover large-scale corporations while Aquafina will deliver to small- and medium-sized companies. The agreement will reduce production and delivery costs to Aquafina and will help maintain the source of mineral water. Jeema will benefit as well in the expansion and enhancement of its production process with the additional plant. "This arrangement had already been agreed since last year and is not related to the economic crisis," Al Saqa said.

DRC will concentrate on the carbonated and non-carbonated soft drinks and will allow highly experienced people to handle the bottled drinking water.

Established in 1980, Jeema is one of the oldest companies and purest waters in the UAE. It delivers only the finest, high quality and untainted water fresh from the underground springs of Hatta.

With an annual growth of 35 per cent for the past two years, Jeema continues to expand and solidify its position as the regions number one mineral water producer and also maintains its international standards, said the statement.


www.business24-7.ae

Jeema.ae wins a bronze medal at PAWA 2009

07/05/2009

The website for Jeema Mineral Water Company won a bronze medal in the Food & Beverage category at the 5th Pan Arab web awards on April 25, 2009.

The glittering awards dinner was held at th

Ame Info

Ticker Price Volume
SABIC 114.77 5,915,941
ERC Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
DXBE 0.45 -0.02 (-3.20%)
DRC 12.80 0.00 (0.00%)
UNIKAI 9.03 0.00 (0.00%)
MARKA 0.47 -0.01 (-1.28%)
UFC 5.15 0.00 (0.00%)
SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News