Palettes Gestion Services (PGS) continues to pursue its international development. The French and Belgian market leader in the wooden pallet sector has created a new subsidiary, PGS Middle East.
Based in Ras Al Khaimah, in the United Arab Emirates, the new subsidiary’s objective is to develop the Group’s business in the Middle East. PGS’ strategy for achieving this goal is based on two key factors: the ideal geographic location of Ras Al Khaimah, a vibrant, growing city situated just 80km from Dubai, ensuring easy access to supply the highly dynamic port and industrial area of Jebel Ali, and the presence of several Group customers in the United Arab Emirates, including SAVERGLASS, one of PGS’ oldest customers, specialising in manufacturing and decorating upmarket bottles. Along with the creation of PGS Middle East, the Group is also opening its first production facility in the region, also located in Ras Al Khaimah.
The establishment of a subsidiary in the United Arab Emirates marks a historic turning point for the Group and a key initial success for its international development team, managed by Michaël MODUGNO, the Founding Vice-President of PGS. Through this operation, the French and Belgian market leader asserts its intention to conquer new markets outside of France – and not simply in neighbouring countries – with a clear objective: achieving €500 million in turnover within five years.
“By supporting our customers around the world and by providing them with innovative solutions to manage their packaging flows, we are creating strong development opportunities for the coming years,” explains Michaël MODUGNO. The PGS Group plans to announce the establishment of new operations and facilities in other countries in the near future.
Founded in 1993, the PGS (Palettes Gestion Services) Group is the French and Belgian market leader in the fields of new and reconditioned wooden pallets, moulded presswood pallets and sawn timber for pallets. The company’s comprehensive product offer and European network make it a leading logistics partner in the packaging sector. In 2013, PGS had a consolidated turnover of €170 M. The Group employs nearly 1,000 staff. PGS owns 6 saw-mills, 13 pallet-manufacturing plants and 28 pallet-reconditioning sites. Each year, the Group’s manufacturing facilities produce 280,000m3 of sawn timber, a total of 18.6 million new pallets and 14 million reconditioned pallets. For further information: www.groupepgs.com