EQUATE and Schmidt+Clemens Sign Cooperation Accord
Sunday, May 13, 2012
For Ethylene Cracker Performance Optimization
Global Ethylene Market to Exceed 160 Million Tons In 2012
EQUATE Petrochemical Company and Schmidt + Clemens Group (S+C) announced signing a strategic cooperation agreement relevant to enhance and optimize production performance of ethylene crackers.
On this occasion, EQUATE Procurement Leader Ahmad Al-Saleh said, “As EQUATE owned and managed ethylene production c...
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Husain: Middle East exports exceeded 30 millions tons of petrochemicals in 2011
Monday, May 07, 2012
EQUATE sponsors 4th Gulf Supply Chain Conference
EQUATE Petrochemical Company said the Middle East has exported over 30 million metric tons (MT) of petrochemicals during 2011.
On the occasion of EQUATE’s sponsorship of Gulf Petrochemicals and Chemicals Association (GPCA) Fourth Supply Chain Conference in Dubai, EQUATE President & CEO Mohammad Husain said, “Such exports have increased from only 10 million MT in 1999 which is an increase of over 250% in just 12 years with an averag...
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Husain: 65% annual returns on EQUATE’s capital
Sunday, April 8, 2012
EQUATE’s net profits exceeded $5.6 billion USD
EQUATE Petrochemical Company said that the return on its capital since it began distributing dividends in 2002 has reached 65% annually.
During Kuwait Investment Forum’s “Investing in the Petroleum and Petrochemicals” session, EQUATE President & CEO Mohammad Husain said, “The company’s net profits have exceeded $ 5.6 billion USD since it began production in 1997.
Husain noted that EQUATE, over the years, was able ...
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Husain: EQUATE supported Kuwait downstream industry’s growth by 300% in 13 years
Tuesday, April 10, 2012
EQUATE hosts annual local customers event
Attended by major Kuwaiti plastics producers
EQUATE Petrochemical Company said that its annual sales to local Kuwaiti plastic manufacturers have increased by over 300% during 1998 to 2011.
During “EQUATE’s Annual Local Customers Gathering,” EQUATE President & CEO Mohammad Husain said “Local customers have EQUATE’s unwavering commitment and dedication to ensure the success of their endeavors to reflect EQUATE’s tagline of ...
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EQUATE names Mohammad Husain as President & CEO
Saturday, April 07, 2012
Succeeding Hamad Al-Terkait
EQUATE Petrochemical Company has named Mohammad Husain as its President & CEO, succeeding Hamad Al-Terkait who served in that role from 2001.
With over 30 years of extensive professional service, Husain held various leading posts, administrative and technical, at Kuwait Oil Company (KOC), Petrochemical Industries Company (PIC) and finally at Kuwait National Petroleum Company (KNPC) as Deputy Chairman & Deputy Managing Director for M...
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Al-Kharji: Over USD 5.6 billion EQUATE’s net profits since 1997
Monday, April 02, 2012
EQUATE part of transforming Kuwait into financial & economic hub
EQUATE Petrochemical Company said that its net profits have exceeded USD 5.6 billion since launching operations in 1997.
During a press conference proceeding Kuwait Investment Forum, EQUATE CFO Salah Al-Kharji said that the Company’s continuous success is part of achieving His Highness the Amir’s vision to transform Kuwait into a global financial and economic hub within an integrated framework of sustainability.
Al-Kharji...
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Al-Faresi: EQUATE sponsors 10 Kuwaiti university students to attend 3rd GPCA plastics summit
Wednesday, April 04, 2012
140 million tons Gulf’s production of petrochemicals in 2015
EQUATE Petrochemical Company announced its sponsorship of 10 Kuwaiti university students who attended the Third Gulf Petrochemicals & Chemical Association (GPCA) Plastics Summit in Dubai during April 3-5, 2012, in Dubai.
Speaking on this occasion, EQUATE PE Business Director Muayad Al-Faresi said, “As professional and educational development is a cornerstone of EQUATE Corporate Social Responsibility (CSR...
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EQUATE sponsors 2nd Environmental Month 2012
Monday, March 19, 2012
EQUATE Petrochemical Company announced its sponsorship of the Second Environmental Month 2012 under the patronage of His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-hamad Al-Sabah during March 20 to April 24, 2012.
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EQUATE & KACCH launch Painting Smiles exhibition
Wednesday, March 14, 2012
EQUATE Petrochemical Company and Kuwait Association for the Care of Children in Hospitals (KACCH) launched the Painting Smiles exhibition at 360 Mall during March 14-17, 2012 under the patronage of Ministry of Health Undersecretary Dr. Ibrahim Al-Abdulhadi.
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Al-Terkait: Kuwait must recognize the petrochemical industry’s added-value
Tuesday, March 13, 2012
EQUATE CEO conducts interview with Aljarida
In an interview with Kuwait’s Aljarida newspaper, EQUATE President & CEO Hamad Al-Terkait highlighted a number of significant industrial issues:
- There should be a central state planning organization to evaluate Kuwait’s oil and gas capacities to properly outline Kuwait’s industrial priorities, then it must be decided how such petroleum products should be utilized, b...
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Al-Terkait shares successful leadership insights
Monday, March 12, 2012
In an interview with Alam Al-Ebdaa
As one of the petrochemical industry’s pioneering figures, EQUATE President & CEO Hamad Al-Terkait shared with Alam Al-Ebdaa (World of Innovation) magazine insights relevant to successful leadership.
In the March 2012, Issue 83, of the magazine, Al-Terkait noted that successful leadership mainly consists of achieving exemplary corporate results while addressing the workforce’s personal side.
Al-Terkait explained that any company...
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EQUATE realizes over USD 1 Billion net profit in 2011
Wednesday, February 29, 2012
With a 20% increase over 2010
Sales value exceeds USD 2.5 billion for the 1st time
EQUATE Petrochemical Company announced a net profit of USD 1.05 Billion for the fiscal year ending December 31st, 2011, which is a 20% increase over what was achieved in 2010.
Following its Board and General Assembly meetings held in Kuwait, EQUATE President & CEO Hamad Al-Terkait said, “These profits were realized due to operational excellence at all production units, as well as the increa...
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EQUATE sponsors Kuwait Oil & Gas Summit 2012
Monday, February 13, 2012
EQUATE Petrochemical Company announced its sponsorship of Kuwait Oil & Gas (KOG) Summit and Exhibition held in Kuwait during February 12-15.
On this occasion, EQUATE Senior Executive for Corporate Communications & Client Affairs Adel Al-Munifi said, “As Kuwait’s first ever international joint venture in the petrochemical industry, EQUATE has been playing a critical role in developing the nation’s energy sector at various levels.”
Al-Munifi added, “EQUATE’s rol...
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Kuwait Styrene realizes USD 99 Million net profit in 2011
Sunday, February 12, 2012
Sales value exceeds USD 662 million
Kuwait, February 12, 2012 -- The Kuwait Styrene Company (TKSC)announced a net profit of USD 99 million for the fiscal year ending December 31, 2011, in comparison with USD 81 million in 2010.
Following TKSC’s board meeting to ratify financial results, its Board Chairman Ahmad Al-Habib said, “These profits were realized due to a number of elements relevant to stability in petrochemical prices, having a solid customer base, oper...
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EQUATE launches new brand guidelines
Sunday, January 08, 2012
Building on success
EQUATE Petrochemical Company announced the launch of its new brand guidelines as part of its integrated corporate strategy.
On this occasion, EQUATE Senior Executive for Corporate Communications & Client Affairs Adel Al-Munifi said, “The new brand guidelines are in line with EQUATE’s continued growth and notable excellence in all relevant fields.”
Al-Munifi added, “As Kuwait’s first international petrochemical joint-venture with over 300 customers in...
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