Date/Time
Date(s) - 04 May 2011
12:00 am

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Kuwait, May 4, 2011 — EQUATE Petrochemical Company hosted banquet evening for its local customers with the attendance of EQUATE’s senior management.

During “EQUATE’s Annual Local Customers Gathering,” EQUATE President and CEO Hamad Al-Terkait lauded the overall cooperation and business growth with local customers, “who have our unwavering commitment and dedication to ensure the success of their endeavors within a framework of professional partnership.”

Al-Terkait added, “At EQUATE we continually strive to provide our customers with world-class service and utmost quality products.”

On his part, Polyethylene Business Director Muayad Al-Faresi said, “EQUATE’s support has contributed to the exceptional growth of the local plastics industries by over 200% in the last 12 years. In fact, petrochemicals are the second largest contributor to Kuwait’s economy after crude oil. The industry continues to thrive and we remain committed to our customers through offering multifaceted support across all levels of the business and providing valued products and services.”

As part of the event, EQUATE presented attendees with a market overview of the petrochemical industry’s, trends and developments.

Hosting over 30 local customers, the gathering was also attended by EQUATE Senior Vice President Pieter Platteeuw as well as Senior Executive for Corporate Communications and Client Affairs Adel Al-Munifi.  Tokens of appreciation were extended to customers in gratitude of their overall role in supporting EQUATE’s growth and development.

Established in 1995, EQUATE is an international joint venture between Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Commencing production in 1997, EQUATE is the single operator of a fully integrated world-scale manufacturing facility producing over 5 million tons annually of high-quality petrochemical products which are marketed throughout the Middle East, Asia, Africa and Europe.