Date(s) - 24 June 2013
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London and Kuwait – June 2013 — EQUATE Petrochemical Company launched a world-class procurement program for its employees in cooperation with the Chartered Institute of Purchasing & Supply (CIPS).
During the launch of “EQUATE Procurement Academy, “EQUATE Procurement Leader Muayad Al-Faresi said, “Designed to enhance the technical knowledge of our employees in procurement and sourcing, this 18-month program with CIPS will play a role in sustaining EQUATE’s world-class status in all relevant fields. With human resources being EQUATE’s most valuable assets, this program is a practical step to continuously manifest ‘Partners in Success’ with our employees and stakeholders.”
On her part, General Manager of CIPS MENA Rebecca Fox, said “CIPS is delighted to be associated with such a progressive and ambitious organisation as EQUATE. It is one of the most dynamic and exciting companies we have worked with so far in the region. We look forward to supporting EQUATE in their pursuit of excellence and global expansion and I have no doubt that they will become a leading example of best practice in procurement & supply performance, not only in Kuwait but in the wider GCC and Middle East.”
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.
The Chartered Institute of Purchasing & Supply (CIPS) is the world’s largest procurement and supply professional organisation. It is the worldwide centre of excellence on purchasing and supply management issues. CIPS has a global community of 94,000 in 150 different countries, including senior business people, high-ranking civil servants and leading academics. The activities of purchasing and supply chain professionals have a major impact on the profitability and efficiency of all types of organisation and CIPS offers corporate solutions packages to improve business profitability. www.cips.org.