Date/Time
Date(s) - 16 April 2008
12:00 am

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EQUATE stresses maintaining world class quality

EQUATE Petrochemical Company President and CEO Hamad Al-Terkait stressed maintaining overall world-class quality in all the company’s operations, procedures and business practices.

Speaking at a seminar entitled “Induction Training for New Recruits” that included the participation of over 20 new EQUATERS, Al-Terkait said “Any deviation from overall quality, EQUATE’s world class status will be jeopardized.”

“Because it is a unique form of joint ventures, EQUATE has a distinguished vision which drives our own plans and performance,” noted Al-Terkait.

“There are two core things in EQUATE: safety and people as all work has to be safe and performed by qualified people who are viewed as the company’s owners,” said Al-Terkait.

While outlining the company’s overall history, achievements, structure and future plans, Al-Terakit explained EQUATE Management Team (EMT) vision and values for Environment, Health and Safety (EH&S), people excellence and corporate development, as well as business efficiency and finance.

Other speakers at the seminar included EQUATE Vice President for Operations Nick Vossenberg, Vice President for Technical Services Mahmoud Al-Qattan, Chief Financial Officer (CFO) Abdulkarim Mubarak, as well as Polyethylene Business Director and EQUATE Marketing Company (EMC) President Adel Al-Munifi.

The speakers addressed matters relevant to EQUATE’s operations, technical standards, organization, administrative guidelines, HR, organizational effectiveness, EH&S, in addition to a number of other issues.

These orientation programs are a core element of EQUATE’s vision to present new recruits with overall information regarding the company and its strategic plans. While rarely used by major corporations, such events have proven to be quite a successful administrative initiative.

Considered one of the world’s leading companies in producing polyethylene and ethylene glycol, EQUATE was established in 1995 as a joint venture between Petrochemical Industries Company (PIC) and The Dow Chemical Company with each having a 42.5% share in EQUATE, as well as Boubyan Petrochemicals Company and Qurain Petrochemical Industries Company which have a 9% and 6% stakes respectively in EQUATE.

It commenced production in 1997 and currently provides markets in the Middle East, Asia, Africa and Europe with high quality petrochemical products at competitive rates.