Date(s) - 27 April 2013
Categories No Categories
Kuwait – April 27 2013 — EQUATE Petrochemical Company said that its 2012 sales to local Kuwaiti plastics producers exceeded USD 45 million.
During “EQUATE’s Annual Local Customers Gathering,” EQUATE President & CEO Mohammad Husain said, “Since 1998, EQUATE’s sales volume to local customers has increased by over 300% from 11,000 metric tons annually (MTA) to over 40,000 MTA. This is a demonstration of EQUATE’s continued growth within Kuwait and beyond, as well as its unwavering support and commitment towards our customers.”
Husain added, “In addition, EQUATE has played a role in supporting local manufacturers to launch export operations outside Kuwait. Such an achievement presents considerable added value to the Kuwaiti industrial sector, as well as our national economy to exemplify ‘Partners in Success’.”
Husain noted, “As part of its customer centric strategy, EQUATE does not only provide its customers with premium products, it is also committed to supporting them with distinguished services, such as Research & Development (R&D) solutions to ensure their success, growth and sustainability.”
At this annual event, EQUATE presented the guests with an overview of the petrochemical sector’s developments, challenges and trends.
Grouping over 50 persons representing local customers, the gathering was attended by senior members of EQUATE management.
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.