Date(s) - 04 June 2011
Categories No Categories
Kuwait – June 4 – 2011 — EQUATE Petrochemical Company said that utilizing the Six Sigma methodology has enabled it to realize savings worth over USD 43 million in various projects.
During EQUATE’s sponsorship of Kuwait Six Sigma Conference 2011, EQUATE Senior Executive for Business Development Tareq Jafar said, “Since EQUATE started implementing this methodology in 2006, over 35% of EQUATE’s employees are involved in Six Sigma projects. In addition, Six Sigma has been applied across all departments at EQUATE, not only production units.”
Jafar noted, “Being a pioneer in applying Six Sigma principles in Kuwait, EQUATE’s sponsorship of this forum stems from leveraging its experience in this field, as well as highlighting the benefits of applying such sophisticated program and systems as best business practices that most globally recognized companies have adopted such methodology.”
Jafar added, “As this methodology is correlated with various sectors at EQUATE, EQUATE has executed over 130 Six Sigma projects relevant to manufacturing, engineering, finance, marketing, customer service, as well as Environment, Health & Safety (EH&S) issues.”
Jafar explained, “Six Sigma is not a mere set of unfeasible theories, it is a comprehensive practical system that is based on scientific approaches aimed at improving the quality of process outputs by identifying and removing the causes of defects/errors and minimizing variability in all relevant business functions which leads to various cost savings in operations or product quality improvements.”
During the conference, EQUATE presented a number of case studies relevant to projects that have incorporated Six Sigma principles.
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.