PHOTO
Kuwait -- The Kuwait Foundation for the Advancement of Sciences (KFAS), EQUATE Petrochemical Company, Americana Meat Cluster and Plastic Industries Company (PIC) celebrated their collaboration for an advanced solution in plastic food packaging.
The collaboration involved a partnership among KFAS, EQUATE, Americana Meat Cluster and PIC (a local plastic manufacturer) to devise an optimal solution in plastic food packaging. The solution was developed based on plastic raw material production, film conversion and food packaging. The results included developing and enhancing the food packaging plastic properties through EQUATEs Research & Development (R&D) Center.
KFAS Director-General Dr. Adnan Shihab-Eldin said, KFAS believes that innovation and R&D are essential for the growth of the private sectors scientific and technical capacities that are needed to build a knowledge economy. KFAS established programs to help companies achieve such capacities. We have been utilizing our contacts with local, regional and international entities to find the best technology and knowledge providers that can assist the companies in identifying the technology suitable for their businesses. Last year we introduced both EQUATE and Americana to the German Institutes in hope that they find new technologies that can be of value to both companies individually. Furthermore we co-funded feasibility studies for both companies. . KFAS is pleased to be the catalyst that activated the cooperation between EQUATE, Americana and PIC. We are honored to be part of this celebration and will continue to be a partner in the success with companies.
On his part, EQUATE President & CEO Mohammad Husain said, Diversification is critical for our economy and we consider it a real opportunity for success. In order to achieve success, we need very robust collaboration within a framework of innovation-based partnership. This collaboration is a milestone for us as it promotes the overall sense of ownership. We really appreciate KFAS for being the catalyst that enabled all participating entities to achieve their final goal. Today, this collaboration should not stop as it is an embodiment of our slogan Partners in Success. This is in line with EQUATEs constant drive to develop differentiated products and solutions to advance the local industry and support its growth. Our real story is to be told and used as a power for more achievements.
Americana - Meat Cluster CEO Mohamed Mahrous Awad said, Americana being the Regional leading food brand for the last 6 decades, through understanding the market needs and using the state-of-art technology, has achieved various milestones through product innovation, offering the market different products and solutions that makes life of our consumers better. Our collaboration with the technical and industrial experts like EQUATE and PIC, through the scientific platform of KFAS, merging their solid scientific and technical experience with our practical and technical industrial environment would only lead to the best quality solutions benefitting the industry, environment and the society.
PIC General Manager Hasan Jaber said, PIC is excited to announce the successful completion of the Americana collaboration with KFAS and EQUATE for the plastic food packaging application. This significant achievement was made possible on a foundation of trust and a strong commitment to the projects success, as well as the technical and processing guidance from all sides. We would like to thank KFAS, Americana Meat Cluster and EQUATE for the opportunity to be part of this project. PICs mission is to provide our customers responsive and innovative execution of their projects.
The Kuwait Foundation for the Advancement of Sciences (KFAS) is a private non-profit organization dedicated to supporting the progress and advancement of science and technology. Established by an Amiri decree in 1976, H.H. the Amir of Kuwait Sheikh Sabah Al-Ahmed Al-Sabah continues to chair the Foundations Board of Directors, with private sector companies contributing 1% of their annual net profits to the Foundation. The main objective of KFAS is to stimulate creative initiatives and promote the construction of a solid scientific and technological base while at the same time creating an environment that encourages innovation. Current projects include widening the public awareness of science, creating an environment in which innovation can flourish, and enhancing private and public sector research capacities. KFAS also works with talented and gifted individuals and gives them the financial and practical support they need to turn their ideas into reality. www.kfas.org
Established in 1995 as Kuwaits first international joint-venture in this industry, EQUATE Petrochemical Company (EQUATE) embodies its Partners in Success slogan through the partnership among Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). As the owner and single operator of MEGlobal and Greater EQUATE joint venture, EQUATEs operations in Kuwait, North America and Europe annually produce over 6 million tons annually of petrochemicals. www.EQUATE.com
Since its inception in Kuwait back in 1964, Americana Group has grown into one of the largest and most successful corporations in the Middle East and North Africa region (MENA). Publicly traded on the Kuwait Stock Exchange (Kuwait Food Company), Americana Group is managed to world-class corporate standards, with activities spanning 14 countries, exporting to more than 50 countries and a payroll of over 63,000 employees from 21 nationalities. www.americana-group.com
Plastic Industries Company (PIC) is a well-known plastic manufacturer in the State of Kuwait and a pioneer of high quality products. Due to its expansion in local & neighboring markets, the company currently has three different manufacturing units where it produces various high quality plastic products. www.plasind.com
Press Release 2016
