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Kuwait -- EQUATE Petrochemical Company, Kuwait's first international joint-venture in this industry, hosted a tour for its local customers who represent plastic manufacturers in Kuwait.
Throughout the years, EQUATE has organized several events, at its industrial complex and other locations, for its business partners to exchange knowledge, share industrial practices and develop overall ties.
EQUATE President & CEO Mohammad Husain said, "With national plastic manufacturers being key contributors to our 'Partners in Success' slogan, overall business ties between local customers and EQUATE are built on a solid foundation of mutual cooperation, transparency and trust. Such ties are viewed by EQUATE as a sustainable partnership which we will continue to nurture and grow through achieving mutual objectives. Throughout 1998 to 2015, this partnership has increased the size of Kuwait's local plastic manufacturing market by over 400%. In addition, EQUATE is proud to provide local customers with the highest level of quality products and services within a framework of innovation and high reliability. EQUATE continuously supports your efforts in supplying the local market's demands, as well as growing your presence in other countries by exporting your made-in-Kuwait finished plastic products."
On his part, EQUATE Polyethylene Business Director Ahmad Al-Saleh said, "Our supplies to local plastic industry partners has witnessed an average annual growth of 13% during the last five years. In total, the Kuwaiti manufacturing sector has grown by 8% in the past decade, and most of this growth is attributed to the petrochemical industry. Through innovative solutions, high-quality products and top in-class services, EQUATE has ensured having an overall reliable partnership with its local customers."
With the attendance of over 20 local plastic manufacturers and several management members of EQUATE, the tour included discussions with participants, an overview of EQUATE production plants and R&D facilities, as well as a number of presentations on a variety of industrial and technical topics.
Established in 1995 as Kuwait's first international joint-venture in this industry, EQUATE Petrochemical Company (EQUATE) embodies its "Partners in Success" slogan through the partnership 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 currently the owner and single-operator of several fully integrated world-class petrochemical units, within the Greater EQUATE joint-venture, that annually produce over 5 million tons of the highest quality grades of Ethylene, Polyethylene (PE), Ethylene Glycol (EG), Polypropylene (PP), Styrene Monomer (SM), Paraxylene (PX), Heavy Aromatics (HA) and Benzene (BZ). The products are marketed throughout the Middle East, Asia, Africa and Europe. Alongside with being a leading industrial organization, EQUATE dedicates its utmost commitment and care to overall sustainability wherever it operates in cooperation with public and private bodies, including employees, the society and customers, in all relevant fields, such as human development, environment, education, health and public awareness. www.equate.com
© Press Release 2015
