Kuwait City, Kuwait, January 8th, 2006 - PWC Logistics, a global provider of integrated supply chain solutions, announced that EQUATE Petrochemical Company has awarded it a project logistics contract for the utilities and infrastructure phase of the Olefins II Ethylene and Derivatives Complex in Shuaiba Kuwait.
Under the terms of the contract, PWC will provide freight forwarding, customs clearance, and transportation services for a wide range of construction materials, including pipes, valves, pressure vessels, cooling systems and other related items. Shipments will originate from suppliers globally and are expected to reach 80,000 freight tons. Throughout this project, PWC will leverage the knowledge, buying power, and world-wide office network of two of its subsidiaries, Transoceanic Shipping, a specialist in project logistics management and GeoLogistics, a leading provider of global freight forwarding services.
Tarek Sultan, PWC Logistics Chairman and Managing Director commented: "We're extremely pleased EQUATE selected us for this project. Over the years, we've built a strong relationship with them through our warehousing and distribution services. This contract both expands this relationship and leverages our global forwarding capabilities and strong Middle East operations, a unique combination which enables us to provide EQUATE with a true end-to-end solution."
US-based Fluor Corporation is the engineering and procurement contractor for the utilities and infrastructure phase of this project and is also providing overall project management services for the Olefins II Complex.
-Ends-
About PWC Logistics
PWC Logistics is a global provider of integrated supply chain solutions, with more than 450 offices located in over one-hundred countries spread across six continents. Through its network of warehousing facilities and transportation and freight management services, PWC provides its customers with flexible solutions tailored to meet their business needs. PWC's customers span a wide range of industries, including apparel and footwear; automotive; consumer and industrial electronics; consumer packaged goods; engineering and construction; events and entertainment; food and grocery; government and military; healthcare and pharmaceutical; and oil and petrochemicals.
PWC Logistics is traded on the Kuwait Stock Exchange, ticker symbol WARE. For more information about PWC Logistics, please visit www.pwclogistics.com.
Contact:
James Reheiser
Business Development Director - Marketing
PWC Logistics
Tel: +971 4 806 8581
Fax: +971 4 881 4345
email:js.reheiser@pwclogistics.com
© Press Release 2006
