People & Business :: Earnings/Finance
Equate reports record results, aims to become more global
11:08 AM MST | March 1, 2014 | Natasha Alperowicz
Equate Petrochemical Co. (Equate; Kuwait City), a joint venture between Petrochemical Industries Co., Dow and the local Boubyan Petrochemical Co., and Qurain Petrochemical Industries, today announced record results for 2013. Net profit rose 14% to $1.25 billion on sales exceeding $2.88 billion, an 11% increase on 2012. “These profits were realized due to absolute integration between all commercial, industrial, administrative and other elements at the company, as well as global demand for petrochemical products, all of which despite several challenges both...
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