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Regions :: Middle East

Kuwait Styrene reports 2012 sales and earnings

9:24 AM MST | February 8, 2013 | Natasha Alperowicz

Kuwait Styrene Co. (TKSC; Al Shu╩┐aybah, Kuwait), the country’s only producer of styrene monomer, reported a $59-million net profit in 2012. Sales exceeded $667 million. “Despite several challenges, these profits were realized due to a number of elements relevant to stability in petrochemical prices and a solid customer base,” says Jehad Al Hajji, chairman of the board. It is also a sign of the continuous recovery in petrochemical markets, he says.   “With the average per-ton price of styrene monomer exceeding $1,460 during 2012, the...

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