in this issue
Regions :: Middle East :: Kuwait
Equate Reports Big Increase in Profits, Confirms Husain as New CEO
4:45 AM MST | March 1, 2012 | Natasha Alperowicz
Equate (Sefat, Kuwait), a joint venture in which Petrochemical Industries Co. (PIC) and Dow Chemical each hold 42.5%, Boubyan Petrochemical Co. 9% and Qurain Petrochemical Industries 6%, reported a 20% increase in net profits to $1.05 billion in 2011. Sales exceed $2.5 billion. “These profits were realized due to operational excellence at all production units, as well as the increase in prices of petrochemical products globally as a result of stability in demand,” says Hamad Al Terkait, president and CEO of Equate. Equate, meanwhile, has...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee