Home / Knowledge / News / Textiles / EQUATE's performance exceeded plans by over 80%
EQUATE's performance exceeded plans by over 80%
09
Jun '10
EQUATE Petrochemical Company President & CEO Hamad Al-Terkait said the company's 2010 performance has exceeded production and business plans.

Addressing the bi-annual EQUATE Management Forum, Al-Terkait said “Despite the adverse global financial situation, EQUATE's sales volume and net profit were better than original forecast.”

“Proof of this is EQUATE and The Kuwait Olefins Company (TKOC) realizing combined profits of USD 222 million for the first quarter of 2010 which is 84% higher than original plans. In addition, EQUATE has achieved over 22 Million Safe Work Hours (SWH) without any Day Away from Work Case (DAWC), that's a truly unique industrial record” noted Al-Terkait.

EQUATE is the single operator of TKOC.

On his part, EQUATE Vice President Technical Services Mohammad Al-Benali said the forum's major highlights include reviewing the results of Employee Opinion and Action Survey (EOAS) and having the former CEO of KPC Nader Sultan delivering a keynote address.

Al-Benali added that examining the EOAS includes analyzing results, as well as devising potential solutions/actions to improve overall company performance.

The Management Forum is part of EQUATE's transparent comprehensive communication initiatives, which advocate and stimulate discussion and open-dialogue between the company's senior management and executives.

Established in 1995, EQUATE is an international joint venture 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 the single operator of a fully integrated world-scale manufacturing facility producing over 5 million tons annually of high-quality petrochemical products which are marketed throughout the Middle East, Asia, Africa and Europe.

EQUATE Petrochemical Company KSCC

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X