Home / Knowledge / News / Textiles / 'The Year of Achievements' for EQUATE
'The Year of Achievements' for EQUATE
20
Mar '08
EQUATE Petrochemical Company announced Monday that its 2007 net profits reached $769 million which is 36% percent over the previous year net income after tax.

Following the EQUATE 2007 general meeting, EQUATE President and CEO Hamad Al-Terkait said 2007 was the year of achievements in EQUATE's history, adding that the efforts of its employees and the support of shareholders have enabled EQUATE to realize $769 million as net profits in 2007.

While noting that the prices of petrochemical products were fluctuating throughout 2007 due to the supply and demand principle, Al-Terkait said EQUATE has achieved its 2007 goals.

EQUATE has called 2007 “The Year of Achievements” as it had accomplished a number of landmarks, such as meeting its limit of Environment, Health and Safety (EH&S) targets and achieving 9 Million Safe Man-Hours without accidents, which were a result of implementing sound initiatives related to industrial safety and the commitment of the company's employees to safe-work guidelines, he explained.

As for Kuwaitization, Al-Terkait said 59% of the company's workforce in 2007 were nationals and over 150 Kuwaiti fresh-graduates were hired and trained by the company during that year, preparing them for new expansion.

He added that EQUATE has had great success in implementing its Six Sigma program which is an important initiative being applied by all its departments and divisions, noting that the initiative has achieved its goals and has made EQUATE the first company in Kuwait, if not the entire Gulf region, which has effectively adopted this program.


Must ReadView All

Philippines wearable industry expects 20% export growth

Apparel/Garments | On 17th Aug 2018

Philippines wearable industry expects 20% export growth

The combined export growth of textile, garments and other wearable...

Talks on new minimum wage for next year start in Cambodia

Apparel/Garments | On 17th Aug 2018

Talks on new minimum wage for next year start in Cambodia

The Cambodian labour ministry and relevant stakeholders recently...

Boost research to double yield: Indian Cotton Federation

Textiles | On 17th Aug 2018

Boost research to double yield: Indian Cotton Federation

Despite India being the world’s largest producer of cotton for three...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Ravi Raj Desai

Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Tony Ward
Tony Ward

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search