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KUWAIT: As part of its commitment to support Kuwait’s strategic industries, EQUATE Group hosted a delegation from the Public Authority for Industry (PAI) and Kuwait Industries Union (KIU), at its complex in Shuaiba, Kuwait on 1st February. The PAI was headed by General Manager, Mr. Abdulkarim Taqi Abdulkarim, while the KUI’s was headed headed by Chairman, Mr. Hussein Al-Kharafi.
EQUATE Group extended the invitation to its strategic partners, as it continues to promote partnership efforts in support of national strategic industries, that contribute to the development and diversification of the economy.
Mr. Naser Aldousari, President and CEO EQUATE Group, said: “We would like to extend our gratitude to the PAI and KIU for their ongoing support and valuable cooperation as together, we continue to enhance the status of Kuwait’s strategic industries – this partnership is a true reflection of our achievements as “Partners in Success”.
Abdulkarim Taqi, PAI General Manager, said: “EQUATE Group’s ongoing contribution towards the diversification of the country’s transformational industries is highly commendable. We will continue to provide the facilities and incentives that are required to support its endeavors, as part of our commitment to developing and advancing the region’s industrial activity.”
Commenting on the success of the partnership, Mr. Hussein Ali Al-Kharafi, Chairman, KIU, said: “EQUATE Group’s contribution to the region’s economic development sets an example for the industry. The partnership between public and private sectors, and foreign investors represents Kuwait’s industrial sector’s high potential, the region’s national technical competencies and the necessary infrastructure required to support these activities.”
ABOUT THE EQUATE GROUP
The EQUATE Group is a global producer of petrochemicals and the world’s second largest producer of ethylene glycol (EG). The EQUATE Group owns and operates industrial complexes in Kuwait, North America and Europe that annually produce over 6 million tons of ethylene, EG, polyethylene (PE), polyethylene terephthalate (PET), styrene monomer (SM), paraxylene (PX), heavy aromatics (HA) and benzene (BZ). The EQUATE Group includes EQUATE Petrochemical Company (EQUATE), The Kuwait Olefins Company (TKOC), as well as a number of subsidiaries such as MEGlobal and Equipolymers. Their products are marketed throughout Asia, the Americas, Europe, the Middle East and Africa. The EQUATE Group’s shareholders are Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Employing more than 1,500 people worldwide, the EQUATE Group is a leading enterprise that pursues sustainability wherever it operates through partnerships in fields that include the environment, economy and society. Visit www.equate.com
© Press Release 2021
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