Equate Petrochemical Company, a major player in the petrochemical sector based in Kuwait, said its annual sales to local Kuwaiti plastic manufacturers for 2012 increased by over 300 per cent thus netting orders worth $45 million.

“Since 1998, Equate’s sales volume to local customers has increased by over 300 per cent from 11,000 metric tons annually (MTA) to over 40,000 MTA," stated Equate president & CEO Mohammad Husain during the company's annual local customers gathering held recently.

"This is a demonstration of Equate’s continued growth within Kuwait and beyond, as well as its unwavering support and commitment towards our customers," he noted.

In addition, the company has played a key role in supporting local manufacturers to launch export operations outside Kuwait, he added.

"Such an achievement presents considerable added value to the Kuwaiti industrial sector, as well as our national economy to exemplify ‘Partners in Success’," said Husain.

At the annual event, Equate presented the guests with an overview of the petrochemical sector’s developments, challenges and trends. Grouping over 50 persons representing local customers, the gathering was attended by senior members of Equate management.

“As part of its customer centric strategy, Equate does not only provide its customers with premium products, it is also committed to supporting them with distinguished services, such as Research & Development solutions to ensure their success, growth and sustainability,” he added.

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).-TradeArabia News Service