Kuwait-based Equate Petrochemical Company had supplied more than 450,000 tonne of polyethylene to the country's leading plastic manufacturers in 17 years of its operation from 1998 to 2015, said its top official.

Equate president and chief executive Mohammad Husain was addressing an official gathering of over 20 plastic manufacturers at Kuwait in the presence of Equate PE regional sales leader Ali Al Luqman, corporate communications leader Kholoud Al Feeli.

The gathering, which covered a variety of economic, industrial, technical and latest market trends, also provided the plastic manufacturers a key opportunity to boost company ties and also discuss major industrial topics.

Husain said: "Our local customers represent key stakeholders in reflecting our ‘Partners in Success’ slogan through a culture of innovation and continuous collaboration."

"Their growth and success are primary strategic objectives for Equate to ensure overall sustainability in the industrial sector as a whole, as well as the plastics industry in specific. From 1998 to 2015, the annual production of Made in Kuwait plastics has increased by over 450 per cent," he noted.

"All of these facts and figures prove the significant contribution of the local plastic industry, supported by the petrochemical sector, to ensure the diversification and advancement of the Kuwaiti economy," he added.

Equate Polyethylene's business director Ahmad Al Saleh said: "Being an industrial leader, Equate has a strategic objective to support the growth of the local plastic industry. This objective stems from having a vision for shared value and promoting long-term business sustainability through innovation and progress."

"Overall ties with our local plastic manufacturers represent a strategic partnership at every level.  Over the past five years, we have witnessed tangible growth in demand, exceeding 55 per cent, for plastic products in multiple value-added applications, such as flexible and rigid food packaging, as well as industrial packaging," he added.

Established in 1995 as Kuwait’s first international joint-venture in this industry, Equate embodies its “Partners in Success” slogan through the partnership between Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC).

The company, which started production in 1997, is currently the owner and single-operator of several fully integrated world-class petrochemical units, within the Greater Equate joint-venture.

These produce over 5 million ton of ethylene, polyethylene, ethylene glycol, polypropylene, styrene monomer, paraxylene, heavy aromatics and benzene.-TradeArabia News Service