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Sunday , November 18 2018

Tag Archives: EQUATE

EQUATE hosts roundtable organized by GPCA

Several government and private bodies participate KUWAIT CITY, Nov 7: Senior government and industry leaders from across the Arabian Gulf and globally converged at an important industry roundtable, organized by the Gulf Petrochemicals and Chemicals Association (GPCA) and sponsored by EQUATE Petrochemical Company, a global producer of petrochemicals, on Nov …

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EQUATE reports Q3 2018 results with $406 million net profit

Revenue scores $1.2 billion, up 11% compared to 2017 KUWAIT CITY, Nov 1: The EQUATE Group, a global producer of petrochemicals, reported its 3Q 2018 earnings today. For the third quarter of 2018, EQUATE Group achieved $406 million in net profit, reflecting an increase of 22% from the same period …

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EQP announces launch of innovative Viridis 25

Project complies with European regulations KUWAIT CITY, Oct 10, (KUNA): Equipolymers (EQP), a subsidiary of EQUATE Group for petrochemicals, has announced the launch of the innovative ‘Viridis 25’, which will provide a new category of polyethylene terephthalate (PET) used in the production of beverage bottles through (thermoforming). In a statement …

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EQUATE achieves over 50 million continuous safe work hours

Group notches another industrial record KUWAIT CITY, Sept 25: Continuing its industrial records, the EQUATE Group, a global producer of petrochemicals, achieved over 50 million continuous safe work hours without a day away from work case (DAWC) throughout its industrial complex in Kuwait. As the owner and single operator of …

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EQUATE reports highest Q2 earnings in its history

Group posts 56% hike in H1 net income KUWAIT CITY, Aug 5: EQUATE Group, a global producer of petrochemicals, reported its highest second quarter earnings in its history. Net income for the EQUATE Group for 2Q, 2018 was $427 million, up 75 per cent compared to the same period in …

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EQUATE earns Kuwait’s 1st LEED Silver certification

New company headquarters recognized for its design and construction KUWAIT CITY, May 20: EQUATE’s new headquarters, a refl ection of the company’s efforts to implement its sustainability strategy by 2025, recently earned Kuwait’s first LEED-Silver Building Design & Construction (BD+C) certification for its compliance with the US Green Building Council …

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EQUATE Q1 net profit rises 41% to $435mn

EBITDA up 22% to $577mn uateKUWAIT CITY, May 9: The EQUATE Group, a global petrochemical producer, today reported its Q1, 2018 financial results (unaudited), with EBITDA of $577 million, up by 22 percent from Q1, 2017, net profit of $435 million, up 41 percent from Q1, 2017 and NIAT of …

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EQUATE participates in Annual Career Fair at Kuwait University

KUWAIT CITY, April 4: In its endeavor to attract the best human capital for the continued growth of the industry and economy, EQUATE Petrochemical Company, a global producer of petrochemicals, continues supporting the professional development of students by participating in the 18th Annual Career Fair at Kuwait’s University’s (KU) College …

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EQUATE posts $1.13b net profit, up 66% y/y – EBITDA up 47% to $1.73bn in 2017

KUWAIT CITY, Feb 5: EQUATE Group, a global petrochemical producer, reported its 2017 financial results. The Group reported an EBITDA of $1.73 billion, up 47 percent from last year, and a net profit of $1.13 billion for 2017, up by 66 percent from the previous year. The EQUATE Group combines …

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EQUATE highlights Gulf’s role as vital contributor to global petchem industry – ‘Petrochemical producers contribute over 142 mln tons annually’: CEO

DUBAI, Nov 28: EQUATE Group, a global producer of petrochemicals, sponsored the 12th annual Gulf Petrochemicals & Chemicals Association (GPCA) Forum to support the pioneering role of the Arabian Gulf’s industrial sector. The forum includes the participation of industrial leaders and professionals from across the globe. EQUATE’s President & CEO, …

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