Shutdowns fail to knock EQUATE profits

Kovac, Matt
April 2007
ICIS Chemical Business;4/2/2007, Vol. 2 Issue 60, p14
Trade Publication
The article reports that EQUATE Petrochemical has turned in net profits of $566 million (€425 million) for 2006, despite plant shutdowns for a month in 2006. Hamad al-Terkait, EQUATE's president and chief executive officer (CEO), said the company produced about 994,000 tonnes of polyethylene (PE) and ethylene/glycol in 2006, with overall sales increasing to more than 1 million tonnes, exceeding targets by 6%.


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