Dow Chemical Company has inaugurated its Great Equate facility, an expansion of Dow and Petrochemical Industries Company (PIC) 15-year joint venture, Equate Petrochemical Company.
The two firms celebrated their long term partnership during the inauguration and speeches were given by all partners.
“I know that PIC shares our feelings of pride on this momentous occasion for our partnership,” said Andrew Liveris, Dow’s chairman and chief executive officer. “The success of EQUATE – and of all our joint venture partnerships in Kuwait – lies in the common values and understanding that we share with PIC and with the people of Kuwait. Together we have achieved a successful global business relationship that not only benefits Dow, but has a tremendous impact on Kuwait, its people and its economy,”
Markus Wildi, vice president of corporate development in Kuwait, said: “The success of Greater EQUATE is a testament to Dow’s continued commitment to Kuwait and its people. This moment is the culmination of years of collaboration and hard work between Dow and PIC.”
“Through our joint ventures, we remain one of the largest private sector employers in the country’s Chemical industry. We are confident that the expansion of our partnership with PIC will provide more Kuwaitis with employment opportunities, elite training, access to technology know-how and global business management expertise,” he added.
