GPIC’s Net Profits Reach $40m in 2000
The Manama-based Gulf Petrochemical Industries Company (GPIC) profits reached 40 million dollars last year, up from nine millions in 1999, reported the Gulf Daily Sunday.
GPIC’s general manager, Mustafa Al Sayed, told the paper the net profit achieved last year was the highest ever in the company’s history.
“This is a wonderful day for the chemical industry in Bahrain,” he said.
Daily production of the ammonia plant reached 1,275 metric tons and the urea plant produced 1,770 metric tons, said the paper.
The plants achieved 3.5m accident free man-hours during the year 2000 – Albawaba.com