EQUATE continues innovation partnership with Altaaat

Press release
Published August 8th, 2016 - 08:58 GMT

During the event
During the event

EQUATE Petrochemical Company, Kuwait’s first international joint-venture in this industry, and Altaaat Leadership Development Institute continued their strategic partnership in innovation through a joint workshop. 

Commencing their partnership in 2014, EQUATE has so far dispatched two waves of its employees to be trained at Altaaat in Masdar City, UAE. During 2015, EQUATE was granted Innovation Based Leadership (IBL) Award organized by IBM, Masdar City, and Altaaat for developing a fully integrated solution that meets customer requirements in supply chain, marketing, procurement, research & development (R&D), as well as other areas.

EQUATE President & CEO Mohammad Husain said, “Innovation is a critical strategic initiative in EQUATE’s culture to generate overall value and ensure long-term competitiveness. To maintain EQUATE’s position as a global industrial leader, the holistic culture of innovation is implemented throughout the company. The most critical element to ensure the success of innovation is the human capital, our employees, who represent our top stakeholders and main component for sustainability.” 

Husain added, “This ongoing partnership with Altaat is part of EQUATE’s continuous journey to connect people from different organizations, locally and globally, to achieve overall growth and development through innovation. EQUATE will continue sharing and exchanging innovation ideas with its ‘Partners in Success’.”

On her part, Altaat Partner and Senior Leadership Trainer Hala Al-Turki said, “EQUATE has been instrumental in realizing Altaat’s aspiration to form partnerships. These partnerships have the common objective of establishing a culture of innovation with individuals and organizations throughout different parts of the world. In addition, Altaaat has developed several innovation-based leadership solutions and programs in many fields, including IT, marketing and education. This is all part of the continuous social and economic development Altaat and its partners, such as EQUATE, are aiming to achieve.” 

In addition to Husain and Al-Turki, the workshop was attended by EQUATE VP for Technical Services Tareq Jafar Al-Kandari, Innovation Program Leader Abdulrahman Al-Munayes, members of EQUATE Innovation Steering Team, EQUATE participants in Al-Taaat IBL Program, as well as a number of leaders and employees. The workshop was held at EQUATE Innovation Lounge, which is considered one of the first innovation centers established by a private company in Kuwait. EQUATE is also planning on establishing Innovation Centers at its industrial complex and its new headquarters.

Background Information

EQUATE Petrochemical Company

Established in 1995, EQUATE is a global producer of petrochemicals which participates in the creation of a better world, by providing reliable services and solutions, enabling global customers and stakeholders to grow and attain the success they seek. EQUATE’s shareholders are Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC), and Qurain Petrochemical Industries Company (QPIC). 

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