gpic holds general assembly meeting
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

GPIC holds general assembly meeting

Arab Today, arab today

Arab Today, arab today GPIC holds general assembly meeting

GPIC holds general assembly meeting
Manama - BNA

The Gulf Petrochemical Industries Company (GPIC) held its 38th Ordinary General Meeting (AGM) on March 23.
Company Chairman H.E. Dr. Ahmed Al Sharyan presided over the meeting that was attended by Mr. Talal Isa Al-Sultan as a representative of the Petrochemical Industries Company (PIC) of Kuwait and Mr. Khalid Bin Ali Al-Qarni from the Saudi Basic Industries Company (SABIC).
During the meeting, the General Assembly approved the Board of Directors' report on the Company's business for last year as well as the auditor’s report. Shareholders expressed satisfaction and appreciation at the Company’s financial position and its achievements at the local, regional and international levels as well as its active social responsibility role.
The General Assembly thanked and expressed gratitude to His Majesty King Hamad bin Isa Al Khalifa, His Royal Highness Prince Khalifa bin Salman Al Khalifa, the Prime Minister and His Royal Highness Prince Salman Bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, for their continued support and care for the Company's operational and community programmes.
The General assembly praised efforts of the Board of Directors, the Executive Management and all employees for their outstanding performance during the year. It said they worked diligently in perfect team spirit, demonstrating commitment to the success of the Company's operations.
The Chairman said the Company continued its achievements in 2016 and efforts resulted in a reduction in spending and an increase in production in spite of the challenges faced by the petrochemical industry. He said the Company exceeded all production targets set by its Board of Directors.
The Chairman praised the close cooperation and coordination with PIC and SABIC, which, he said, had a major impact on the smooth flow of exports of the Company's products.
He said the Company exceeded all its targets for the year and even achieved new records. The production of Urea reached 704,003 metric tons, a new record, while Methanol and Ammonia production reached 445,880 metric tons and 467,539 metric tons, respectively. The combined production of the three reached 1,617,422 metric tons – also a new record.
The Chairman said the close co-operation with PIC and SABIC contributed to the smooth export of the Company's products. He said 1,188,824 million tons of the Company's products were shipped on 64 vessels at the best prices.
In a statement, GPIC President Dr. Abdulrahman Jawahery said the Company achieved more than 25 million hours without a lost time accident and that there has been no untoward incident since May 2002.
Dr. Jawahery said the carbon dioxide recovery plant helped the Company reduce carbon emissions and maintain environmental safety according to standards set up by the Bahrain Government in coordination with the Supreme Council for Environment. 
Dr. Jawahery said the Company has maintained its maintenance systems, which ensures their necessary operational efficiency. He said GPIC is committed to a plan to periodically replace equipment and evaluate its effectiveness. The President said continuous follow-up of the Company's factories is carried out through a sophisticated and advanced system that monitors operations to ensure factories work at optimum conditions.
Dr. Jawahery spoke about the Company's efforts in the field of training and development of human resources. He mentioned the efforts in training Bahrainis and developing their skills. 
He said the training and development centre had been developed into an Academy of Leadership and Learning, which had enhanced the efficiency of human resources and helped them keep abreast of technical and scientific developments. He said a new generation of qualified and practical leaders with the aim of continuing to confirm the Company's success and seize future investment opportunities had taken shape.
The Board of Directors placed on record its appreciation of the local and international awards won by the Company in 2016. The most important was the Arab Award for Social Responsibility in the category of the best companies in the Arab world.

Source: BNA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gpic holds general assembly meeting gpic holds general assembly meeting

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gpic holds general assembly meeting gpic holds general assembly meeting

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 06:05 2017 Wednesday ,12 April

Ahmed Saad bets of success of “On Your Position”

GMT 01:58 2016 Tuesday ,15 November

OIC to hold 2nd meeting on Makkah attack

GMT 03:31 2016 Monday ,14 November

Prince Salman bin Fawaz bin Saud bin Abdulaziz dies

GMT 03:08 2016 Saturday ,17 December

Arab Social Affairs Ministers Conclude meeting in Cairo

GMT 19:36 2015 Thursday ,13 August

US accuses Syria of stepping up barrel bombing

GMT 04:08 2011 Sunday ,06 March

Oil climbs higher on Libya conflict

GMT 09:37 2016 Sunday ,25 September

Leading goal scorers of French Ligue 1

GMT 19:46 2016 Tuesday ,27 December

Israeli forces detain 11 Palestinians in West Bank

GMT 14:27 2015 Saturday ,20 June

Nika Tang appoints Lewis & Leigh PR

GMT 09:42 2017 Saturday ,25 November

Attack on mosque in Egypt's Sinai kills at least 184

GMT 20:21 2017 Friday ,24 February

Abu Dhabi CP sends condolences to Russia

GMT 05:05 2018 Sunday ,21 January

500 new trainees join US-backed Syria border force

GMT 10:28 2016 Thursday ,31 March

Uganda court upholds Museveni election win

GMT 23:35 2016 Saturday ,10 September

Quake hits Indian capital
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday