Kuwait Styrene realizes USD 81 Million net profit in 2010 Sales value exceeds USD 600 million - Mar 14, 2011[12:25]
The Kuwait Styrene Company (TKSC) announced a net profit of USD 81 million for the fiscal year ending December 31, 2010.
Following TKSC’s board meeting to ratify financial results, its Board Chairman Ahmad Abdullah Al-Habib said, “These profits were realized due to a number of elements, such as strategic management, highly efficient operations, proper marketing, as well as the global rise in prices of petrochemical products.”
Al-Habib noted, “Sales value in 2010 has exceeded USD 600 million, which is a positive sign indicating the continuous recovery of petrochemical markets.”
Al-Habib expressed, “Utmost appreciation and gratitude to all contributors to this success, especially TKSC Board members, shareholders and EQUATE Petrochemical Company.”
On his part, TKSC CEO Adel Yousef Al-Munifi said, “Styrene Monomer markets currently enjoy a positive hike as annual global demand exceeds 4%, especially in light of escalating gross domestic product growth in emerging economies, such as China, India and others.”
As Kuwait’s first and only producer of Styrene Monomer, TKSC was established in 2004 as an international joint venture between Kuwait Aromatics Company (KARO) and The Dow Chemical Company (Dow).
EQUATE Petrochemical Company is the single operator of Greater EQUATE, which includes The Kuwait Styrene Company (TKSC), Kuwait Paraxylene Production Company (KPPC) and The Kuwait Olefins Company (TKOC) under one fully integrated operational umbrella at Kuwait’s Shuaiba Industrial Area.
Market Prices of PolyStyrene
| Date |
Category |
subcategory |
Price |
| 01-Mar-2011 |
Polyolefins |
POLYETHYLENE HDPE INJECTION CFR FAR EAST |
1320  |
| 01-Mar-2011 |
Polyolefins |
POLYETHYLENE HDPE INJECTION CFR SOUTH EAST ASIA |
1340 |
| 01-Mar-2011 |
Polyolefins |
POLYETHYLENE LDPE GP-FILM CFR FAR EAST |
1705 |
| 01-Mar-2011 |
Polyolefins |
POLYETHYLENE LDPE GP-FILM CFR SOUTH EAST ASIA |
1725 |
| 01-Mar-2011 |
Polyolefins |
POLYETHYLENE LLDPE FILM CFR FAR EAST |
1415  |
| 01-Mar-2011 |
Polyolefins |
POLYETHYLENE LLDPE FILM CFR SOUTH EAST ASIA |
1440 |
| 01-Mar-2011 |
Polyolefins |
POLYPROPYLENE BLOCK COPOLYMER CFR Far East Asia |
1620 |
| 01-Mar-2011 |
Polyolefins |
POLYPROPYLENE BLOCK COPOLYMER CFR SOUTH ASIA |
1650 |
| 01-Mar-2011 |
Polyolefins |
POLYPROPYLENE FILM CFR FAR EAST |
1600 |
| 01-Mar-2011 |
Polyolefins |
POLYPROPYLENE FILM SOUTH EAST ASIA |
1640 |
| 01-Mar-2011 |
Polyolefins |
POLYPROPYLENE INJECTON CFR FAR EAST |
1575 |
| 01-Mar-2011 |
Polyolefins |
POLYPROPYLENE INJECTON SOUTH EAST ASIA |
1620 |
| 01-Mar-2011 |
Polyolefins |
POLYSTYRENE GPPS CFR FAR EAST |
1490 |
| 01-Mar-2011 |
Polyolefins |
POLYSTYRENE GPPS CFR SOUTH EAST ASIA |
1495 |
| 01-Mar-2011 |
Polyolefins |
POLYSTYRENE HIPS CFR FAR EAST |
1600 |
| 01-Mar-2011 |
Polyolefins |
POLYSTYRENE HIPS CFR SOUTH EAST ASIA |
1605 |
| 01-Mar-2011 |
Polyolefins |
PVC SUSPENSION CFR FAR EAST |
1095 |
| 01-Mar-2011 |
Polyolefins |
PVC SUSPENSION CFR SOUTH EAST ASIA |
1095 |
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