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Kuwait’s Equate Petrochemical Says 2012 Net Rises 3.8%

Feb. 7 (Bloomberg) -- Equate Petrochemical Co., a joint venture of Dow Chemical Co. and Petrochemical Industries Co. of Kuwait, posted a 3.8 percent increase in profit last year to $1.09 billion.

“These profits were realized through absolute integration of all commercial, industrial, administrative and other elements, as well as global demand for these products, Mohammad Husain, Equate president and chief executive officer, said in an e-mailed statement today. Sales in 2012 ‘‘exceeded’’ $2.6 billion for the first time, Husain said.

To contact the reporter on this story: Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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