GPIC Annual Report 2019
BOARD OF DIRECTORS’ REPORT TO SHAREHOLDERS
At the outset, GPIC’s Board of Directors would like to extend its sincere congratulations to the Shareholders, the President, members of the Executive Management and all Employees on its 40th Anniversary, during which it has achieved many significant milestones and cemented itself as one of the leading petrochemical companies. The year 2019, has been marked by many successes at both local and international levels. GPIC achieved +32 million working hours for its workforce and contractors without any lost time accident, exceeding 16 years of safe work since May 2002. The Board of Directors is delighted to present to the shareholders its annual report for 2019, this year’s annual report includes the achievements made by the company, as well as activities related to the fields of occupational health, safety and the environment and financial, technical, administrative and marketing activities. On the production front, the company produced 451,429 tons of methanol, 465,917 tons of ammonia, and 727,244 tons of urea. The close cooperation with the marketers, the SABIC Agri-Nutrient Investments Company and the Petrochemical Industries Company of Kuwait contributed to the smooth and continuous export
At the outset, GPIC’s Board of Directors would like to extend its sincere congratulations to the Shareholders, the President, members of the Executive Management and all Employees on its 40th Anniversary. of the company’s products. These were loaded onto 62 ships throughout the year. The company won numerous awards during 2019, including two global awards in the field of occupational safety and health from the Royal Society for the Prevention of Accidents (RoSPA) and the IFA 2019 Industry Stewardship Champion Gold Medal granted by the International Fertilizer Association. In addition, the company was chosen to be amongst the distinguished workplaces of 2019 in the field of occupational safety and work environment safety. A number of the company’s notable employees were also honoured. In spite of the challenges faced throughout the year, the Board of Directors are delighted to report, GPIC achieved a net profit totaling $ 33.98 million.
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