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GPIC reports record production level in 2012
- Bahrain: Monday, March 18 - 2013 at 07:46
Bahrain-based Gulf Petrochemical Industries Co (GPIC) has said its net income for 2012 reached $212m last year, which will be distributed to its shareholders, Gulf Daily News has reported. The company said it managed to cut costs and increase production to a combined 1,454,298 tonnes of ammonia, urea, and methanol, the highest-ever in the company's history, said GPIC chief executive, Sheikh Mohammed bin Khalifa Al Khalifa. Of the total, 1,106,093 tonnes were shipped on board 64 vessels to clients in various global destinations, which was again a record, Sheikh Mohammed noted.
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