KuwaitPR.com, Online Press Release from Kuwait
 
Oil & Gas(Energy and Industry)
Filter PR by
  
EQUATE Propels Kuwait as a Global Leader in the Petrochemicals Business Innovation with SAP

Cloud Enables Business Agility and Competitiveness to Support the New Kuwait 2035 Vision’s Economic Growth Goals

KUWAIT CITY, Kuwait – 3 January 2018 – EQUATE Group, a global producer of petrochemicals, announced today the next phase of its partnership with digital transformation enabler SAP, in an effort to drive the company’s global business growth and support the New Kuwait 2035 vision’s economic diversification goals.
In the highly-competitive petrochemicals industry, 94 percent of executives expect to increase investment in digital capabilities over the next three years, according to a recent report by Accenture.

Thanks to its longstanding partnership with SAP, EQUATE has full business visibility and real-time operational analytics. Business applications run on the SAP HANA in-memory platform for more than 2,000 employees. Now, EQUATE will move its applications to the SAP HANA Enterprise Cloud, a scalable and standardized cloud platform. By using a cloud-based opex model, EQUATE can optimize costs, scale up to meet future business needs and drive innovative business models.

“For this initiative, we drew up three goals: Enhance productivity, rapidly enter new markets and support sustainable growth,” said Faisal Malallah, IT Leader, Equate Petrochemicals. “With our digital transformation on the SAP HANA Enterprise Cloud, we now have the cloud solutions that can integrate and simplify our global systems, enhance our customer experience and drive business competitiveness. EQUATE is an innovation leader in Kuwait, and we are fully supporting the New Kuwait 2035 economic growth goals.”

Across Kuwait, North America and Europe, EQUATE Group operates a wide range of industrial chemical facilities that produce more than 5 million tons of ethylene-related products per year. EQUATE is the world’s second-largest producer of ethylene glycol, a thick liquid used primarily as antifreeze and in making polyester fibers. Also, a number of polyethylene product grades for a wide variety of applications, including consumer and food packaging, industrial packaging, agricultural film, medical and hygiene. 

“EQUATE is showing global innovation leadership in using the SAP HANA Enterprise Cloud to reduce IT complexity and risk and optimize costs,” said Gergi Abboud, Managing Director for SAP Gulf, Levant, North Africa, and Pakistan. “We are deepening our partnership and exchanging exceptional global practices in petrochemicals so that EQUATE is able to gain industry-leading critical business applications that run with cloud simplicity. The company will be able to free up staff to focus on delivering innovation.”

In the coming months, EQUATE will examine adopting the SAP S/4HANA real-time business suite. The suite can support financials, supply chain and warehouse applications as well as connect with innovations such as the Internet of Things, artificial intelligence, machine learning and blockchain.
EQUATE is one of the longest-standing SAP customers in the Middle East and North Africa, having commenced on the “Partners in Success” digital business journey in 1998.

 

Posted by : Kuwait PR Network Editorial Team
Viewed 15615 times
PR Category : Energy and Industry
Posted on : Wednesday, January 3, 2018  12:30:00 PM UAE local time (GMT+4)
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Celebrate the Festive Season With Chloe Eau De Parfum [51029-Views]
Roberto Cavalli Gold Collection [49971-Views]
Let It Glow [36150-Views]
What Procedure I Got Done to My Skin [20102-Views]
DKNY Launches (Limited Edition) Holiday 2018 Collection [17384-Views]
Marni Introduces Marni Rothko, A 7-layer Acetate Frame With a Vivid, New Color Palette [14141-Views]
PopSockets launches a new collection with crystals from Swarovski, the must-have accessory for the H... [14088-Views]
Interview with Asil Attar, CEO of Al Yasra Fashion [14075-Views]
HP ProBook x360 11 G3 and G4 Education Edition [12944-Views]
Marchon Eyewear, INC. And Victoria Beckham LTD. Sign Exclusive Global Licensing Agreement for Eyewea... [12911-Views]
From Tracks to the Street: Puma Re-issues CELL Venom [12316-Views]
Completes Acquisition of Versace [9754-Views]
Michael Kors Unveils Spring 2019 Michael Kors Collection Ad Campaign [9696-Views]
Profeta - Premium Range of Halal Vitamins and Supplements for Men, Women and Children [8872-Views]
Introducing Burberry Bespoke Fragrances [7068-Views]
INJAZ Al-Arab Gears-up for the 12th Annual Young Arab Entrepreneurs Competition to be held in Kuwait [6851-Views]
Sony Unveils Newest Products and Introduces Latest Efforts from Entertainment Businesses at CES 201... [6380-Views]
Rolls-Royce Motor Cars Achieves Historic Business Record [5732-Views]
LG Electronics' Promise of AI for an even Better Life Delivered at CES 2019 Keynote [4776-Views]
19 reasons to fly with British Airways in 2019 [4768-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories