GPIC celebrates savings milestone
Manama : The Gulf Petrochemical Industries Company (GPIC) yesterday announced achieving a saving milestone of 11 per cent in procurements and contracts.
This according to GPIC President Dr. Abdulrahman Jawahery was achieved mainly through savings via. expenses in the purchasing sector.
“The Company relied on direct negotiations with suppliers and contractors to get the best possible rates in terms of quality and price,” Dr. Jawahery said.
A ceremony was held on the occasion in the presence of GPIC Managing Director Ibrahim Al Musaiteer, Dr. Jawahery, members of the Executive Management, representatives of the Labour Union, employees and officials.
Dr. Jawahery said he was optimistic about improvement in the global economic situation, especially with the gradual improvement in the price of oil.
GPIC has, in recent years, seen an increase in production, which resulted in achieving record numbers also in employment, exports, maintenance and safety, making the Company an example of a clean and successful regional entity.
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