VOL. XXXVIII
NO. 33
15-MAY-1995
Kuwait
PIC/Union Carbide Joint Venture To Be Capitalized at $293mn
Equate, the joint venture between the Kuwait Petrochemical Industries Company(PIC) and Union Carbide of the US which is planning to build a $2bnpetrochemical complex at Shuaiba for the production of ethylene (650,000 t/y),polyethylene (450,000 t/y) and ethylene glycol (340,000 t/y) will be capitalizedat KD86mn ($292.55mn) divided into 860mn shares with a par value 100 fils (34 UScents) each,...
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