Qatar’s Qapco to operate QVC
by ChemOrbis Editorial Team - content@chemorbis.com
According to Reuters, Qatar Petrochemical Company (QAPCO) will operate the activities of Qatar Vinyl Company (QVC) by the end of the year, after the procedures start next month.
This integration will not cause any changes in the shares of the owners but a single entity will be enabled to operate the activities on behalf of both companies, reports revealed.
With this integration, it is reportedly aimed to reduce operating costs and enhance the profitability of both parties.
QVC is a part of Mesaieed Petrochemical while QAPCO is a part of Industries Qatar.
This integration will not cause any changes in the shares of the owners but a single entity will be enabled to operate the activities on behalf of both companies, reports revealed.
With this integration, it is reportedly aimed to reduce operating costs and enhance the profitability of both parties.
QVC is a part of Mesaieed Petrochemical while QAPCO is a part of Industries Qatar.
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