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FINANCIAL NEWS
Bahrain’s GPIC posts USD212m profit in 2012
17 Mar 2013
(MENAFN) Bahrain’s Gulf Petrochemical Industries Company’s (GPIC) board chairman, Shaikh Isa bin Ali Al Khalifa, announced that the company’s profit for 2012 grew to USD212 million, reported Gulf Daily News.
Shaikh Isa said that during the year, the company concluded 14,417,194 man-hours without any lost time incidents, noting that a number of projects were carried out in 2012, covering occupational health and safety procedures.
The company invested over USD59 million in maintenance operations that covered the replacement of important modules and capital projects.
Meanwhile, GPIC reduced costs in 2012 and increased its combined production to a record 1,454,298 tons of ammonia, urea, and methanol.
It is worth noting that GPIC exported 1,106,093 tons of its products in the year.
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