MPHC poised to strengthen market position: Chairman – The Peninsula

MPHC poised to strengthen market position: Chairman – The Peninsula

Doha: Mesaieed Petrochemical Holding Company (MPHC) will remain focused on its five-year strategic plan and is poised to strengthen its market position, said (pictured). Addressing the Annual General Assembly Meeting of MPHC, held yesterday, he said that MPHC will relentlessly work to enhance shareholder value.

“Going forward, the Group will remain focused on its five-year strategic plan and is poised to strengthen its market position, while relentlessly working to enhance shareholder value. As we follow a strategy towards being a first-quartile petrochemicals producer known for operational excellence, higher safety and environmental standards remains a key to our success,” said Ahmad Saif Al Sulaiti.

He added that while macroeconomic sentiments remained positive, MPHC continued to focus on operational excellence, growth and sustainability. Operational excellence was mainly driven by continuous optimization of our processes, improved reliability and enhanced asset integrity. “On sustainability front, we continued to limit the environmental impacts of our businesses, while enhancing energy efficiency and conservation measures,” he added.

MPHC’s financial performance for the financial year 2021 showed a strong recovery from the previous year, underpinned by improved macroeconomic environment and supply constraints responsible for ongoing sequential product price recovery and resulted in a solid bottom-line growth.

“Given the current short- to