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Article: Fritz Companies Signs Contract With Equate Petrochemical Company.
- Article from:
- Business Wire
- Article date:
- August 18, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO--(BUSINESS WIRE)--Aug. 18, 1997--Fritz Companies Inc. (NASDAQ:FRTZ) has signed a 3-year contract to manage EQUATE Petrochemical Company's global distribution from Kuwait.
EQUATE is a joint venture between Union Carbide Corporation and Petrochemical Industries Company of Kuwait. The company is in the final stages of completing a 2 billion dollar production plant in Kuwait that will produce polyethylene and ethylene glycol.
"The volumes required Fritz to be completely integrated into EQUATE's work process," said Mohammad Al Hasawi, vice president commercial at EQUATE. "By joining efforts with Fritz, we are looking to present our ...