As the Chairman of Al Kout Industrial Projects (AIP) Group, I am privileged to be alongside our excellent group of board members; executive management; and diverse talented workforce. From our vision to our values, we aim to deliver on our ambition to realise leadership in the Chlor-Alkali industry and related technical services in the region and beyond.
Established in 1993, AIP has expanded the plant by adding new machinery and equipment to increase capacity to realise more than triple its original output. We have also updated our performance management and people model to shared objectives, linked our values to our competency framework, and are focused on continuous improvement to achieve best in class outcomes for our customers.
We continue to grow our portfolio of businesses, and have acquired 8 wholly owned subsidiaries, which includes a petrochemicals company; chlor-alkali business in the UAE; chemical trading and service business; distribution of industrial materials and equipment; and water and wastewater treatment. Our strategic acquisitions help serve an expanding customer portfolio and cross-border growth into new markets. This has resulted in solid financial and asset growth, despite the challenges of the global economic environment. We have exceeded expectations, surpassed targets and excelled across all areas of the business with a continued vibrant outlook for future growth.
AIP is focused on delivering its strategic objectives:
We continue to seek strategic growth opportunities. We trust that the future will continue to bring sustainable growth, tangible performance, and most importantly, the prosperity of a society and region we so passionately cater to.
Chairman of the Board of Directors