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Home Oman News

OQ achieves 10-fold growth in global client base

8 يوليو، 2022
in Oman News
OQ achieves 10-fold growth in global client base

MUSCAT: OQ, Oman’s integrated energy group, says its exports of petrochemical products have more than quadrupled while its client base gas grown nearly 10-fold in the wake of the launch of its petrochemicals flagship Liwa Plastics two years ago.

Since 2020, the company has grown its client base tenfold from 300 to 3,000, while the volume of products shipped had jumped from 900 containers per month to 4,000 – all during a well-documented shipping crisis, OQ said in a press statement.

“It has been a very strange few years but despite the obstacles placed in front of us we have flourished,” commented Gilles Rochas, Managing Director of OQ Polymer Marketing. “Our change-positive culture and innovative approach to development have seen us grow enormously, meeting market demands in challenging global conditions. We see opportunity in change and are fuelled by the fast-paced decisions that create a positive impact during times of adversity.”

Since March 2022, OQ’s polymer plants have delivered more than 100 kilotons of polyolefin per month, a new capacity record. With accessible sales and logistical networks in the East and West corners, OQ’s increased production will continue to ramp up to meet the anticipated demands of the various markets that it supports across the globe, the company stated.

Due to the rapid growth in activities flowing through the Omani hubs, expansion outside of OQ’s home country has been necessary to support the company’s global network.

Indeed, outside of Oman, the company continues to broaden its horizons. Over the last three years, OQ has stationed hubs in Malaysia and the Belgian port city of Antwerp, making it better placed than ever to serve an expanding global customer base.

Presently, OQ operates out of 17 countries and covers more than 70 nations with its range of Luban PP, HDPE and LLDPE products, manufactured on its Suhar based production plants.

These international operations are backed by its growing regional sales presence supported by OQ’s sales activities in Oman, India, Turkey, China, Spain, and Singapore. Crucially, all these locations are managed by dedicated professionals familiar with the local business environment.

OQ’s people have been central to OQ’s ongoing developments. In light of the company’s rapid expansion, its structure has shifted to mimic this progress and diversification. As a result, the company’s employee base continues to strengthen and diversify, proudly representing more than 50 nationalities that come together to innovate and build solutions to challenges, a key official said.

“We are a multinational team underpinned by the shared Omani courage,” added Ali al Lawati, Vice President Global Sales. “We recognise that as employees, we want to see our ambitions come to fruition, not only for Oman, but for a global collective. For us, this is a matter of pride and ethics. We want to create and steer positive change for the future.”

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