Mubasher: The Kuwait Styrene Co has achieved a net profit of $94 million in the fiscal year ended on 31 December 2017, according to a recent statement.

The international sales strategy has backed in registering good income statements, the CEO of Kuwait Styrene, Adel Al Munifi, said in the statement.

Al Munifi expected the growth to continue in 2018 in line with the solid financial position and the operating strategy to raise efficiency.

Kuwait Styrene is a joint venture established in 2004 between Kuwait Aromatics Company (KARO), a closed firm, and Dow Chemical Company.

Kuwait Styrene represents a large stake in a company operated by Equate Petrochemical Co.