Statement from the Chairman and Managing Director

Petrochemical Industries Company (PIC) continues to demonstrate its dedication towards Health, Safety, & Environment within its premises, as well as the outside community. In FY 10-11, we have successfully built upon our past accomplishments to achieve ever more recognition. I am glad to announce our latest achievement in this regard; namely, our award of the Responsible Care RC 14001 certificate.

RC 14001 has been the fourth certificate we achieve in support of our Health, Safety, Environment, Quality, & Security (HSEQ&S) Policy following our attainment of ISO 9001, ISO 14001, and OHSAS 18001. It is a testament to our approach towards international recognition in HSE.

I talked last year about our expanding Six Sigma program and am glad to relay that this year has seen an expansion and diversification of its use in the field of HSE. Six Sigma methodology have been utilized to effectively pinpoint root-causes of defects in the HSE Management System and developing solutions to eliminate them. Special emphasis was placed in FY 10-11 on pollution prevention and more effective recycling of waste.

The efforts of PIC employees and contractors towards creating and sustaining a safe workplace have resulted in our achieving more than ten million safe man-hours -- an achievement that I would like to gift to all our employees and contractors.

PIC was awarded a Gold Medal by the prestigious, UK-based RoSPA organization as recognition of its excellent HSE performance. I take this opportunity to congratulate all our workers by whose efforts PIC came to have such an outstanding HSE Management System.