MEGlobal is a joint-venture between Petrochemical Industries Company (PIC) of Kuwait and
The Dow Chemical Company, started in 2004

MEGlobal CEO Visits Kuwait to Meet with GUST Business Majors

Kuwait, 11 May 2013: The CEO and management team of MEGlobal visited Kuwait on May 11, 2013 and spent the day listening and interacting with Gulf University for Science and Technology (GUST) business majors who presented solutions to real-world MEGlobal challenges and opportunities as part of GUST’s Case Writing Competition.

MEGlobal is a world leader in the manufacture and marketing of ethylene glycol (EG) products. Established in July 2004, the company is a joint venture between The Dow Chemical Company and Petrochemical Industries Company of Kuwait.

MEGlobal President and CEO Dr. Ramesh Ramachandran said, “This is my second visit to GUST during this semester. Previously, I met with the students and answered their queries and doubts related to the various cases they were working on. Today, we are here to see them present their findings and I’m extremely impressed by the depth of analysis and the fresh approach the students have taken in tackling the cases presented to them.”

The session was the final stage of the Case Writing Competition for GUST Business Administration students. In January, the students were presented with real-world challenges and opportunities that faced MEGlobal in the past and were asked to investigate and recommend courses of actions. To deliver their case study, the students had to execute their own investigative case work by interviewing MEGlobal management, staff, and third party experts.

The real-world challenges posed to the students included making strategic financial decisions for a company with customers in different geographies. Dr. John Hayes said, “One of the questions that we posed to the students was if MEGlobal should sell products to a Kuwait-based customer after receiving information that the customer will eventually back integrate after 18 months. This type of scenario which tackles long-term vs short-term financial goals is prevalent on a day-to-day basis in the business world and students had to tackle it effectively and creatively.

Elements of human resource management in the workplace such as addressing hardworking and dedicated employees who have severe hygiene issues that is uncomfortable for their fellow colleagues through an effective HR policy was also addressed by our students.”

The final stage of the exercise saw five semi-finalist teams present these cases and three more related to HR, IT, Sales/Marketing, and Finance, to the judges.

The awards were presented by President and CEO of MEGlobal, Dr. Ramesh Ramachandran, and Chairman and Managing Director of Petrochemical Industries Company, Kuwait, Ms. Maha Mulla Hussain.

Dr. John Hayes said, “It’s a great opportunity for GUST students to work on such real life corporate challenges. These are the challenges we aspire to train them to tackle while empowering them with the appropriate skills they must possess in the real world.”

MEGlobal is rewarding the first place winning team with $10,000 plus a weekend trip to Dubai, the second place winning team with $5,000, and the third place winning team with $2,500.