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Shut down at PP plant to impact Q3 Sahara Petro profit
19
Aug '14
An unplanned shutdown at a polypropylene (PP) plant at one of the subsidiaries of Saudi Arabian petrochemical producer Sahara Petrochemical, may impact its third quarter profits.

In a statement, Sahara Petrochemical said a emergency shutdown at a PP plant of its subsidiary Al Waha Petrochemicals, may impact profit in the third quarter by around 9 million riyals or US $2.4 million.

Sahara said the PP plant was shutdown from a technical fault in the utilities section on August 17, and may remain off-stream for around nine days.

During the shutdown period, Al Waha Petrochemicals will initiate a few periodic maintenance activities and said that its customers will be supplied from standby reserves.

Sahara Petrochemicals is a Saudi joint stock company established in April 2004 and has two subsidiaries, Al Waha Petrochemicals Company and Saudi Ethylene & Polyethylene Company.

Fibre2fashion News Desk - India


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