Home / Knowledge / News / Textiles / Shut down at PP plant to impact Q3 Sahara Petro profit
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

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search