Saudi International Petrochemical Co. (Sipchem) started on Monday the trial operation of its ethylene-vinyl acetate film plant of the Saudi Specialized Products Company, it said in a statement to the Saudi bourse, Tadawul.
The financial impact of the SAR 150 million project will be calculated when commercial operations begin.
Saudi Specialized Products Company is 75 percent owned by Sipchem and 25 percent by Korea’s Hanwha Chemical.
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