Sipchem’s PBT plant to shut down for scheduled maintenance

06/02/2019 Argaam

 

Saudi International Petrochemical Co. (Sipchem) will start a three-week shutdown of its polybutylene terephthalate (PBT) plant for scheduled maintenance as of today, Feb. 6, the company said in a statement to Tadawul on Wednesday. 

 

The PBT plant is owned by Sipchem Chemical Company; which is a 95% subsidiary of Sipchem.

 

Financial impact of the shutdown is estimated to show in Q1 2019, Sipchem said. 

 

The PBT facility is located in Saudi Arabia’s Jubail Industrial City.

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