Sipchem expects 18 mln negative impact in Q2 from unit maintenance

26/04/2015 Argaam

Saudi International Petrochemical Co. ( Sipchem ) said in a bourse statement that it expects to see a negative financial impact of SAR 18 million in second quarter as a result of scheduled maintenance of two of its plants.

 

Its carbon monoxide and acetic acid (AA) plants are now up and running after maintenance was completed. The petrochemical company says the facilities will enhance production and operating efficiency.

 

According to data available on Argaam, Sipchem has an indirect stake in the carbon monoxide facility through its 72 percent-owned International Gas Co. It also has an indirect stake in the acetic acid plant through its 76 percent-owned International Acetyl Co.

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