Alujain says impact of energy price hikes to be SAR 10-40 mln

30/12/2015 Argaam

Alujain Corp. said on Wednesday that the financial impact of the higher energy prices is likely to be between SAR 10 and SAR 40 million, according to the company’s statement to Tadawul.

The company which produces polypropylene through its affiliate, National Petrochemical Industrial Co., said the actual impact of the higher electricity tariff and energy prices would depend on the prices of oil and propane.


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