Saudi Kayan Petrochemical Co. has moved up plans for simultaneous maintenance work at a number of its plants to March 1, 2016, while it estimated a SAR 96 million financial impact from the shutdown, the company said in a statement to Tadawul.
The maintenance had been previously scheduled to start in April.
Production will be halted at the petrochemical producer’s ethylene glycol and ethylene oxide facility for 48 days.
Its amino and ethoxylate units will both be shut down for about 35 days.
The financial impact will be reflected on Q1-2106 and Q2-2016 results, it added.
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