Saudi Arabian Fertilizers Co. (SAFCO) will halt operations at its SAFCO 3 plant as of Jan. 11 for 117-day scheduled maintenance, the company said in a bourse statement on Sunday.
The company aims to enhance reliability at its SAFCO 3 ammonia plant, and implement regular maintenance at the ammonia and urea facilities.
The fertilizer producer added that it expects the related financial impact at average prices to reach nearly SAR 121 million, and show in the first and second quarters of 2019.
SAFCO will work on containing this financial impact through the optimum use of available stock.
The ammonia reliability enhancement project, which aims to improve energy utilization, will boost annual production capacity by 100,000 metric tons.
The reliability enhancement project comes as part of SAFCO’s 2025 strategy, the statement added.
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