Repair works at National Petrochemical Industrial Co.’s (NATPET) plant in Yanbu are going according to plan, after the facility witnessed a fire incident in October.
The insurance policy covered the accident, including repair expenses, as well as financial impact from the production halt, according to a statement from Alujain Corp., which owns 57 percent of NATPET.
All production units are expected to be operational by the end of September 2019, it said.
The insurance company’s report, as well as the financial impact on Alujain, will be revealed at a later time.
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