Sipchem to suspend 3 plants for scheduled maintenance as of May 1
23/04/2024 Argaam
Logo of Sahara International Petrochemical Co. (Sipchem)
Sahara International Petrochemical Co. (Sipchem) plans a scheduled shutdown of plants affiliated with its subsidiaries, International Vinyl Acetate Co. (IVC), International Acetyl Co. (IAC) and International Gases Co. (IGC), for periodic and preventive maintenance, according to a statement on Tadawul today, April 23.
The company anticipates a four-week halt starting May 1, as part of its 2024 business plan and budget. This maintenance aims to enhance reliability and support future operational strategies.
The financial impact of the shutdown will be based on the actual duration of turnaround and average sales prices, which will appear in the second quarter of 2024.
Sipchem has taken all necessary precautions to mitigate any disruption to its customers and will announce updates on any new developments in due course.