Riyadh –  Sahara International Petrochemical Company (Sipchem) has successfully completed the periodic turnaround maintenance activities for the Acetic Acid Plant of International Acetate Company (IAC), an affiliate of Sipchem.

Startup activities for the (IAC) plant commenced on Saturday, 3 August, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Sunday.

During the scheduled turnaround, the required maintenance works were safely completed, which will enhance the reliability of production and allow the Acetic Acid plant to achieve its future operational plans.

Sipchem noted that the financial impact of this scheduled turnaround will be reflected in its financials of the third quarter of 2019.

“The company has taken all necessary precautions to avoid any potential impact on customers,” the statement highlighted.

It is worth noting that Sipchem reported a 0.24% year-on-year profit decline during the second quarter of 2019, recording SAR 210.9 million.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.