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Sipchem recommences operations at AIC’s unit

Sipchem recommences operations at AIC’s unit
The required maintenance works were safely completed
SIPCHEM
2310
0.93% 32.55 0.30

Riyadh – Mubasher: 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.