Sahara International Petrochemical Co. Announces an update on scheduled periodic maintenance turnaround for the Polymers Plant of the International Polymers Company (IPC)
| Element List | Explanation |
|---|---|
| Introduction | Sahara International Petrochemical Company (Sipchem) is pleased to announce the safe completion of the scheduled periodic turnaround maintenance activities for the Polymers Plant of the International Polymers Company – IPC (a Sipchem affiliate). Startup activities for the Polymers Plant commenced on Sunday February 07, 2021.
During the scheduled turnaround for the Polymers plant, the required maintenance works were completed safely, which will enhance the Polymers plant’s efficiency, increase its reliability, reduce production cost and allow it to achieve its future operational plans. |
| Previous Announcement | Sipchem announces scheduled periodic maintenance turnaround for some of its Production Plant Units |
| Date of Previous Announcement on Tadawul's Website | 2021-02-01 Corresponding to 1442-06-19 |
| Percentage of fulfilled achievement | 100 % |
| Event's Expected Completion Date | February 07, 2021 |
| Reasons for Exceeding the Announced End Date | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | This scheduled maintenance turnaround is in accordance with the IPC 2021 business plans. The financial impact of this scheduled maintenance turnaround will be reflected in the in the company’s 1st Quarter of 2021 financial results. The company has announced that it has taken the necessary actions to eliminate any potential negative impact on its customers. |
| Impact of the Delay on the Company's Financial Results | N/A |
| Additional Information | The scheduled maintenance turnaround for the Polymers plant was announced on February 01, 2021 and was intended to enhance the reliability of the Polymers plant and to allow for its future operational plans to be achieved. |
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