Yanbu National Petrochemical Company (YANSAB) announces a temporary shutdown for Company Plants to perform maintenance activities
| Element List | Explanation |
|---|---|
| Announcement Detail | Yanbu National Petrochemical Company (YANSAB) announces a temporary shutdown for Company Plants result of a technical failure, currently the work on progress to repair this failure and carry out the necessary maintenance activities. It is expected that this shutdown will continue for 12 days starting from Sunday 01 Dhu al-Hijjah 1442H corresponding to July 11, 2021 AD.
It is expected that some of Company Plants will start gradually during the shutdown period. Noting that the expected financial impact of this shutdown based on average prices is estimated at 120 million Saudi Riyals. The financial impact will appear during the Third quarter of 2021. The company will reduce this financial impact by optimizing the available inventory. The Company will announce any significant future developments, if any, at the time. |
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