Addendum announcement from Sipchem regarding the startup of the Polybutylene Terephthalate Plant
Sunday, March 03, 2019
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Explanation

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2019-02-06

Date of posting the previous announcement

Saudi International Petrochemical Company (Sipchem) is pleased to announce the safe completion of the scheduled periodic turnaround maintenance activities for the Polybutylene Terephthalate (PBT) Plant, owned by Sipchem Chemical Company, an affiliate of Sipchem. Startup activities for the (PBT) plant commenced on Friday, March 01, 2019.

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

Change Details on development

The financial impact of this scheduled turnaround will be reflected in the company’s financial results of the first quarter of 2019. The company has announced that it has taken the necessary actions to eliminate any potential negative impact on its customers.

Financial Impact on the change

This announcement is a reference to the company’s earlier announcement published on the Tadawul website on February 06, 2019, regarding PBT’s intention to carry out scheduled turnaround activities at the PBT plant.

Additional Information