Addendum announcement from Sipchem regarding the startup of the International Diol Company Plant
Wednesday, March 06, 2019
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Explanation

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2019-01-15

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 International Diol Company (IDC), an affiliate of Sipchem. Startup activities for the Diol plant commenced on Tuesday, March 05, 2019.

During the scheduled turnaround, the required maintenance works completed safely, which will enhance the reliability of the plant 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 January 15, 2019, regarding IDC’s intention to carry out scheduled turnaround activities at the IDC plant.

Additional Information