Saudi Kayan to shut down production units for periodic maintenance on Feb. 1

29/01/2020 Argaam

 

Saudi Kayan Petrochemical Co. (Saudi Kayan) will shut down its ethylene glycol/ ethylene oxide plants for 21 days starting from February 1, 2020 due to planned maintenance.
 

Kayan’s other plants depending on ethylene glycol and ethylene oxide will also undergo periodic maintenance and improvements, the company said in a statement to Tadawul.
 

The petrochemical producer expects a financial impact of SAR 117 million on Q1 2020 financials based on the current average selling prices of these products.
 

The company added that it will fulfill market needs from its inventory, as part of its plan to mitigate the financial impact.
 

And any material updates will be disclosed in due course, the statement added.

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