Yansab expects SAR 350 mln financial impact after maintenance

24/05/2015 Argaam

Yanbu National Petrochemicals Co. (Yansab) has resumed operations at most of its plants after completing preventive maintenance on May 22, the company said in a statement to Tadawul.

 

Yansab said that maintenance works at its ethylene glycol plant, however, will still be ongoing for another 10 days. Financial impact of all procedures will be around SAR 350 million, limited by its inventory on stock, it added.

 

According to data reported on Argaam, the company had announced its plans for preventive maintenance in December, but started work in April.

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