Yansab plans maintenance shutdown of two plants

29/03/2017 Argaam

Yanbu National Petrochemical Company (Yansab) is planning a 21-day shutdown of its ethylene glycol plant for scheduled maintenance starting April 21, 2017, the company said in a statement to Tadawul on Wednesday.

 

The petrochemical firm will also halt production for 10 days at its olefins plant, starting May 1.

 

Financial impact of the shutdowns is estimated at SAR 110 million based on average prices, and is expected to show in Q2 and Q3 2017 results, Yansab said.  

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