Sahara says production halted in subsidiary’s plant

12/09/2018 Argaam

 

Sahara Petrochemical Co. on Wednesday said production had been halted in a plant owned by its subsidiary, Al Waha Petrochemicals Co. due to a technical glitch.

 

Al Waha is 75 percent-owned by Sahara.

 

The plant’s maintenance works, which aimed to boost production capacity, will take about 17 days, as of today, Sep. 12, 2018, Sahara said in a bourse filing.

 

The relevant financial impact, representing a profit decline of SAR 23.3 million, will reflect on earnings of Q3 2018, in line with the current PP prices.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.