Bid & Tender
Production Stops at Natpet Unit due to Technical Issues

Date : Jan 13, 2016

Saudi Arabia's Alujain Corporation said that output had stopped the previous day at a petrochemicals plant owned by its subsidiary in Yanbu Industrial City after a sudden technical problem.

 

The subsidiary, Natpet's Propylene and Polypropylene Complex, was dealing with the problem and production was expected to resume within nine days, said Alujain.

 

The financial impact of the stoppage would be around SR10.5 million ($2.8 million), which will be reflected in Alujain's first-quarter financial results, it added.

 

Alujain holds 57.4 percent of shares in Natpet's Propylene and Polypropylene Complex.