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Sahara International Petrochemical Co. Announces an update on Sahara International Petrochemical Company (Sipchem) Announces Scheduled Periodic Maintenance Turnaround for International Methanol Company (IMC).
| Element List | Explanation |
|---|---|
| Introduction | Sahara International Petrochemical Company (Sipchem) is pleased to announce the safe completion of the scheduled periodic turnaround maintenance activities for International Methanol Company (IMC), an affiliate of Sipchem. Startup activities for the IMC plant commenced on Saturday 3rd June 2023. During the scheduled turnaround, all the required works were completed safely, which will enhance the plant’s efficiency, increase its reliability, reduce production cost, and allow it to achieve its future operational plans. |
| Previous Announcement | Sahara International Petrochemical Company (Sipchem) Announces Scheduled Periodic Maintenance Turnaround for International Methanol Company (IMC). |
| Date of Previous Announcement on Tadawul's Website | 2023-04-16 Corresponding to 1444-09-25 |
| Percentage of fulfilled achievement | 100% |
| Event's Expected Completion Date | 03-06-2023 |
| Reasons for Exceeding the Announced End Date | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The financial impact of this scheduled turnaround will be reflected in the company’s financial results of the second quarter of 2023. The company has announced that it has taken the necessary actions to eliminate any potential impact on its customers. |
| Impact of the Delay on the Company's Financial Results | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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