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SAHARA INTERNATIONAL PETROCHEMICAL COMPANY (SIPCHEM) ANNOUNCES AN UPDATE ON THE SCHEDULED PERIODIC MAINTENANCE TURNAROUND FOR INTERNATIONAL VINYL COMPANY (IVC) AND INTERNATIONAL ACETYL COMPANY (IAC) AND INTERNATIONAL GASES COMPANY (IGC)
| 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 Vinyl Company (IVC) and International Acetyl Company (IAC) and International Gases Company (IGC) ,an affiliates of Sipchem. Startup activities for the plants commenced on Saturday 25th May 2024. During the scheduled turnaround, all the required works were completed safely, which will enhance the plant efficiency, increase its reliability, reduce production cost, and allow it to achieve its future operational plans |
| Previous Announcement | SAHARA INTERNATIONAL PETROCHEMICAL COMPANY (Sipchem) ANNOUNCED SCHEDULED PERIODIC MAINTENANCE TURNAROUND FOR INTERNATIONAL VINYL COMPANY (IVC) AND INTERNATIONAL ACETYL COMPANY (IAC) AND INTERNATIONAL GASES COMPANY (IGC) |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-04-23 Corresponding to 1445-10-14 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The safe completion of the scheduled periodic turnaround maintenance activities for International Vinyl Company (IVC) and International Acetyl Company (IAC) and International Gases Company (IGC), plants Start commenced on Saturday 25th May 2024. |
| Reasons For The Delay on The Date of The Event Previously Announced | 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 2024. The company has announced that it has taken the necessary actions to eliminate any potential impact on its customers. |
| Delay consequences 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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