Saudi Kayan announces the suspension of some production units… and we expect a financial impact of 147 million riyals

The Saudi Kayan Petrochemical Company, “Saudi Kayan”, announced the suspension of some of the company’s production units, starting from March 1, 2023 AD to April 14, 2023 AD, for the purpose of conducting scheduled periodic maintenance for factories.

The company said in a statement on “Tadawul Saudi Arabia”, today, Wednesday, that the maintenance operations aim to increase production efficiency and improve the reliability and reliability of factories.

She added that the plan includes stopping factories for “glycol” (ethylene / ethylene oxide) for a period of 28 days, “polycarbonate” for a period of 40 days, “phenolic” for a period of 20 days, “amines” for a period of 28 days, and “ethoxylate” for a period of 28 days. days.

She indicated that the financial impact of this stoppage is expected to be according to the current average selling prices of 147 million riyals during the first half of the year 2023 AD, and the company will meet the needs of the market by using the stock available to it within a systematic plan to reduce the financial impact.