Addendum announcement from Sipchem regarding scheduled periodic maintenance turnaround for selected production units
|Date of posting the previous announcement on Tadawul’s website||2019-06-23 Corresponding to 1440-10-20|
|Change Details on development||Sahara International Petrochemical Company (Sipchem) is pleased to announce the safe completion of the scheduled periodic turnaround maintenance activities for the Vinyl Acetate Monomer Plant of the International Vinyl Acetate Company (IVC), an affiliate of Sipchem. Startup activities for the (IVC) plant commenced on Wednesday July 17, 2019. |
During the scheduled turnaround, the required maintenance works were safely completed, which will enhance the reliability of production and allow the IVC plant to achieve its future operational plans.
|Financial Impact on the change||The financial impact of this scheduled turnaround will be reflected in the company’s 2019 third quarter financial results.|
|Additional Information||The company has taken all necessary precautions to avoid any potential impact on customers. |
This announcement relates to the company’s earlier announcement published on the Tadawul website on June 23, 2019, regarding the scheduled periodic maintenance turnaround for selected production units.
The Capital Market Authority and the Saudi Stock 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.