Sahara Petrochemicals shuts down its subsidiary Al Waha

4:43 PM, 18th July 2011

JUBAIL, SAUDI ARABIA: Sahara Petrochemical Company (SPCC) declared that its subsidiary Al Waha Petrochemicals Company was shut down on Saturday 16 July, 2011, morning due to a technical fault in the recycle effluent compressor (REC). This led to the interruption of production processes in all operating units, where the repairing process is expected to end in a period not exceeding two weeks from Saturday’s date. SPCC mentioned the missed opportunity to be production of nearly 16,000 tonne of Polypropylene, that equivalent of SR 940,00,000 of polypropylene prices currently prevailing in the third quarter which will affect the expected profits in the third quarter of this year.

This period will be exploited by providing scheduled maintenance operations of the factory that were planned for July 2011 end. Customers will be provided from available reserve stock during the downtime period.

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