The plants of TASNEE’s affiliate Saudi Ethylene and Polyethylene Company (SEPC) will be temporarily shut down for routine maintenance, with an approximate financial effect of SR 90 million.
The National Industrialization Company “TASNEE” announces its plan to temporarily shut down the Ethylene and Polyethylene plants for 27 days starting from 23 May 2021 for the scheduled periodic maintenance to enhance the reliability and operability of the plants.
The Company has projected a financial effect of SR 90 million as a result of the closure, based on average rates, which will be reflected in the interim consolidated financial statements for the second and third quarters of 2021. The Company will satisfy the customer’s requirements by using available inventory, and any significant changes (if any) will be announced as soon as possible.
