Riyadh – Mubasher: Advanced Petrochemical Company said it will close its Propylene & Polypropylene plants for proactive efficiency improvement activities.
The shutdown will be for a maximum period of 10 days starting from 10 January 2017, said a bourse filling.
The financial impact of the above shut down will be reflected in the financial results of the first quarter of 2017, which is not expected to be material based on the prevailing market prices of Polypropylene and feedstock.
