Riyadh-Mubasher: Alujain Corporation said Tuesday that a sudden technical failure has occurred on Monday in the propylene and polypropylene complex of its 57.4%-owned subsidiary NATPET in Yanbu Industrial City.
Accordingly, production was halted and will likely be resumed within nine days, the company said in a bourse statement.
The relevant financial impact, estimated at SAR 10.5 million according to the prevailing market prices of polypropylene, will be reflected on Q1-16 financials.
