Advanced announces the completion of the PP plant turnaround
Advanced has announced the commencement of startup activities of its PP plant on 4 March 2019. According to the announcement, the turnaround is expected to improve the plant’s reliability. It is worth noting that the financial impact of the shutdown will be reflected in 1Q19 financial results and that it depends on the expected prices of PP and feedstock. (Tadawul)
Advanced: SAR56.00 as of 5 Mar. 2019, Rating: Buy, TP: SAR58.50/share, MCap: USD2,939mn, APPC AB/2330.SE
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