Al-Zamil: Sipchem is focusing on operational efficiency, metals molds plant to generate SAR5mn in 2017
Saudi International Petrochemical Company (Sipchem) [2310.SE] Chairman Abdulaziz A. Al-Zamil has announced that the company is focusing on increasing productivity and optimising costs, which saved SAR151mn. He added that the new metal molds plant is expected to generate profit of SAR5mn in 2017. (Tadawul) SIPCHEM: SAR16.47 as of 07 December 2016, Rating: Neutral, TP: SAR14.00 per share, MCap: USD1,610mn, SIPCHEM AB / 2310.SE
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