Alujain's Natpet shuts down its propylene and polypropylene plants for technical repairs
Alujain Corporation [2170.SE] has announced that a technical error occurred at the propylene and polypropylene complex owned by its subsidiary Natpet, which led to the shutdown of the plants. According to the announcement, the repairs and shutdown are expected to last for a period of nine days and would have a financial impact of SAR10.5 million on 1Q2016 results. It is worth noting that Natpet is 57.4% owned by Alujain. (Tadawul)
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