Maaden to shut down ammonia plant in early November for scheduled maintenance
According to ICIS, Saudi Arabian Mining Company (Maaden) [1211.SE] is planning to shut down its ammonia plant for maintenance at beginning of November 2016. The report also mentioned that the ammonia plant maintenance was originally scheduled for beginning of 2017. We believe it makes sense for the company to shut down the plant for maintenance earlier than originally scheduled, given the current historically low price levels for ammonia globally. (ICIS, Yousef Husseini) Maaden: SAR37.34 as of 25 October 2016, Rating: Neutral, FV: SAR30.00 per share, MCap: USD11,635mn, MAADEN AB / 1211.SE
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.