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23-Oct-2016

SABIC begins commercial operations at its polybutadiene rubber plant, starts trial operations for both EPDM and halobutyl rubber plants

Saudi Basic Industries Corporation’s (SABIC) [2010.SE] has announced the start of commercial operations of its polybutadiene rubber (PBR) plant as of 22 October, 2016. The company mentioned that the plant is operating at full production capacity, and that the financial impact of the commercial start will appear in 4Q16. The company also announced the beginning of trial operations of both its ethylene propylene diene monomer rubber (EPDM) and halobutyl rubber plants as of 21 October, 2016. The company added that the trial operations will continue for both plants until they reach commercial operations which is expected to be in 1Q17. (Tadawul)   SABIC: SAR83.83 as of 20 October 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD67,064mn, SABIC AB / 2010.SE

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