SABIC starts commercial operations at methyl methacrylate, polymethyl methacrylate complex; to affect 2Q18 results
SABIC has commenced commercial operations at its methyl methacrylate monomer and polymethyl methacrylate complex as of 2 April. Based on the release, the company has commenced commercial operations after completing trial operations and the mechanical testing phase. The financial impact from the subject commercial startup will affect 2Q18 results. It is worth noting that the subject project is a JV between SABIC and Mitsubishi Chemical Company.
SABIC: SAR115.93 as of 1 Apr. 2018, Rating: Neutral, TP: SAR110.00/share, MCap: USD92,744mn, SABIC AB/2010.SE
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