SAFCO has announced that several shutdowns will be conducted in 2017 to boost efficiency and maintain operational reliability. The company mentioned that the following shutdowns will be initiated: i) SAFCO 4 facility for 84 days (will conduct reliability improvements to the ammonia plant, which will increase productivity by 11%); ii) SAFCO 5 facility in 2H17 for 25 days; iii) SAFCO 2 facility for four days in 1H17; and iv) SAFCO 3 facility for 20 days in 1H17 (will improve the plant’s production capacity by 20%). (Argaam)   SAFCO: SAR71.54 as of 16 Feb. 2017, Rating: Sell, TP: SAR55.00/share, MCap: USD7,950mn, SAFCO AB/2020.SE