Sipchem announces the completion of the PBT turnaround
Sipchem has announced the completion of the turnaround maintenance at their PBT plant on 1 March 2019. The turnaround is expected to enhance the reliability of the plant and enable it to achieve its future operational targets. It is worth noting that the financial impact of the maintenance will be reflected on 1Q19 and that the company has taken the necessary actions to eliminate any negative impact on its customers. (Tadawul)
SIPCHEM: SAR20.06 as of 3 Mar. 2019, Rating: Buy, TP: SAR26.00/share, MCap: USD1,961mn, SIPCHEM AB/2310.SE
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