Sipchem commences commercial operations at EVA Film plant
Sipchem started commercial operations at its EVA Film plant as of 1 January, according to a company release. The company stated that the plant has a capacity of 4,000 mtpa of ethylene vinyl acetate film, while highlighting that the start of operations will be reflected in 1Q19 financial results. It is worth noting that the project costs SAR150mn.
SIPCHEM: SAR20.00 as of 1 Jan. 2019, Rating: Buy, TP: SAR26.00/share, MCap: USD1,956mn, SIPCHEM AB/2310.SE
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