Sipchem has announced a technical issue in its affiliate International Diol Company (IDC), which resulted in a decrease in the plant’s production. The company is currently working on the issue, and the plant is expected to return to full capacity by end of this week. Sipchem noted that there will be no material impact on IDC’s business. It is worth noting that Sipchem owns 53.91% of IDC.
SIPCHEM: SAR16.64 as of 23 Mar. 2017, Rating: Neutral, TP: SAR18.50/share, MCap: USD1,627mn, SIPCHEM AB/2310.SE