Saudi Maaden shuts phosphate plant
Riyadh, April 29, 2013
Maaden Phosphate Company (MPC) has shut its Diammonium phosphate plant (DAP) at Ras Al Khair in Saudi Arabia after being unable to restart the ammonia plant that feeds it, the company said on Monday.
MPC, in which parent company Maaden owns 70 percent and Saudi Basic Industries Corp owns the rest, shut the ammonia plant for repairs at the start of April.
It said at the time that the DAP plant would continue to operate normally using stocks of ammonia, while the repairs were carried out which it had expected to take about two weeks.
But Maaden said in a statement to the Saudi stock exchange on Monday it had experienced technical difficulties during the start-up of the ammonia plant, which had forced it to shut the DAP facility until the ammonia plant could be restarted.
MPC said would take the opportunity to bring forward maintenance that had been planned for May, which it said should help to reduce the financial impact of the shutdown in the second quarter.-Reuters
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