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Yansab ... endured $87.96 million financial impact due to shutdown

Saudi Arabia's Yansab completes plant maintenance

RIYADH, June 1, 2015

Saudi Arabia-based Yanbu National Petrochemical Company (Yansab) restarted its glycol ethylene plant on May 29, the last of its facilities to undergo maintenance work beginning in April, said the company.

The financial impact of the shutdowns will be SR330 million ($87.96 million) and will be recorded in the second quarter of this year.

Yansab is a subsidiary of Saudi Basic Industries Corporation (Sabic), the Gulf's largest listed company. - Reuters




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