Nama Chemicals : تعلن شركة نماء للكيماويات عن الانتهاء الآمن من أعمال الصيانة الدورية المجدولة لمص
October 24, 2021 at 01:24 pm EDT
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A2210 NAMA CHEMICALS-0.25 (-0.6 %) 1443/03/18 Sun Oct 24, 2021 09:30:15
Nama Chemicals Company announces the safe completion of the scheduled periodic maintenance works for the plants of Hassad project (Subsidiary Plant)
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Explanation
Introduction
Nama Chemicals Company announces the safe completion of the scheduled periodic maintenance works for the plants of Hassad project (Subsidiary Plant), and the start of the plant's operation and production work on Wednesday, October 20, 2021.
During this periodic scheduled maintenance, works have been done to change the chemical catalysts as well as to inspect, repair and maintain different units of the affiliated units. Works have also been done to integrate the chilled water system affiliated to utility unit. The operation of the entire industrial complex will be completed on 25/10/2021.
Previous Announcement
Nama Chemicals Company announces the start of shutdown part of its industrial complex of Jubail Chemical Industries Company (Jana) for Planned maintenance work
Date of Previous Announcement on Tadawul's Website
2021-10-03 Corresponding to 1443-02-26
Percentage of fulfilled achievement
100%
Event's Expected Completion Date
2021-10-21
Reasons for Exceeding the Announced End Date
NA
The costs associated with the event, and if they have changed or not with indication of the reasons.
The costs related with the event: 19.6 Million Riyal, and there is no change
Impact of the Delay on the Company's Financial Results
Because of the company maintains sufficient inventory to operate the related plants and other units, the financial impact is very limited.
Additional Information
Note that all maintenance works have been completed, and the hydrochloric acid plant, the caustic plant, as well as the sodium hypochlorite plant have been put into operation by 20/10/2021 and works are underway to operate the allyl alcohol and epichlorohydrin plants.
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Disclaimer
Nama Chemicals Co. SJSC published this content on 24 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2021 17:23:03 UTC.
Nama Chemicals Company SJSC (NAMA) is a Saudi Arabia-based company engaged in developing, owning, operating and managing industrial projects in the petrochemical and chemical fields. The Company's product range includes epoxy (polyepoxide), which is a thermosetting polymer; caustic soda, which is used in various applications by numerous industries worldwide in chemical production, petroleum and natural gas processing, textile finishing process, cleaning products, food processing, beverages, pharmaceutical and municipal water and sewage treatment; Epichlorohydrin used for cellulose, resins and paints; Calcium Chloride; Hydrochloric Acid, and Sodium Hypochlorite. NAMA operates through its subsidiaries, Jubail Chemicals Industries Co. (JANA), Arabian Alkali Company (SODA), NAMA Industrial Investment Company and NAMA Europa GMBH.