SABIC Agri-Nutrients restarts SAFCO 4 plant, financial impact at SAR 110 mln

Logo of SABIC Agri-Nutrients

SABIC Agri-Nutrients Co. announced today, Jan. 7, 2021, the end of the maintenance activities and return to normal operation at SAFCO 4 plant.

The financial impact stood at SAR 110 million, the company said in a bourse filing, adding the shutdown lasted for 43 days.

The delay beyond the announced due date was due to additional maintenance activities that needed to be executed to fix the technical failure.

The financial impact of the delay in starting up the plant compared to the previously announced period amounted to SAR 20 million.

According to Argaam's data, the company announced in December 2020, a temporary shutdown for SAFCO 4 plant due to a technical glitch. The suspension was expected to last 32 days, and the financial impact was estimated at SAR 90 million.