Yanbu Cement Co.’s building
Yanbu Cement Co. will carry out a planned shutdown of the fifth production line for the purpose of conducting scheduled periodic maintenance, in line with the standards adopted for necessary routine and preventive maintenance, according to a bourse filing.
The maintenance will contribute to raising reliability and achieving the cement producer's future operational plans.
The shutdown is expected to last for about 23 days, as of Oct. 1, it noted.
Yanbu Cement said there is no fundamental financial impact on its financial statements. It added that customer service and sales prices will not be affected as this closure was factored in its work plan and budget for the current year, in addition to its strategic stock.
Be the first to comment
Comments Analysis: