Logo of Alujain Corp.
Alujain Corp. announced the completion of the scheduled periodic maintenance for the propylene and polypropylene complex of its subsidiary National Petrochemical Industrial Co. (NATPET), with operations resuming as planned on Feb. 20, according to the approved plan.
In a statement to Tadawul, the company said that this maintenance work will have a positive impact on the efficiency of the plants and the reliability, which supports the company's future operational plans.
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In addition, NATPET succeeded in increasing the turnaround cycles of its plants from two to three years, which will increase the company's return on assets and its profits.
The financial impact of this scheduled maintenance shutdown will be reflected in the company’s financial results in Q1 2025.
According to data available on Argaam, Alujain announced the scheduled maintenance turnaround for the propylene and polypropylene complex of its 65%-owned subsidiary NATPET, in accordance with the industrial standards.
The mechanical maintenance process ran from Jan. 26-Feb. 17.
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