Advanced Petrochemical Company (the Company) announces that its Propylene & Polypropylene plants will undergo a periodic scheduled maintenance for a period of three weeks starting from March 1, 2015. It may be noted that such shutdown for periodic maintenance is not considered as loss in production and revenues, since it is planned in advance in accordance with normal industrial practice for carrying out required routine and preventive maintenance and the effects have been taken into account in the preparation of the budget for 2015, both in terms of the quantity of production and expected revenue. The financial impact depending on the expected prices of Polypropylene and feedstock will be reflected in the financial results of the first quarter of 2015.
Advanced Petrochemical announces shutdown of its propylene & polypropylene plants for a periodic scheduled maintenance
Earlier from Advanced Petrochemical
- Advanced Petrochemical: announces the estimated interim financial results for the period ending on 30-09-2014 (nine months)
- Advanced Petrochemical: announces the results of 8th ordinary general assembly meeting
- Advanced Petrochemical: ADDENDUM ANNOUNCEMENT FROM ADVANCED PETROCHEMICAL COMPANY RELATED TO APPROVES THE EQUITY INVESTMENT IN PDH PLANT WITH SK GAS FOR THE PRODUCTION OF PROPYLENE IN SOUTH KOREA
- Advanced Petrochemical: announces the distribution of dividend for third quarter of 2014 including distribution of extraordinary dividend
