28 October 2011 07:00 [Source: ICIS news]
Correction: In the ICIS story headlined "Saudi's APC ramps up production at Al-Jubail PP plants" dated 28 October 2011, please read in the first paragraph ...said on Friday... instead of ...said on Monday.... A corrected story follows.
SINGAPORE (ICIS)--Saudi Arabia’s Advanced Petrochemical Company (APC) has ramped up to near-full production at its two polypropylene (PP) units at Al-Jubail, after the plants resumed operations on 19 October, traders and a source close to the company said on Friday.
APC officials could not be reached for comment.
“The [PP] units should be running at close to full tilt since the technical problem has been solved,” said one trader.
But APC may not have enough available material to sell in November as the company will need to clear delivery backlogs, said another trader.
APC is 47%-owned by Saudi Industrial Development Fund, while the remaining 53% is held by private investors.
Additional reporting by Belle Huo
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