31 January 2012 12:34 [Source: ICIS news]
SINGAPORE (ICIS)--Saudi Kayan Petrochemical will shut its 400,000 tonne/year high density polyethylene (HDPE) facility on 1 February for a scheduled one-week-long turnaround at Al-Jubail, Saudi Arabia, a source at the petrochemicals company said.
The HDPE unit produces both film and black compounded pipe grade product, the source said: “Depending on the market demand, we generally produce more pipe grade than film. Our customers are not affected by this shutdown, since this is planned.”
Saudi Arabian chemical company SABIC owns a 35% stake in Saudi Kayan, while Al Kayan Petrochemical (which is also Saudi Arabian) holds a 20% stake. The remaining 45% is held by public shareholders.
For more on SABIC visit ICIS company intelligence
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
| ICIS news FREE TRIAL |
| Get access to breaking chemical news as it happens. |
| ICIS Global Petrochemical Index (IPEX) |
| ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index |