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SIPCHEMSaudi International Petrochemical Company (Saudi Arabia)
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Sipchem has a 1,800 t/d ammonia plant in Jubail on stream since early 2012.
Based on DuPont's reputation and success in the Saudi Arabian market, we have selected them as the partner to support SIPCHEM on this transformational journey.
Sipchem also participated in the exhibition by installing an attractive booth that was visited and appreciated by several hundreds of visitors.
In a separate statement to the Tadawul, Sipchem also reported that with reference to the announcement to the market dated 12 May 2016 regarding the company's intention to exercise its right of early redemption of its Mudaraba Sukuk with an aggregate amount of SAR 1.
Sipchem blamed the profit slump on its closing of some plants for maintenance during the quarter, plus a "significant decrease in product sales prices".
Al-Ohali, CEO of SipChem, said: "Since the launch of the project in 2009, Veolia have worked effortlessly to create an environment in which our products and services can be produced efficiently.
a Sipchem affiliate, while ethanol feedstock will be imported from global markets.
Saudi Arabia's Sipchem Chemical Co, a fully-owned unit of Saudi International Petrochemical Co, has signed a $43.
The three projects include building a chemical plant in partnership with South Korea's Hanwha Chemical, an ethyl acetate plant fully-owned by Sipchem and a 50-50 joint venture with a Korean firm to build a wiring cable compounding material plant, Al-Ohaly said.
Sipchem, which plans to part-finance three projects worth over $1 billion with the sukuk sale, began roadshows for the bond on Saturday and sees book building to begin next week.
Korean Firm GS A $800M EPC Contract For An Ethylene Vinyl Acetate (EVA) Plant Which Will Have A Capacity Of 200,000 T/Y In 2Q 2013; EVA Is Used In Making Sports Equipment And Solar Panels; The Facility Will Create About 200 Direct Jobs; The Product Will Be Sold On The Global Market; Sipchem Owns 75% Of The Plant And, S.
Sipchem said third-quarter operating profit stood at 175.