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YANSABYanbu National Petrochemical Company (Yanbu Industrial City, Saudi Arabia)
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Petrochemical plants with a strong operating track record can offer access to attractive cash flows," said Credit Suisse and listed Yansab and Advanced Petrochemical as "attractive" stocks.
Annual ethylene glycol capacity at Yansab is 770,000 tonnes.
Materials (6): Hail Cement, SABIC, Sahara, Sipchem, Tasnee, Yansab
Yansab Saudi Arabia's Yanbu National Petrochemicals Co, better known as Yansab, posted yesterday a 7.
Tasnee, Industries Qatar and Yansab are some of them.
Yansab has stated that nearly its entire range of products recorded drop in prices in 2012, although elevated sales volumes facilitated offset the overall fall in income.
IQ (Industries Qatar), YANSAB (Yanbu National Petrochemical Company), Sahara Petrochemical, Shell Oman, Petro Rabigh and Dana Gas reporting better than expected earnings while other stocks such as Saudi Kayan Petrochemical Co.
The objectives of Yansab are to engage in manufacturing of petrochemical products (Ethylene, Ethylene Glycol, High Density Polyethylene, Low Linear Density Polyethylene, Polypropylene, Butene 1, Butene 2, MTBE and BTX) in accordance with its Articles of Association, and other applicable regulations in the Kingdom.
Yansab reported an impressive 92 per cent year-on-year growth and 34 per cent quarter-on-quarter increase in second quarter of 2011 net profit to SAR963 million led by higher average realisation for various petrochemicals as well as an uptake in volumes.
SABIC benefited last year from higher production after the addition of new capacity under its affiliates Yansab and Sharq and under its Tianjin joint-venture with Sinopec.
SABIC raised its output during the second quarter with the start of commercial operations at its Yansab, Sharq affiliates and at a China-based joint-venture.
Yanbu National Petrochemicals Company, or Yansab, surged 9.