Saudi Polymers to permanently shut down PS complex

Saudi Polymers to permanently shut down PS complex
WESPECH PTE LTD
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30.06.2020

MOSCOW (MRC) -- National Petrochemical Co. (Petrochem) said that the board of directors of its subsidiary, Saudi Polymers Co., decided to shut down the polystyrene unit and amortize its value, due to difficulties in achieving profits amid the global polystyrene market conditions, said Argaam.The company expected this process to have an impact of up to SAR 277 million on its financial sta

Full article at mrcplast.com

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