One of many factories Desert Worldwide Petrochemical Firm – Specim
An organization introduced The Worldwide Desert of Petrochemicals (Specim) About her intention to cease For the worldwide methanol firm manufacturing facility (Inside Specim firms) for the aim of conducting upkeep work consistent with the factors used for the mandatory routine and preventive upkeep.
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The corporate mentioned in a press release to Tadawul, that this interruption is predicted to proceed throughout the firm’s motion and finances for almost 17 days, beginning on Sunday, September 21, 2025, realizing that the monetary affect of this cease is dependent upon the precise interval of stopping in the course of the upkeep interval and the common gross sales costs for merchandise in the course of the stoppage interval, and this impact will seem within the outcomes of the third and fourth quarters of 2025.
She added that these works will contribute to elevating the extent of reliability and attaining the longer term operational plans of the corporate, noting that with the intention to obtain the corporate’s obligations in direction of its clients, all the mandatory precautions have been taken to keep away from any affect from this stopping on the corporate’s obligations in direction of clients, and it’ll additionally announce another developments on the time.
In keeping with the out there information on numbersThe possession of the Specim Firm within the Worldwide Methanol Firm is 65 %, whereas the Japanese Arab Methanol Firm owns the remaining 35 %, and its capital is 360.97 million riyals, and it’s concerned within the manufacturing of methanol (methyl alcohol) with a manufacturing capability of 970 thousand meters yearly.
