Methanol Chemicals Company announces that it will shut down its Methanol Plant for a period of 15 days starting from Wednesday 12 Rabi Al Awaal 1437 A H corresponding to 23 December 2015 till Wednesday 26 Rabi Al Awaal 1437 A H corresponding to 6 January 2016 for the scheduled periodic maintenance for replacement of Gas Purification Unit Catalyst Such activity will result in a temporary shutdown for a period of 17 days to the Dimethylformamide plant which mainly uses the feedstock produced by the Methanol plant. The Company will later announce the resumption of the commercial operation of its two plants upon completion of the said maintenance works which will not affect the operation of other Company plants The financial impact of this shutdown is expected to be around SR 10 million SR 6 million is expected to appear in the financial results of Q4 of 2015 while SR 4 million is expected to appear in the financial results of Q1 of 2016
In addition the Company will undergo a scheduled shutdown of its Pentaerythritol plant for a period of 26 days starting from Tuesday 4 Rabi Al Awaal 1437 A H corresponding to 15 December 2015 till Monday 1 Rabi Al Thani 1437 A H corresponding to 11 January 2016 to replace the plant Catalyst and to perform additional unscheduled maintenance works to improve the operational efficiency and reliability of the plant The Company will later announce the resumption of the commercial operation of the plant upon completion of the said maintenance works which will not affect the operation of other Company plants. The financial impact of this shutdown is expected to be around SR 10 million SR 9.5 million is expected to appear in the financial results of Q4 of 2015 while 1.5 is expected to appear in the financial results of Q1 of 2016
Any updates will be announced in due course
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