Alujain Corporation announces that a sudden technical problem, beyond the control of its technical team, has occurred on Sunday, December 13, 2015 in its subsidiary NATPETs Propylene and Polypropylene Complex in Yanbu Industrial City (Alujain owns 57.4% ownership in NATPET) causing stoppage of the production. NATPET is currently dealing with the problem and expected will resume production within six days. The financial impact of the same will be approximately SR 6.4 million according to prevailing market prices for polypropylene, which will be reflected in the 4th quarter 2015 financial results.
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