Saudi Kayan restarts ethylene glycol/oxide ethylene plant

11/04/2016 10:16 AST

Saudi Kayan Petrochemical Co. restarted on Sunday a plant that produces ethylene glycol and oxide ethylene after scheduled maintenance and some technical repairs, the company said on Monday.

The affiliate of Saudi Basic Industries Corp (SABIC) said in January that it would shut the plant down on March 1 for 48 days, having initially postponed the work from last October.

The shutdown would also halt the production of polycarbonate, ethoxylates and amines for 53 days.

Kayan said on Monday that all plants which depended on the ethylene glycol and oxide ethylene complex would be restarted according to a set timeframe.

Kayan said previously that the financial impact of the shutdown would amount to about 96 million riyals ($25.6 million), which would be reflected in its first- and second-quarter results.

Three analysts polled by Reuters have, on average, forecast that Kayan will make a net loss of 373.77 million riyals in the first quarter, a narrower loss than the corresponding period of 2015. ($1 = 3.7499 riyals)


Reuters

News

Al Jazira Capital remains “Overweight” on Saudi Kayan

22/10/2017

Net income of SAR 381.0mn, beats Al Jazira Capital estimate and market consensus. Net income was supported by higher than expected operating rate and higher margins. Gross margin increased on YoY bas

GulfBase

Higher feedstock cost would impact Kayan’s earnings after FY2017

19/01/2016

Aljazira Capital stated in their recently issued research report that the government of Saudi Arabia recently raised natural gas, fuel, Petchem feedstock, and electricity prices to curb deficit. It i

GulfBase.com

Saudi Kayan swings to Q4 net loss

14/01/2016

Saudi Kayan Petrochemical Co. swung to a net loss in the fourth-quarter, it reported on Thursday.

The company, an affiliate of Saudi Basic Industries Corp (SABIC), made a net loss of 624.1

Reuters

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
SAMBA 26.98 1,138,683
DARALARKAN 13.47 74,648,349

Valuation

KAYAN Sector Market
P/E
Price/BookValue

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
SABIC 114.77 0.02 (0.01%)
MAADEN 53.50 0.77 (1.46%)
YANSAB 71.78 1.14 (1.61%)
SAFCO 69.21 0.79 (1.15%)
NIC 20.21 0.42 (2.12%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap