Saudi Arabia Mining Company (MAADEN) Announces The Beginning Of Commercial Operation Of Sahara And Maaden Petrochemical Company (SAMAPCO)
Further to the Company announcement on 03/04/1435H corresponding to 03/02/2014G, Saudi Arabia Mining Company (Maaden) announces that tomorrow 04/09/1435H corresponding 01/07/2014G, would mark the beginning of the commercial operation of Sahara and Maaden Petrochemical Company (SAMAPCO).
The plant is designed to produce 250,000 tons per year of concentrated caustic soda and 300,000 tons of ethylene dichloride (EDC)
Note that the financial effect will be shown in the company 2014 third quarter financial results. SAMAPCO is a limited liability company, jointly owned 50:50 by Maaden and Sahara.
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