Saudi Maaden to shut plant for three weeks

A subsidiary of Saudi mining firm Maaden plans to shut a diammonium phosphate (DAP) fertiliser plant in Ras Al Khair on Monday until around February 18 to do maintenance during a period of low seasonal demand, Maaden said in a bourse statement.

Maaden said the three-week shutdown would have no impact on its ability to meet its obligations to customers of the industrial fertiliser and that the ammonia plant at Ras Al Khair would continue to operate normally.

Maaden Phosphate Co (MPC) is 70 percent-owned by Maaden and 30 percent by Saudi Basic Industries Corporation.