Saudi Maaden to shut plant for three weeks

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

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.

Related:

Market Performance

Saudi Arabian Mining Company
39.5
1.47 3.87 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Flights of fancy: the future of aviation

Flights of fancy: the future of aviation

How will passengers’ flight experience be in the future? From...

How the Gulf is moving to digital

How the Gulf is moving to digital

The Gulf’s media industry is being characterised by a switch...

Coming to America

Coming to America

As Barack Obama seeks to rebalance the bloated US economy, the...

Most Discussed
  • 12
    Has Narendra Modi already lost the plot?

    Modi was quiet all along and did not utter a word regarding the attacks on minorities and their institutions. It took Obama's address to him to atleast... more

    Saturday, 28 March 2015 2:25 AM - Ali
  • 11
    Nakheel PR: The toughest job in Dubai?

    On service charges.

    We were overcharged for years by Nakheel so that those loans could be paid back.

    The dramatic cuts have come to nothing... more

    Friday, 27 March 2015 7:32 PM - Pondersome George
  • 6
    Drunk passenger who slapped air stewardess jailed in Dubai

    Its high time airlines ban alcoholic drinks on board or limit it to just one drink. There are many passengers who love the free alcohol and keep drinking... more

    Saturday, 28 March 2015 2:25 AM - Azk