YANBU NATIONAL PETROCHEMICAL COMPANY With reference to the Council of Ministers resolution issued on Monday 17 Rabi AlAwwal 1437 H corresponding to December 28 2015 regarding the amendment of the prices for energy and electricity tariff Yansab announces that this amendment will lead to increases in the production costs by 6.5% which will be reflected on the companys profitability starting from the first quarter of year 2016. The company is working to reduce the impact by increasing the plants efficiency and reliability as well as by reducing the other costs.
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Yanbu National Petrochemical Company issued this content on 2016-01-03 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-06 20:10:06 UTC
Original Document: http://www.yansab.com.sa/en/news/2016/20160103-YANBU-NATIONAL-PERTROCHEMICAL-COMPANY-YANSAB-ANNOUNCES-THE-FINANCIAL-IMPACT-OF-AMENDMENT-OF.aspx
