Logo design of Saudi Chemical Holding Co. (SCHC)
Saudi Chemical Holding Co. (SCHCstated examinations are underway to identify the causes and effect of the current mishap in a reactor in an assembly line of a factory owned by subsidiary Saudi Chemical Co. Ltd.
The examination’s period doubts, and any product advancements will be revealed in due course. Business operations are still idle at the broken assembly line, SCHC stated in a declaration to Tadawul today, Jan. 4.
The monetary effect of fixing this line is approximated at SAR 10 million, impacting the very first quarter of 2024.
SCHC reported a reactor mishap at its subsidiary’s factory at 2.30 am on Jan. 2 in Atshanah, according to information put together by Argaam