‎Advanced CEO: Tensions lift prices, volumes almost intact

Geopolitical tensions in the Strait of Hormuz have affected supply chains, particularly prices, Advanced Petrochemical Co.’s CEO Mamdouh AlAmri told Argaam.

AlAmri noted that the company has not experienced a significant impact on volumes, as it managed supply operations through multiple channels and implemented crisis management plans to ensure product delivery. He added that the company also adjusted export and shipping routes to align with current conditions.

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Logistical initiatives provided by the Saudi government helped facilitate shipping operations and enhance the reach of Saudi products to global markets.

Advanced has seen an increase in demand recently, especially with the temporary shutdown of several factories in Asia and Europe, which supported higher sales prices. He emphasized that the company follows a flexible strategy focusing on markets with higher returns.

Regarding demand expectations in the coming period, AlAmri stated that the outlook remains somewhat uncertain, expressing hope that the current crisis will end in a way that stabilizes the region and safeguards the security of the Kingdom and the GCC.

Geopolitical tensions in the Strait of Hormuz have affected supply chains, particularly prices, Advanced Petrochemical Co.’s CEO Mamdouh AlAmri told Argaam.

AlAmri noted that the company has not experienced a significant impact on volumes, as it managed supply operations through multiple channels and implemented crisis management plans to ensure product delivery. He added that the company also adjusted export and shipping routes to align with current conditions.

Logistical initiatives provided by the Saudi government helped facilitate shipping operations and enhance the reach of Saudi products to global markets.

Advanced has seen an increase in demand recently, especially with the temporary shutdown of several factories in Asia and Europe, which supported higher sales prices. He emphasized that the company follows a flexible strategy focusing on markets with higher returns.

Regarding demand expectations in the coming period, AlAmri stated that the outlook remains somewhat uncertain, expressing hope that the current crisis will end in a way that stabilizes the region and safeguards the security of the Kingdom and the GCC.