A SIIG factory
Saudi Industrial Investment Group (SIIG)announced a temporary and unscheduledhaltat Saudi Polymers Co. (SPC). 
For more news and details on the projects
According to a statement on Tadawul, the halt was due to a temporary power outage outside the industrial complex, which caused all SPC units to stop working.
The operations department is working to restart the affected units, while maintaining the safety of employees and equipment.
SIIG estimates that all units will be fully operational by the end of next week.
Meanwhile, all other units in the industrial complex projects are unaffected and continue to operate as normal, the statement noted. SIIG said at present it is difficult to assess the financial impact of the suspension, but it will show in Q4 2024 financials.
The company will announce any material developments in due course, it added.
A SIIG factory
Saudi Industrial Investment Group (SIIG)announced a temporary and unscheduledhaltat Saudi Polymers Co. (SPC).
For more news and details on the projects
According to a statement on Tadawul, the halt was due to a temporary power outage outside the industrial complex, which caused all SPC units to stop working.
The operations department is working to restart the affected units, while maintaining the safety of employees and equipment.
SIIG estimates that all units will be fully operational by the end of next week.
Meanwhile, all other units in the industrial complex projects are unaffected and continue to operate as normal, the statement noted. SIIG said at present it is difficult to assess the financial impact of the suspension, but it will show in Q4 2024 financials.
The company will announce any material developments in due course, it added.
