Saudi Maaden restarts fertiliser plant
February 18, 2013 - 12:00:00 am
KHOBAR, Saudi Arabia: A subsidiary of Saudi mining firm Maaden restarted a diammonium phosphate (DAP) fertiliser plant in Ras al-Khair on Saturday after it shut it down for maintenance during a period of low seasonal demand, Maaden said.
Maaden will ramp up output on Feb. 18 as scheduled, it said late on Saturday in a bourse statement.
In January, the Saudi firm said the three-week shutdown would have no impact on its ability to meet its obligations to customers of the industrial fertilizer and that the ammonia plant at Ras al-Khair would continue to operate normally.
Maaden Phosphate Co is 70 percent-owned by Maaden and 30-percent held by Saudi Basic Industries Corp (SABIC). (Reuters)