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Saudi Maaden restarts fertiliser plant

Published: 17 Feb 2013 - 07:06 pm | Last Updated: 03 Feb 2022 - 02:58 pm

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)