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Sinostar PEC Holdings Limited ( (SG:C9Q) ) has provided an update.
Sinostar PEC Holdings Limited has announced the retirement of a 50,000-ton polypropylene installation operated by its subsidiary, Dongming Hengchang Petrochemical Co., Ltd. The plant, which has been in operation since 2001, is being retired due to aging issues, safety risks, and poor operational efficiency. Despite the reduction in polypropylene processing capacity from 250,000 tons to 200,000 tons annually, the company’s production balance will remain unaffected due to adjustments in external procurement. The retirement is not expected to materially impact the company’s financial position or operating performance for the year ending December 2025.
More about Sinostar PEC Holdings Limited
Sinostar PEC Holdings Limited is a company incorporated in Singapore, operating in the petrochemical industry. The company, along with its subsidiaries, focuses on producing polypropylene and other petrochemical products.
Average Trading Volume: 115,153
Technical Sentiment Signal: Sell
Current Market Cap: S$128.6M
For a thorough assessment of C9Q stock, go to TipRanks’ Stock Analysis page.