Sahara International Petrochemical Company (Sipchem) announced to its shareholders the award of engineering, procurement and construction contracts for the expansion of the Ethylene Vinyl Acetate plant of the International Polymers Company. The additional production capacity is 70,000 tons (high-grade Ethylene Vinyl Acetate) and the total production capacity after the expansion will be approximately 290,000 tons a year. The Entity with Which the Contract was Signed: SGC E&C Co., Ltd. and SGC ARABIA COMPANY LIMITED.

Contract Subject Matter: Engineering, procurement and construction contracts for the expansion of the ethylene vinyl acetate plant. Contract Value: USD 187 million. Contract Details: Engineering, procurement, and construction contracts for the expansion of the ethylene vinyl acetate plant, where the additional production capacity is 70,000 tons (high-grade Ethylene Vinyl Acetate) and the total production capacity after the expansion will be approximately 290,000 tons a year.

Contract Duration: 40 Months. Date of Signing the Contract is July 1, 2024.