Sunday 14 February 2016
 
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Tasnee

Cost cutting to boost Tasnee profitability

Saudi Arabia's National Industrialization Company (Tasnee) said it expects cost cuts to improve its profitability towards the end of 2016 and by early next year, its chief executive said on Monday. "We can't predict i

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Cost cutting to boost Tasnee profitability

Saudi Arabia's National Industrialization Company (Tasnee) said it expects cost cuts to improve its profitability towards the end of 2016 and by early next year, its chief executive said on Monday. "We can't predict i

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Gas subsidy cuts 'will damage Saudi chemicals industry'

The chief executive of National Industrialization Company (Tasnee), which has interests in petrochemicals, metals and chemicals, said any big rise in Saudi natural gas prices risked "killing the golden goose". Tasnee CEO

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Gas subsidy cuts 'will damage Saudi chemicals industry'

The chief executive of National Industrialization Company (Tasnee), which has interests in petrochemicals, metals and chemicals, said any big rise in Saudi natural gas prices risked "killing the golden goose". Tasnee CEO

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Saudi Arabia's Tasnee slumps to Q2 net loss

Saudi Arabia's National Industrialisation Company (Tasnee) on Monday said it swung to a net loss for the second quarter, which the petrochemical producer blamed on lower product sales prices and higher costs as it missed analyst forecasts.

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Tasnee delays commercial start-up at ilmenite plant

Saudi Arabia's National Industrialisation Co (Tasnee) said commercial production at a planned ilmenite smelting plant has been delayed until the second half of next year, according to a bourse filing on Thursday. The delays in

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Asian contractors win $290m Saudi Tasnee project

Saudi Arabia's National Industrialisation Company (Tasnee) said it has chosen Taiwan's CTCI and Japan's Chiyoda Corp to build a titanium sponge plant for its majority-owned Cristal subsidiary. The two contractors are e

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Asian contractors win $290m Saudi Tasnee project

Saudi Arabia's National Industrialisation Company (Tasnee) said it has chosen Taiwan's CTCI and Japan's Chiyoda Corp to build a titanium sponge plant for its majority-owned Cristal subsidiary. The two contractors are e

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Tasnee to cut costs, revise contracts after Q1 loss

Saudi Arabia's National Industrialization Company (Tasnee) said on Monday it would cut costs and revise foreign exchange and derivatives contracts at a subsidiary after swinging to a first-quarter loss. The diversified industr

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Saudi's Tasnee swings to Q1 net loss

Saudi Arabia's National Industrialization Company (Tasnee) said it swung to a first-quarter net loss on Monday that the petrochemical producer blamed on lower sales prices and adverse foreign exchanges hedging contracts at a subsidiary.

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