Notore Chemical Industries Plc has commenced the Turn Around Maintenance (TAM) of its fertiliser plant.
In notification to the Nigerian Stock Exchange (NSE), which was signed by Mrs Otivbo Saleh group chief legal officer / company secretary, said the objective of the TAM is to return the plant to its 500,000 metric tonnes per annum (MTPA) capacity and improve the reliability index to 95 per cent. Barring any unforeseen circumstance, the TAM is expected to be completed on March 8, 2021.
The statement added that “Upon completion, we expect a significant improvement in the Plant’s reliability index and a sustained daily production output of 1,500MT. Attaining this level of production will guaranty improved cashflow, increase in annual revenue as well as return the Company to profitability”