In order to fully assess the technical issue and ensure the safety of employees the furnace 1 was shut down on 29 October 2018.
While the furnace 1 is cooling down over the next month, the company will work together with Outotec, the EPC contractor who has designed and constructed the plant to examine and identify the root causes of the need to shut down, together with the support of Tronox under the technical services agreement.
The company’s plan to restart furnace 1 during the second half of 2019. Once the root cause for the furnace 1 shutdown has been determined and resolved, Cristal currently intends that furnace 2 will be commissioned, after completion of the commercial production of furnace 1.
The financial impact of this project on Tasnee's consolidated results cannot be determined at this stage.
Tasnee owns 50% of this project and the rest is owned by Cristal, which is 79% owned by Tasnee.