Satellite Chemical Co.,Ltd. (002648.SZ) announced that the company has decided to conduct routine maintenance on production facilities at its wholly-owned subsidiary, Lianyungang Petrochemical Co., Ltd., according to its annual plan. The maintenance will cover two polyethylene units, one ethylene oxide/ethylene glycol unit, and supporting raw material facilities. These units commenced operations in August 2022 and have been running continuously since then, having reached the industry-standard maintenance cycle. The maintenance period is expected to last approximately 45 days.
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