Expansion of Israel Petrochemical Enterprises Ltd., due to be completed in the second half of this year, will be delayed until the first quarter of 2007. The three-month delay will cost the company's earnings before interest, taxes, depreciation and amortization (EBITDA) NIS 100 million, assuming operations at full capacity. Upon completion of the expansion, the company's polypropylene production capacity will be doubled, boosting Petrochemical Enterprises' revenue by NIS 1.1 billion a year.
Israel Petrochemical Enterprises Ltd., that owns half of Carmel Olefins Ltd., lost NIS 22.2 million in Q3-2006, also attributed to the shutting down of the company's plant in the Haifa Bay area during the second Lebanon war this summer.
01-Dec-06 
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