SectionEgypt overview
Sidi Kerir Petrochemicals (SIDPEC) (SKPC)
Petrochemical producer of ethylene and polyethylene near Alexandria.
TickerSKPC
ExchangeEGX
SectorBasic resources
CurrencyEGP
About SIDPEC
Sidi Kerir Petrochemicals Company (SIDPEC) produces ethylene and polyethylene at its complex near Alexandria. Polyethylene is the plastic used in packaging, pipes and many everyday products.
The company uses natural gas liquids as feedstock, so its results depend on the spread between its input costs and global polyethylene prices.
Petrochemical prices are cyclical and linked to global economic growth and oil prices, which makes the stock one of the more cyclical names on the Egyptian Exchange.