Thailand’s PTTGC eyes Bt2bn-3bn plastics sales from CLMV markets

Thailand’s PTT Global Chemical aims to generate sales of baht (Bt) 2bn-3bn ($60m-90m) from neighboring countries, Cambodia, Laos, Myanmar and Vietnam (CLMV), as it makes investments to boost the region’s plastics industry, the company’s president and CEO Supattanapong Punmeechaow told ICIS. Keep reading   ...

Pearl Bantillo

PTT to sell businesses under revamp

Leading energy conglomerate PTT plans to restructure its petrochemical operations in moves that would also see the sale of its propane and bioplastic business chains to subsidiary PTT Global Chemical, chief executive Tevin Vongvanich said. The proposal would be put to shareholder meetings in April, ...

Profits soar at top petrochem companies

Thailand’s two major petrochemical companies have reported a surge in combined net profit for last year of 54.2 per cent from the prior year to Bt41.79 billion. Indorama Ventures posted net profit of Bt16.19 billion, a jump of 145 per cent year on year, while ...

'Bio-economy' to draw Bt400 bn

The government on January 23 announced the launch of its ambitious “bio-economy” scheme, which it expects to draw Bt400 billion worth of investment from the private sector during the next 10 years. Speaking at the signing ceremony for a memorandum of understanding between the public and ...

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