PTTGC keen for value-added acquisition
Deals debated with downstream firms
PTT Global Chemical Plc (PTTGC), Thailand’s largest petrochemical producer, is considering yet another asset acquisition after it acquired Vinythai Plc, a polyvinyl chloride (PVC) maker, through a delisting tender offer two weeks ago.
PTTGC chief executive and president Kongkrapan Intarajang said the company is in negotiations with downstream petrochemical manufacturers that specialise in high value-added (HVA) products such as high-performance polymers, composites, and floating and adhesive materials.
These HVA downstream petrochemicals move PTTGC away…
