PTT Global Chemical Plc (PTTGC), Thailand’s largest petrochemical maker by capacity, has set a business goal this year to focus on asset acquisitions and mergers to supply high-quality raw materials to automobile, electronics and construction industries, says PTTGC chief executive Kongkrapan Intarajang.
The new businesses it targets are related to petrochemical production that will add value to the company’s commodity-grade polymers, paving the way for new opportunities across industrial sectors.
“Despite the global economic recession, it is the right time for us to purchase new assets to pursue our goal of high-value polymers,” said Mr Kongkrapan.
He did not elaborate on planned deals.
The latest asset acquired by PTTGC dates back to 2012 when it acquired a 51% share in the France-based Perstorp Holding France SAS, a manufacturer of toluene diisocyanate,…
