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People & Business :: Companies

Petronas to exit the vinyls business through plant closures, divestment

12:49 PM MDT | October 29, 2012 | Ian Young

Petronas Chemicals Group (PCG; Kuala Lumpur) says it plans to exit the vinyls business, closing production plants in Malaysia and divesting a plant in Vietnam. The move reflects PCG's intention to optimize its portfolio, the company says. PCG will close permanently a vinyl chloride monomer (VCM) plant and a polyvinyl chloride (PVC) unit at the company's Kertih Malaysia petrochemical complex and divest a PVC facility at Phu My, Vietnam. The Kertih plants, operated by wholly owned PCG subsidiary Vinyl Chloride Malaysia, have capacity for 400,000 m.t./year of VCM...

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