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Regions :: Southeast Asia

Petronas outlines capex plans, PVC exit costs $162 million

3:10 AM MDT | May 22, 2013 | Natasha Alperowicz

Petronas Chemicals Group (PCG; Kuala Lumpur) is striving to optimize its product portfolio and maximize margins through active molecule management and prioritizing production of higher-value products, PCG chairman Wan Zulkiflee Wan Ariffin tells the Malaysian news agency Bernama. Following an announcement last year, PCG has already closed down its polyvinyl chloride (PVC) operations at Kertih, Malaysia, and is in the process of divesting its share in a PVC joint venture in Vietnam, Wan Zulkiflee says. The company booked once-off expenses of 490 million ringgit...

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