Further Significant Restructuring ‘Unlikely’ in Thailand

The Thai petrochemical industry is unlikely to see further significant consolidation, following years of heavy restructuring, says Kongkrapan Intarajang, v.p./business development at PTT Chemicals (PTT Chem; Bangkok). “The industry is highly integrated now,” says Intarajang, who addressed attendees at CW’s Southeast Asia Chemical Industry Outlook, held last week, in Bankok. PTT is still studying a possible merger of its Aromatics Thailand Rayong Refinery subsidiaries, Intarajang says. The company announced plans last year to merge the...

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