Company expects to benefit from higher global demand for polymers and improved production efficiencyThe PTT Global Chemical plant in the eastern province of Rayong. The company believes it will sell more polymers next year as the petrochemical industry outlook improves. (Photo: PTTGC)PTT Global Chemical Plc (PTTGC), Thailand’s largest petrochemical producer by capacity, expects sales of its products to rise by 10% in 2024, up from a projected 17 million tonnes this year, attributed to higher demand in some overseas markets. Mr Kongkrapan believes both commodity-grade polymers and specialty polymers will record higher sales next year. So far, the cost and production efficiency measures have already helped the company cut expenses by 8 billion baht.

Source: Bangkok Post November 15, 2023 16:11 UTC