PetChem: Higher Profits, Capex Maintained
Datuk Sazali Hamzah, Managing Director/ Chief Executive Officer, Petronas Chemicals Group Bhd
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Petronas Chemicals saw a 120% on-year increase in 1Q17 net profit, and are expected to stick to its RM4 billion capex plan for 2017. Datuk Sazali also outlines the integrated chemicals producer's growth strategy, which will be 'much more active', given a recent JV with Saudi Aramco.
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Tags: Petronas Chemicals, Pengerang, RAPID, net profit, Lotte Chemicals, 99% utilisation, natural hedge, oil volatility, US dollars, corporate tax, ASEAN, PetChem, Petronas