Some 15% of Petronas' RM90bil Pengerang complex likely to go to pipes, valves and fittings

  • Business
  • Saturday, 17 May 2014

Pantech Group Holdings Bhd executive director Adrian Tan.

PETROLIAM Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid), which will see the national oil firm pump close to RM90bil into a massive petrochemical complex in Pengerang, Johor, is widely expected to spur a slew of downstream players in the local oil and gas (O&G) supply chain.

While the big boys such as Petronas Gas Bhd, Dialog Group Bhd and Muhibbah Engineering (M) Bhd are some of the obvious winners, lesser-known Pantech Group Holdings Bhd, analysts say, has a good chance of securing the bulk of the jobs for pipes, valves and fittings (PVF), by virtue of it being Malaysia’s only one-stop centre for integrated PVF solutions.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , pantech


Next In Business News

Malaysian banks will deliver resilient operating performance in 2024, says S&P Global Ratings
Guan Chong launches UK industrial chocolate plant with 16,000 tonne capacity
Housing market resilient in 2023
Bursa Malaysia lower at midday, KLCI down 0.25%
UEM Edgenta acquires majority stakes in two UAE-based companies for RM55.1mil
Foreign investors' inflows moderate at RM246.3mil last week
Green investments to support economic growth next year - BNM governor
Ringgit opens higher against US dollar
Bitcoin breaks US$40,000 as momentum builds
Grey Malaysia named Agency of the Year at Kancil Awards 2023

Others Also Read