At the AGM: (from left) Petronas Chemicals Group CEO and MD Datuk Sazali Hamzah, Md Arif and CFO Rashidah Alias meeting the press after the AGM.
KUALA LUMPUR: Petronas Chemicals Group Bhd
(PetChem) plans to spend RM2.6bil to RM2.7bil in capital expenditure (capex) this year, with the bulk of it allocated for its targeted plant turnaround exercise and to finance the group’s growth strategies.
“Part of our capex for 2019 would be for our normal operations and also for our plant turnaround. This year, we would have six plant turnarounds and that would cost about RM500mil in capex.
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