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Business

KNM Group bags RM175m job to build plant in Johor

KUALA LUMPUR: KNM Group Bhd has secured a US$43mil (RM175mil) contract to build a plant at Tanjung Langsat Port, Johor to produce carcinogen-free (green) rubber process oils for synthetic rubber and tyre industries.

Business

PetChem eyes growth in aroma ingredients business

KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) smells growth opportunities in the aroma ingredients business and is considering an expansion of its facility in Gebeng, Pahang.

Business

PIPC long-term investors remain committed

PETALING JAYA: Pengerang Integrated Petroleum Complex (PIPC) long-term investors continue to be committed to the sustainability of the project as Asia’s petrochemical hub despite the current low-oil price environment.

Business

PetChem cuts Rapid capex

PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) has slashed its investment in the Refinery and Petrochemicals Integrated Development (Rapid) project by one-third over concerns on the future prospects of the synthetic rubber segment.

Business

Thai govt seeks investors for Rubber City

It hopes projects will help boost rubber prices and triple local consumption

Business

Thailand to woo US$10bil investments for Rubber City

PETALING JAYA: The Thai government is targeting some US$10bil worth of investments for the Rubber City development located in the Southern Region Industrial Estate of Hat Yai, 946 km south of Bangkok

Business

Lanxess, Aramco form US$3.1bil venture to buoy rubber unit

LONDON: Lanxess AG and Saudi Arabian Oil Co said they will form a 2.75 billion-euro (US$3.1bil) venture to draw on the Middle East company’s access to raw materials and make a struggling synthetic-rubber division more competitive.

Business

Johor still top manufacturing destination

PASIR GUDANG: Johor remains the country’s top investment destination for the manufacturing sector and continues to attract strong interest from domestic

Business

Petronas Chemicals gears up for 80%-85% plant utilisation rate

KUALA LUMPUR: Integrated chemicals producer, Petronas Chemicals Group Bhd (PCG) is currently pushing for a higher average plant utilisation rate of between 80 to 85 per cent in a bid to drive sales volume.

Business

Thai: Watch my next move

Upgrading to high-tech manufacturingof medical devices on Thai’s mind