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Corporate News 23 May 2018 | 12:00 AM

PetChem likely to see robust earnings

PETALING JAYA: Despite posting lower net profit in the first quarter of the year, Petronas Chemicals Group Bhd (PetChem) is likely to see robust earnings through 2018, driven by its olefins and derivatives segment

Business 11 Jul 2017 | 12:00 AM

PetChem shares down ahead of Lotte’s listing

PETALING JAYA: Shares in Petronas Chemicals Group Bhd (PetChem) tumbled to their lowest level this year ahead of less pricier rival Lotte Chemical Titan Holding Bhd’s listing today.

Business 17 May 2019 | 2:20 AM

Quick take: PetChem slides after RM760.8mil Da Vincci deal

KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) shares fell in early trade Friday after the group said it would pay RM760.8mil for Dutch firm Da Vinci Group BV.

Corporate News 21 Feb 2018 | 12:00 AM

PetChem Q4 earnings rise to RM1bil backed by higher oil price

PETALING JAYA: Petronas Chemicals Group Bhd’s (PetChem) net profit for its fourth quarter ended Dec 31, 2017 rose to RM1.01bil from RM987mil in the previous corresponding period, backed by higher crude oil prices and a better sales volume from the commencement of the Sabah Ammonia and Urea (Samur) project

Business 04 Nov 2015 | 12:00 AM

PetChem makes entry into Rapid projects

KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) has acquired three petrochemical firms, marking its entry into Petronas’ Refinery and Petrochemical Integrated Development (Rapid) projects in Pengerang, Johor.

Business 30 Apr 2019 | 12:00 AM

PetChem plans RM2.7b capex

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.

Business 21 Aug 2018 | 12:00 AM

PetChem MD: US-China trade war may impact firm

KUALA LUMPUR: Integrated chemicals producer Petronas Chemicals Group Bhd (PetChem) could be impacted if the trade war between the United States (US) and China continues to worsen, according to the group’s managing director and chief executive officer Datuk Sazali Hamzah.

Corporate News 22 May 2018 | 12:00 AM

PetChem earnings lower due to stronger ringgit

PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) has reported lower earnings of RM1.065bil in its first quarter ended March 31, 2018 due to the strengthening of the ringgit against the US dollar and a foreign-exchange (forex) loss on its loans.

Corporate News 24 Jan 2018 | 12:00 AM

PetChem expects crude oil to average US$50 per barrel

KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem), which expects crude oil to average at about US$50 per barrel this year, is targeting an average utilisation rate of 90% for its plants this year.

Business 11 Aug 2017 | 12:00 AM

PetChem Q2 profit soars on fertiliser expansion

PETALING JAYA: Petronas Chemicals Group Bhd’s (PetChem) earnings for the second quarter ended June 30 more than doubled from a year ago after its huge fertiliser plant in Sabah began commercial production in May.

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