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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.
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
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.
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.
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.
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.