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Taiwan’s CPC and Formosa plan petchem, steel plants
Taiwan's staterun Chinese Petroleum Corp (CPC) and the Formosa Plastics Group are both planning to build multi-billion dollar heavy industrial complexes on the same site in the central part of the island, executives said yesterday.
ILB to service Titan unit’s logistic needs
INTEGRATED Logistics Bhd's (ILB) wholly-owned subsidiary Integrated Forwarding Shipping Bhd has agreed to provide warehousing, storage, forwarding, shipping and other related warehousing and logistics services to Titan Chemical Corp Bhd's wholly-owned subsidiary Titan Petchem (M) Sdn Bhd. - AFX-Asia
Titan unit to buy all shares, assume debts of PT PENI
Titan Petchem (M) Sdn Bhd, a unit of Titan Chemicals Corp Bhd, will acquire 100% equity in PT Petrokimia Nusantara Interindo (PT PENI), the largest Indonesian polyethylene producer, from Golden Park Ltd for US$20mil cash.
ILB sets sights on logistics outsourcing
IN a world that competes on speed and efficiency, manufacturers are outsourcing non-core activities to trim costs and boost productivity. Group chief executive Tee Tuan Sem has set his sights on developing its vendor management inventory (VMI) solutions business in the Asian region.
Warehouse platform for vendor management inventory
SEEING is believing. Visitors to Integrated Logistics Bhd's (ILB) warehouses in Shenzhen can see the just-in-time (JIT) concept, often mentioned in management textbooks, being practised in real life.
Titan completes Indon deal
Titan Chemicals Corp Bhd announced yesterday the completion of its proposed acquisition of 100% of PT Petrokimia Nusantara Interindo (PT PENI) via its subsidiary, Titan Petchem (M) Sdn Bhd, making Titan Chemicals the largest polyolefins producer in South-East Asia.
Titan net profit surges 154% in Q3
The country's largest petrochemical producer, Titan Chemicals Corp Bhd, reported a 154% jump in net profit to RM123.7mil in the third quarter ended Sept 30 from RM48.7mil in the corresponding period last year. Sales rose 25% to RM1.5bil from RM1.2bil previously.
Strong Q3 earnings seen for PetChem
PETALING JAYA: Petronas Chemicals Group Bhd (PetChem), a Petroliam Nasional Bhd (Petronas) unit which was listed on the Main Market last November, should see strong third-quarter earnings owing to high utilisation rates and strong product margins.
PetChem makes offer to Sabah amid land problems
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem), which is currently trying to resolve land related matters for its proposed Sabah Ammonia-Urea plant project (Samur), has offered a 25% equity partnership to the state government.
FBM KLCI closes higher
The FTSE Bursa Malaysia KLCI (FBM KLCI) closes higher today by 7.21 points to 1,483.67 following overnight Wall Street recovery
