Showing 1 - 10 of 51
Rate jitters keep stocks on back foot
Business, Published on 07/05/2022
» Recap: Global stocks retreated as markets worried about more US interest-rate increases while Asian shares slumped on a concern that China's Zero-Covid policy may hold back the region's economic growth.
Exxon cancels B330bn project
Business, Lamonphet Apisitniran, Published on 05/05/2022
» US oil and gas giant Exxon Mobil Corporation has scrapped its 330-billion-baht ethylene cracker and refinery expansion project in Chon Buri, but the decision will not affect the Eastern Economic Corridor (EEC) scheme, says a source at the Industrial Estate Authority of Thailand (IEAT) who requested anonymity.
IVL reports 55% surge in Ebitda thanks to tailwinds
Business, Published on 03/03/2022
» Indorama Ventures Plc (IVL), a global chemical producer, reported US$1.74 billion in earnings before interest, taxes, depreciation and amortisation (Ebitda) for the 2021 financial year, an increase of 55% year-on-year.
PTTGC puts off Ohio cracker call
Business, Yuthana Praiwan, Published on 18/02/2021
» PTT Global Chemical (PTTGC), Thailand's largest petrochemical maker by capacity, has decided to further delay a final investment decision on its plan to develop an olefin cracker in the US state of Ohio as it needs more time to adjust its cost and form new business partnerships.
PTTGC to focus on asset acquisitions, mergers
Business, Yuthana Praiwan, Published on 14/01/2021
» PTT Global Chemical Plc (PTTGC), Thailand's largest petrochemical maker by capacity, has set a business goal this year to focus on asset acquisitions and mergers to supply high-quality raw materials to automobile, electronics and construction industries, says PTTGC chief executive Kongkrapan Intarajang.
Suriya: Protests not derailing FDI
Business, Lamonphet Apisitniran, Published on 27/10/2020
» The student-led protests against the government will not seriously affect the domestic economy as foreign investors view them as a short-term event, less frightening than the pandemic, says Industry Minister Suriya Jungrungreangkit.
Smart Park being propelled ahead
Business, Lamonphet Apisitniran, Published on 25/08/2020
» Industry Minister Suriya Jungrungreangkit plans to ask the cabinet to approve a 12-billion-baht Smart Park industrial estate as well new measures to stimulate car sales after the pandemic dies down.
PTT moves closer to decision on Ohio petrochemical plant with storage deal
Published on 24/07/2020
» State-owned oil and gas company PTT Plc said its US unit took a step forward on its proposed chemical plant in Ohio that will turn ethane into plastics with an agreement to develop a natural gas liquids storage facility.
PTTGC's partner Daelim in US project leaves
Business, Yuthana Praiwan, Published on 16/07/2020
» PTT Global Chemical Plc (PTTGC), Thailand's largest petrochemical producer by capacity, is determined to continue its petrochemical complex project in the US even as its partner, South Korean construction and chemical company Daelim Industrial, has withdrawn from their joint venture.
IVL upbeat after healthy 2019 volume uptick
Business, Published on 03/03/2020
» Indorama Ventures Plc (IVL), the global chemicals producer, announced 2019 financial results, reporting volume growth of 18% to 12.3 million tonnes, driven mainly by inorganic expansions in combined PET (polyethylene terephthalate), integrated oxides, and derivatives and fibres.