London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

PTT Global Chemical to start trading on the Stock Exchange of Thailand

October 20/2011

(ICIS) -- PTT Global Chemical, the new flagship petrochemical company of Thailands oil and gas giant PTT, can weather a second round of global recession better given its size and armed with a competitive mixed-feedstock production structure, analysts said on Thursday.


The company, created from the merger PTT Chemical (PTTCH) and PTT Aromatics (PTTAR), will start trading on the Stock Exchange of Thailand (SET) on 21 October, marking the full integration of two PTT affiliates.


With an estimated market capitalisation of more than baht (Bt) 300bn ($10bn), PTT Global Chemical will be the eighth largest listed company on the Thai bourse, analysts said. It will also become the only company in the world to integrate its olefins and aromatics chemical chains with gas-based and liquid-based feedstock sources, said Pongtham Danwungderm, a Bangkok-based analyst at KGI Securities.


mrcplast.com

Tags:No
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe