London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950

Our Clients

Order Informer

Home > News >

PTT restructuring delayed again

July 22/2010

(plastemart) -- The PTT Groups plan to merge its refining and petrochemical units to create synergy and improve cost efficiency has been on the planning board for over a year. Plan for consolidation is facing further delays as a number of legal issues need serious discussion. The first phase is expected to focus on PTT Aromatics and Refinery, the country's largest integrated aromatics refinery, which is 49% owned by PTT, and IRPC, 36% owned by PTT.


The merger would create Asia's eighth-largest oil refiner, but is faced with concern related to outstanding lawsuits lodged by Prachai Leophairatana, the founder of Thai Petrochemical Industry, which PTT acquired in a debt restructuring.

PTT restructuring delayed again








Category:General News
| More

Leave a comment

MRC help


 All News   News subscribe