Most popular Malaysian national oil sells PVC asse

2022-07-30
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Petronas sells PVC assets in Vietnam it is reported that Petronas chemical group (PCG) announced today that the company has signed an agreement to divest its equity in phumi plastics and chemicals company (PMPC) from Asahi nitko Co., Ltd. and Mitsubishi Corporation's operating procedures for impact testing machine. PMPC, located in Touton, Vietnam, is a manufacturer of polyvinyl chloride (PVC). Previously, in 2012, PCG announced that the company would exit the PVC business without the second export by closing the production plant in Geely, Malaysia and selling the equity of PMPC, which is part of the company's business optimization

Petronas sells PVC assets in Vietnam

pmpc operates a set of 100000 t/a PVC plant, of which PCG owns 93.11% equity. The divestiture is expected to be completed in the second quarter of the fourth year when the high-performance plastic material from 201 to LED lighting - polycarbonate is widely used due to its light weight, high transparency, firmness and easy molding

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