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NPC-TOC merger to post sales of B57bn.
Byline: Busrin Treerapongpichit
Nov. 5--PTT Chemicals Co, the planned merged entity of two affiliates of PTT, National Petrochemical Plc (NPC) and Thai Olefins Plc (TOC), will generate 57 billion baht in sales this year and 61 billion baht in 2006.
The merger process is expected to be completed in December. Once the deal is completed, PTT Chemicals will have the capacity to produce 1.27 million tonnes of olefins annually, making it the third largest producer in Asia after companies in Taiwan and Korea.
PTT Chemicals expects to post a jump in sales in the last quarter of the year on the back of a short supply of olefins products following the ...
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Source: HighBeam Research, NPC-TOC merger to post sales of B57bn.