Thursday, November 01, 2012

Petronas Chemicals to discontinue vinyl business in a bid to streamline assets, focus on higher value products

The petrochemical arm of Malaysia's state oil firm Petronas plans to discontinue its vinyl business as it looks to streamline its assets and focus on higher value products, as per Reuters. As per a sttatement, Petronas Chemicals Group Berhad announced plans to stop operations at its two Malaysian plants from Jan 2013 and begin a sales process for its interest in a plant in Vietnam.




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